At the time of writing, AMC Networks Inc [AMCX] stock is trading at $9.25, down -2.84%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AMCX shares have gain 8.06% over the last week, with a monthly amount glided 14.62%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
AMC Networks Inc [NASDAQ: AMCX] stock has seen the most recent analyst activity on October 22, 2024, when Seaport Research Partners upgraded its rating to a Buy but kept the price target unchanged to $11 for it. Previously, Seaport Research Partners downgraded its rating to Neutral on December 12, 2023. On October 06, 2023, Seaport Research Partners initiated with a Buy rating and assigned a price target of $16 on the stock. Morgan Stanley downgraded its rating to a Underweight and decreased its price target to $12 on June 06, 2023. Deutsche Bank downgraded its rating to a Sell and raised its price target to $48 on July 22, 2021. Goldman upgraded its rating to Neutral for this stock on May 14, 2021, and upped its price target to $51. In a note dated March 26, 2021, Wells Fargo downgraded an Underweight rating on this stock and revised its target price from $63 to $52.
For the past year, the stock price of AMC Networks Inc fluctuated between $7.08 and $20.97. Currently, Wall Street analysts expect the stock to reach $20.25 within the next 12 months. AMC Networks Inc [NASDAQ: AMCX] shares were valued at $9.25 at the most recent close of the market. An investor can expect a potential return of 118.92% based on the average AMCX price forecast.
Analyzing the AMCX fundamentals
According to AMC Networks Inc [NASDAQ:AMCX], the company’s sales were 2.50B for trailing twelve months, which represents an -5.86% plunge. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.1.
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 9.06 points at the first support level, and at 8.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.53, and for the 2nd resistance point, it is at 9.81.
Ratios To Look Out For
It is important to note that AMC Networks Inc [NASDAQ:AMCX] has a current ratio of 2.32. As well, the Quick Ratio is 2.31, while the Cash Ratio is 1.13. Considering the valuation of this stock, the price to sales ratio is 0.16, the price to book ratio is 0.37 and price to earnings (TTM) ratio is 14.67.
Transactions by insiders
Recent insider trading involved Kelleher Kimberly, Chief Commercial Officer, that happened on May 23 ’24 when 10941.0 shares were sold. EVP & Chief Financial Officer, O’Connell Patrick completed a deal on May 21 ’24 to sell 6459.0 shares. Meanwhile, EVP & Chief Accounting Officer Sherin Michael J. III sold 4948.0 shares on May 21 ’24.
