During the last session, AMC Entertainment Holdings, Inc. (NYSE:AMC)’s traded shares were 28,804,325, with the beta value of the company hitting 1.41. At the end of the trading day, the stock’s price was $9.85, reflecting an intraday loss of -3.43% or -$0.35. The 52-week high for the AMC share is $20.36, that puts it down -106.7% from that peak though still a striking +80.61% gain since the share price plummeted to a 52-week low of $1.91. The company’s market capitalization is $4.94 Billion, and the average intraday trading volume over the past 10 days was 45.91 Million shares, and the average trade volume was 178.73 Million shares over the past three months.
AMC Entertainment Holdings, Inc. (AMC) received a consensus recommendation of Underweight from analysts. That translates to a mean rating of 3.6. AMC has a Sell rating from 4 analyst(s) out of 9 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 1 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$1.25.
AMC Entertainment Holdings, Inc. (NYSE:AMC): Trading Information
AMC Entertainment Holdings, Inc. (AMC) registered a -3.43% downside in the last session and has traded in the red over the past 5 sessions. The stock spiked 12.44% in intraday trading to $11.25 this Monday, Apr 05, hitting a weekly high. The stock’s 5-day price performance is -4.83%, and it has moved by 22.36% in 30 days. Based on these gigs, the overall price performance for the year is 364.62%. The short interest in AMC Entertainment Holdings, Inc. (NYSE:AMC) is 49.31 Million shares and it means that shorts have 0.28 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.29, which implies a decline of -56.45% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $13 respectively. As a result, AMC is trading at a discount of 31.98% off the target high and -89.85% off the low.
AMC Entertainment Holdings, Inc. (AMC) projections and forecasts
Statistics show that AMC Entertainment Holdings, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. AMC Entertainment Holdings, Inc. (AMC) shares have gone up +138.5% during the last six months, with a year-to-date growth rate less than the industry average at -83.34% against 33%. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 94% this quarter and then jump 83.5% in the quarter after that. In the rating firms’ projections, revenue will increase 100.9% compared to the previous financial year.
Revenue for the current quarter is expected to be $158.32 Million as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $385.71 Million by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarter totaled $951.43 Million. In this case, analysts expect current quarter sales to lessen by -83.4%.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.01%. While earnings are projected to return 92.3% in 2021, the next five years will return 0% per annum.
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AMC Entertainment Holdings, Inc. (NYSE:AMC)’s Biggest Investors
AMC Entertainment Holdings, Inc. insiders own 10.2% of total outstanding shares while institutional holders control 9.27%, with the float percentage being 10.33%. Mudrick Capital Management, L.P. is the largest shareholder of the company, while 239 institutions own stock in it. As of Dec 30, 2020, the company held over 9.13 Million shares (or 2.03% of all shares), a total value of $19.37 Million in shares.
The next largest institutional holding, with 7.66 Million shares, is of Vanguard Group, Inc. (The)’s that is approximately 1.7% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $16.25 Million.
Also, the Mutual Funds coming in first place with the largest holdings of AMC Entertainment Holdings, Inc. (AMC) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 2,382,581 shares. This amounts to just over 0.53 percent of the company’s overall shares, with a $5.05 Million market value. The same data shows that the other fund manager holds slightly less at 1.92 Million, or about 0.43% of the stock, which is worth about $4.06 Million.