AMC Entertainment Holdings Inc. (NYSE: AMC) is 7.86% higher on its value in year-to-date trading and has touched a low of $3.77 and a high of $21.09 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMC stock was last observed hovering at around $4.21 in the last trading session, with the day’s gains setting it 0.18% off its average median price target of $2.00 for the next 12 months. It is also 2.44% off the consensus price target high of $4.50 offered by 7 analysts, but current levels are -778.0% lower than the price target low of $0.50 for the same period.
Currently trading at $4.39, the stock is -25.52% and -19.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.95 million and changing 4.28% at the moment leaves the stock -40.98% off its SMA200. AMC registered -50.65% loss for a year compared to 6-month loss of -55.70%.
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The stock witnessed a -2.44% gain in the last 1 month and extending the period to 3 months gives it a -23.25%, and is -22.30% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.83% over the week and 11.73% over the month.
AMC Entertainment Holdings Inc. (AMC) has around 2787 employees, a market worth around $2.39B and $3.91B in sales. Profit margin for the company is -24.90%. Distance from 52-week low is 16.45% and -79.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.70%).
AMC Entertainment Holdings Inc. (AMC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for AMC Entertainment Holdings Inc. (AMC) is a “Underweight”. 7 analysts offering their recommendations for the stock have an average rating of 3.70, where 3 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
AMC Entertainment Holdings Inc. is expected to release its quarterly report on 05/08/2023.The EPS is expected to grow by 65.00% this year
AMC Entertainment Holdings Inc. (AMC) Top Institutional Holders
The shares outstanding are 519.19M, and float is at 516.58M with Short Float at 24.38%.
AMC Entertainment Holdings Inc. (AMC) Insider Activity
A total of 24 insider transactions have happened at AMC Entertainment Holdings Inc. (AMC) in the last six months, with sales accounting for 15 and purchases happening 9 times. The most recent transaction is an insider sale by Antara Capital LP, the company’s 10% Owner. SEC filings show that Antara Capital LP sold 48,000,579 shares of the company’s common stock on Mar 15 at a price of $1.51 per share for a total of $72.48 million. Following the sale, the insider now owns 179.23 million shares.
AMC Entertainment Holdings Inc. disclosed in a document filed with the SEC on Mar 03 that Antara Capital LP (10% Owner) bought a total of 380,900 shares of the company’s common stock. The trade occurred on Mar 03 and was made at $6.48 per share for $2.47 million. Following the transaction, the insider now directly holds 0.0 shares of the AMC stock.
Still, SEC filings show that on Feb 15, Antara Capital LP (10% Owner) disposed off 17,557,400 shares at an average price of $2.46 for $43.19 million. The insider now directly holds 227,232,507 shares of AMC Entertainment Holdings Inc. (AMC).
AMC Entertainment Holdings Inc. (AMC): Who are the competitors?
The company’s main competitors (and peers) include Cinemark Holdings Inc. (CNK) that is trading -21.06% down over the past 12 months and The Marcus Corporation (MCS) that is -11.87% lower over the same period. Reading International Inc. (RDI) is -23.17% down on the 1-year trading charts.