AMC Entertainment Holdings Inc (AMC) Analysis & Forecast for 2024

AMC Entertainment Holdings Inc (NYSE: AMC) is -25.65% lower on its value in year-to-date trading and has touched a low of $2.38 and a high of $11.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMC stock was last observed hovering at around $4.50 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $4.55, the stock is -4.36% and -7.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.85 million and changing 1.11% at the moment leaves the stock -1.35% off its SMA200. AMC registered -41.59% loss for a year compared to 6-month gain of 44.90%. The firm has a 50-day simple moving average (SMA 50) of $4.9134 and a 200-day simple moving average (SMA200) of $4.6015.

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The stock witnessed a -5.60% loss in the last 1 month and extending the period to 3 months gives it a -9.72%, and is -2.36% 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 3.91% over the week and 3.88% over the month.

AMC Entertainment Holdings Inc (AMC) has around 33812 employees, a market worth around $1.64B and $4.49B in sales. Profit margin for the company is -8.15%. Distance from 52-week low is 91.18% and -61.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.78%).

with sales reaching $1.28B over the same period.The EPS is expected to grow by 50.60% this year, but quarterly earnings will post -4.90% year-over-year.

AMC Entertainment Holdings Inc (AMC) Top Institutional Holders

313.0 institutions hold shares in AMC Entertainment Holdings Inc (AMC), with institutional investors hold 40.36% of the company’s shares. The shares outstanding are 361.36M, and float is at 360.26M with Short Float at 14.00%. Institutions hold 40.25% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 30.51 million shares valued at $151.96 million. The investor’s holdings represent 11.5845% of the AMC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 20.81 million shares valued at $103.62 million to account for 7.8995 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 12.53 million shares representing 4.7553% and valued at over $62.38 million, while RENAISSANCE TECHNOLOGIES LLC holds 3.9049 of the shares totaling 10.29 million with a market value of $51.22 million.