AMC Entertainment Holdings Inc (NYSE:AMC) price on current trading day, fall -1.42% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.84.
A look at the stock’s price movement, the level at last check in today’s session was $4.91, moving within a range at $4.83 and $4.9286. The beta value (5-Year monthly) was 1.994. Turning to its 52-week performance, $11.88 and $2.38 were the 52-week high and 52-week low respectively. Overall, AMC moved 10.25% over the past month.
AMC Entertainment Holdings Inc’s market cap currently stands at around $1.82 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 1.3B for the company’s revenue for the quarter, with a low and high estimate of 1.24B and 1.35B respectively. The average forecast suggests up to a 17.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.63B, representing a -3.80% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AMC is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 0 recommend AMC as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AMC’s current price about 4.49% and 8.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.55, while 7-day volatility ratio is 3.92% and 5.10% in the 30-day chart. Further, AMC Entertainment Holdings Inc (AMC) has a beta value of 1.91, and an average true range (ATR) of 0.21. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $3.2 and high of $8. Looking at the price targets, the low is 33.88% off recent price level in today’s trading while to achieve the yearly target high, it has to move -65.29%. Nonetheless, investors will most likely welcome a 17.36% jump to $4 which is the analysts’ median price.
If we refocus on AMC Entertainment Holdings Inc (NYSE:AMC), historical trading data shows that trading volumes averaged 14.62 over the past 10 days and 10.17 million over the past 3 months. The company’s latest data on shares outstanding shows there are 375.68 million shares.
The 0.29% of AMC Entertainment Holdings Inc’s shares are in the hands of company insiders while institutional holders own 43.13% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 49.81 million on 2024-11-15, giving us a short ratio of 5.14. The data shows that as of 2024-11-15 short interest in AMC Entertainment Holdings Inc (AMC) stood at 1329.0 of shares outstanding, with shares short falling to 52.76 million registered in 2024-10-15. Current price change has pushed the stock -20.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMC stock continues to rise going into the next quarter.
