AMC Entertainment Holdings Inc (NYSE:AMC) shares, rose in value, with the stock price down by -0.97% to the previous day’s close as strong demand from buyers drove the stock to $3.05.
Actively observing the price movement in the last trading, the stock closed the session at $3.08. Referring to stock’s 52-week performance, its high was $11.88, and the low was $2.38. On the whole, AMC has fluctuated by -0.97% over the past month.
With the market capitalization of AMC Entertainment Holdings Inc currently standing at about $1.32 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AMC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of AMC currently trading nearly -7.74% and -13.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.05, while the 7-day volatility ratio is showing 6.99% which for the 30-day chart, stands at 5.64%. Furthermore, AMC Entertainment Holdings Inc (AMC)’s beta value is 1.65, and its average true range (ATR) is 0.19.
A comparison of AMC Entertainment Holdings Inc (AMC) with its peers suggests the former has fared considerably weaker in the market. AMC showed an intraday change of -0.97% in last session, and over the past year, it shrunk by -30.05%%. In comparison, Cinemark Holdings Inc. (CNK) has moved lower at -2.22%% on the day and was up 39.27% over the past 12 months. On the other hand, the price of Marcus Corp. (MCS) has fallen -1.74%% on the day. The stock, however, is off 18.63% from where it was a year ago. Additionally, there is a loss of -2.92%% for Reading International Inc. Cl A (RDI) in last trading while the stock has seen an overall depriciation of -27.32%% over the past year.
Data on historical trading for AMC Entertainment Holdings Inc (NYSE:AMC) indicates that the trading volumes over the past 3 months, they’ve averaged 13.27 million. According to company’s latest data on outstanding shares, there are 431.95 million shares outstanding.
Nearly 0.59% of AMC Entertainment Holdings Inc’s shares belong to company insiders and institutional investors own 40.44% of the company’s shares. The stock has fallen by -23.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMC stock heading into the next quarter.
