AMC Entertainment Holdings Inc [AMC] stock prices are up 9.56% to $2.98 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 5.30% over the last week, with a monthly amount drifted -32.12%, and not seem to be holding up well over a long-time horizon.
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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.
The stock price of AMC Entertainment Holdings Inc [AMC] has been fluctuating between $2.38 and $54.97 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 $2.98 at the most recent close of the market. An investor can expect a potential return of 101.34% based on the average AMC price forecast.
Analyzing the AMC fundamentals
The AMC Entertainment Holdings Inc [NYSE:AMC] reported sales of 4.81B for trailing twelve months, representing a surge of 11.45%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is 0.17 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 -2.76.
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 2.86 points at the first support level, and at 2.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.07, and for the 2nd resistance point, it is at 3.15.
Ratios To Look Out For
It’s worth pointing out that AMC Entertainment Holdings Inc [NYSE:AMC]’s Current Ratio is 0.74. As well, the Quick Ratio is 0.71, while the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 0.16.
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.
