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AMC Entertainment Holdings Inc. (NYSE: APE) Slashes -0.62%: Is This A Sign Of Things To Come?

AMC Entertainment Holdings Inc. (NYSE:APE) shares, rose in value on Thursday, May 25, with the stock price down by -0.62% to the previous day’s close as strong demand from buyers drove the stock to $1.61.

Actively observing the price movement in the recent trading, the stock is buoying the session at $1.62, falling within a range of $1.575 and $1.62. The value of beta (5-year monthly) is 1.96. Referring to stock’s 52-week performance, its high was $10.50, and the low was $0.65. On the whole, APE has fluctuated by 15.83% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of APE currently trading nearly 1.83% and 5.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.35, while the 7-day volatility ratio is showing 3.41% which for the 30-day chart, stands at 4.66%. Furthermore, AMC Entertainment Holdings Inc. (APE)’s average true range (ATR) is 0.08.

Data on historical trading for AMC Entertainment Holdings Inc. (NYSE:APE) indicates that the trading volumes over the past 10 days have averaged 6.65 million and over the past 3 months, they’ve averaged 17.90 million. According to company’s latest data on outstanding shares, there are 974.19 million shares outstanding.

Nearly 0.17% of AMC Entertainment Holdings Inc.’s shares belong to company insiders and institutional investors own 23.49% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 30.27 million shares as on Apr 27, 2023, resulting in a short ratio of 1.57. According to the data, the short interest in AMC Entertainment Holdings Inc. (APE) stood at 2.00% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 28.81 million. The stock has risen by 14.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the APE stock heading into the next quarter.

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