A share price of AMC Entertainment Holdings Inc [AMC] is currently trading at $4.60, up 0.88%. 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 6.48% over the last week, with a monthly amount glided 13.02%, and seem to be holding up well over a long-time horizon.
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On 1, March 2024, AMC Entertainment Holdings, Inc. Board of Directors Elects Sonia Jain to Serve as a Director of the Company, Effective March 1, 2024. In a post published today on Yahoo Finance, Sonia Jain will serve as a Class III director of the Company with a term expiring at the Company’s 2026 Annual Meeting of Stockholders.
From an analyst’s perspective:
AMC Entertainment Holdings Inc [NYSE: AMC] stock has seen the most recent analyst activity on February 29, 2024, when B. Riley Securities reiterated its Neutral rating and also revised its price target to $8 from $12. Previously, Citigroup reaffirmed its Sell rating on September 26, 2023, and dropped its price target to $4.75. On August 24, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $19 on the stock. B. Riley Securities reiterated its recommendation of a Neutral and reduced its price target to $4.50 on January 03, 2023. B. Riley Securities reiterated a Neutral rating for this stock on October 12, 2022, and downed its price target to $7.50. In a note dated November 04, 2021, Wedbush downgraded an Underperform rating on this stock but restated the target price of $7.50.
AMC Entertainment Holdings Inc experienced fluctuations in its stock price throughout the past year between $3.59 and $56.03. 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 $4.60 at the most recent close of the market. An investor can expect a potential return of 30.43% based on the average AMC price forecast.
Analyzing the AMC fundamentals
Trailing Twelve Months sales for AMC Entertainment Holdings Inc [NYSE:AMC] were 4.81B which represents 11.45% growth. 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 4.45 points at the first support level, and at 4.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.83, and for the 2nd resistance point, it is at 5.05.
AMC Entertainment Holdings Inc [AMC] reported earnings per share of -$0.83 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.69/share, meaning a difference of -$0.14 and a surprise factor of -20.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.08 per share as compared to estimates of -$0.15 per share, a difference of $0.23 representing a surprise of 153.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for AMC Entertainment Holdings Inc [NYSE:AMC] is 0.74. As well, the Quick Ratio is 0.71, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 0.25.
Transactions by insiders
Recent insider trading involved Antara Capital LP, 10% Owner, that happened on Jun 28 ’23 when 7.99 million shares were sold. 10% Owner, Antara Capital LP completed a deal on Jun 27 ’23 to sell 3.57 million shares. Meanwhile, 10% Owner Antara Capital LP sold 2.37 million shares on Jun 26 ’23.
