AMC Entertainment Holdings Inc [AMC] stock prices are up 3.74% to $4.99 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AMC shares have gain 9.19% over the last week, with a monthly amount glided 16.86%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, AMC Entertainment Holdings, Inc. Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”) today reported results for the fourth quarter and full year ended December 31, 2023, which have been posted to the Investor Relations section of AMC’s website at https://investor.amctheatres.com/.
From an analyst’s perspective:
AMC Entertainment Holdings Inc [NYSE: AMC] stock has seen the most recent analyst activity on September 26, 2023, when Citigroup reiterated its Sell rating and also revised its price target to $4.75 from $15.50. Previously, Wedbush upgraded its rating to Neutral on August 24, 2023, and kept the price target unchanged to $19. B. Riley Securities reiterated its Neutral rating and decreased its price target to $4.50 on January 03, 2023. B. Riley Securities reiterated its recommendation of a Neutral and reduced its price target to $7.50 on October 12, 2022. Wedbush downgraded its rating to Underperform for this stock on November 04, 2021, but kept the price target unchanged to $7.50. In a note dated September 01, 2021, Macquarie downgraded an Underperform rating on this stock.
The stock price of AMC Entertainment Holdings Inc [AMC] has been fluctuating between $3.59 and $75.26 over the past year. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. AMC Entertainment Holdings Inc [NYSE: AMC] shares were valued at $4.99 at the most recent close of the market. An investor can expect a potential return of 20.24% based on the average AMC price forecast.
Analyzing the AMC fundamentals
The AMC Entertainment Holdings Inc [NYSE:AMC] reported sales of 4.70B for trailing twelve months, representing a surge of 45.18%. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is 0.29 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -4.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.79 points at the first support level, and at 4.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.14, and for the 2nd resistance point, it is at 5.30.
AMC Entertainment Holdings Inc [AMC] reported earnings per share of $0.08 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.15/share, meaning a difference of $0.23 and a surprise factor of 153.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.09 per share as compared to estimates of -$0.37 per share, a difference of $0.46 representing a surprise of 124.30%.
Ratios To Look Out For
It’s worth pointing out that AMC Entertainment Holdings Inc [NYSE:AMC]’s Current Ratio is 0.64. As well, the Quick Ratio is 0.64, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 0.28.
Transactions by insiders
Recent insider trading involved Antara Capital LP, 10% Owner, that happened on Jun 28 when 7.99 million shares were sold. 10% Owner, Antara Capital LP completed a deal on Jun 27 to sell 3.57 million shares. Meanwhile, 10% Owner Antara Capital LP sold 2.37 million shares on Jun 26.
