AMC Entertainment Holdings Inc. (NYSE:AMC) price is hovering lower on Monday, September 13, dropping -3.17% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $51.69, with intraday deals fluctuating between $50.35 and $52.79. The company’s 5Y monthly beta was ticking 1.33. Taking into account the 52-week price action we note that the stock hit a 52-week high of $72.62 and 52-week low of $1.91. The stock added 56.30% on its value in the past month.
AMC Entertainment Holdings Inc., which has a market valuation of $25.67 billion, is expected to release its quarterly earnings report Nov 01, 2021 – Nov 05, 2021. Analysts tracking AMC have forecast the quarterly EPS to shrink by -0.54 per share this quarter, while the same analysts predict the annual EPS to hit -$2.82 for the year 2021 and up to -$0.73 for 2022. In this case, analysts estimate an annual EPS growth of 92.80% for the year and 74.10% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $719.15 million, with the likely lows of $545 million and highs of $789.5 million. Staying with the analyst view, there is a consensus estimate of $2.4 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 93.10% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AMC a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 9 analysts have assigned AMC a recommendation rating as follows: 4 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the AMC Entertainment Holdings Inc. (AMC) stock as Underweight, with 5 recommending Sell. In general, analysts have rated the stock Underweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that AMC’s price is at present 17.50% off the SMA20 and 25.57% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 63.19, with weekly volatility standing at 6.66%. The indicator jumps to 9.55% when calculated based on the past 30 days. AMC Entertainment Holdings Inc. (NYSE:AMC)’s beta value is holding at 1.32, while the average true range (ATR) indicator is currently reading 3.74. Considering analysts have assigned the stock a price target range of $1.00-$16.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $5.44. Based on this estimate, we see that today’s price at last check is roughly 98.0% off the estimated low and 68.03% off the forecast high. Investors will no doubt be excited to see the share price rise to $5.00, which is the median consensus price, and at that level AMC would be 90.01% from recent price.
Turning out attention to how the AMC Entertainment Holdings Inc. stock has performed in comparison to its peers in the industry, here’s what we find: AMC’s stock is -3.17% on the day and 792.75% in the past 12 months, while Cinemark Holdings Inc. (CNK) traded -1.09% in the latest session and is positioned 51.91% up on its price 12 months ago. Another comparison is with The Marcus Corporation (MCS) whose stock price is up 1.24% in the current trading session, and has flourished 21.96% over the past year. Also, Reading International Inc. (RDI) is currently showing down trend of 0.00% while its price kept floating at 24.87% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.08% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.42%.
An analysis of the AMC Entertainment Holdings Inc. (NYSE:AMC) stock in terms of its daily trading volume indicates that the 3-month average is 108.05 million.
Current records show that the company has 496.55M in outstanding shares. The insiders’ percentage holdings are 6.20% of outstanding shares while the percentage share held by institutions stands at 25.20%. But the 2338.21% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.