AMC Entertainment Holdings Inc (NYSE:AMC) price on current trading day, rose 0.78% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.24.
A look at the stock’s price movement, the level at last check in today’s session was $3.22. Turning to its 52-week performance, $11.88 and $2.38 were the 52-week high and 52-week low respectively. Overall, AMC moved 1.09% over the past month.
AMC Entertainment Holdings Inc’s market cap currently stands at around $1.40 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 974.71M for the company’s revenue for the quarter, with a low and high estimate of 930M and 1.01B respectively. The average forecast suggests up to a 2.45% 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 5.05B, representing a 8.80% jump 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 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell 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 -2.02% and -9.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.26, while 7-day volatility ratio is 6.42% and 5.19% in the 30-day chart. Further, AMC Entertainment Holdings Inc (AMC) has a beta value of 1.94, and an average true range (ATR) of 0.18. Analysts have given the company’s stock an average 52-week price target of $3.225, forecast between a low of $3.2 and high of $3.25. Looking at the price targets, the low is 1.23% off recent price level in today’s trading while to achieve the yearly target high, it has to move -0.31%. Nonetheless, investors will most likely welcome a 0.46% jump to $3.225 which is the analysts’ median price.
If we refocus on AMC Entertainment Holdings Inc (NYSE:AMC), historical trading data shows that trading volumes averaged 13.29 million over the past 3 months. The company’s latest data on shares outstanding shows there are 381.47 million shares.
The 0.58% of AMC Entertainment Holdings Inc’s shares are in the hands of company insiders while institutional holders own 45.80% of the company’s shares. Current price change has pushed the stock -18.47% 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.
