In last trading session, AMC Entertainment Holdings Inc. (NYSE:AMC) saw 37.26 million shares changing hands with its beta currently measuring 1.66. Company’s recent per share price level of $7.64 trading at $0.32 or 4.37% at ring of the bell on the day assigns it a market valuation of $3.84B. That closing price of AMC’s stock is at a discount of -237.96% from its 52-week high price of $25.82 and is indicating a premium of 33.9% from its 52-week low price of $5.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 31.86 million shares which gives us an average trading volume of 26.95 million if we extend that period to 3-months.
For AMC Entertainment Holdings Inc. (AMC), analysts’ consensus is at an average recommendation of an Underweight while assigning it a mean rating of 3.90. Splitting up the data highlights that, out of 8 analysts covering the stock, 5 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.24 in the current quarter.
AMC Entertainment Holdings Inc. (NYSE:AMC) trade information
Upright in the green during last session for gaining 4.37%, in the last five days AMC remained trading in the green while hitting it’s week-highest on Wednesday, 11/23/22 when the stock touched $7.64 price level, adding 4.38% to its value on the day. AMC Entertainment Holdings Inc.’s shares saw a change of -54.28% in year-to-date performance and have moved 1.46% in past 5-day. AMC Entertainment Holdings Inc. (NYSE:AMC) showed a performance of 13.19% in past 30-days. Number of shares sold short was 104.36 million shares which calculate 4.09 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $2.68 to the stock, which implies a fall of -185.07% to its current value. Analysts have been projecting $0.50 as a low price target for the stock while placing it at a high target of $7.50. It follows that stock’s current price would jump 1.83% in reaching the projected high whereas dropping to the targeted low would mean a gain of 93.46% for stock’s current value.
AMC Entertainment Holdings Inc. (AMC) estimates and forecasts
Statistics highlight that AMC Entertainment Holdings Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 4.68% of value to its shares in past 6 months, showing an annual growth rate of 48.00% while that of industry is 14.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 45.50% in the current quarter and calculating 53.80% increase in the next quarter. This year revenue growth is estimated to rise 64.60% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $961.09 million for the same. And 7 analysts are in estimates of company making revenue of $1.23 billion in the next quarter that will end on Dec 2022. Company posted $763.2 million and $1.17 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 25.90% while estimating it to be 4.90% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -34.20% during past 5 years.
AMC Entertainment Holdings Inc. is more likely to be releasing its next quarterly report on November 08 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
AMC Entertainment Holdings Inc. (NYSE:AMC)’s Major holders
Insiders are in possession of 0.19% of company’s total shares while institution are holding 28.49 percent of that, with stock having share float percentage of 28.54%. Investors also watch the number of corporate investors in a company very closely, which is 28.49% institutions for AMC Entertainment Holdings Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at AMC for having 95.18 million shares of worth $1.29 billion. And as of Jun 29, 2022, it was holding 18.42% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 51.77 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 10.02% of outstanding shares, having a total worth of $701.44 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 30.41 million shares of worth $411.99 million or 5.88% of the total outstanding shares. The later fund manager was in possession of 13.89 million shares on Jun 29, 2022, making its stake of worth around $188.26 million in the company or a holder of 2.69% of company’s stock.