In recent trading session, AMC Entertainment Holdings Inc (NYSE:AMC) saw 2.2 million shares changing hands at last check today with its beta currently measuring 1.66. Company’s recent per share price level of $4.25 trading at $0.0 or 0.00% at last check today assigns it a market valuation of $1.12B. That most recent trading price of AMC’s stock is at a discount of -1193.41% from its 52-week high price of $54.97 and is indicating a premium of 15.53% from its 52-week low price of $3.59. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.75 million shares which gives us an average trading volume of 14.51 million if we extend that period to 3-months.
AMC Entertainment Holdings Inc (NYSE:AMC) trade information
In the last five days AMC remained trading in the red while hitting it’s week-highest on Friday, 03/15/24 when the stock touched $4.25 price level, adding 6.39% to its value on the day. AMC Entertainment Holdings Inc’s shares saw a change of -30.56% in year-to-date performance and have moved -0.47% in past 5-day. AMC Entertainment Holdings Inc (NYSE:AMC) showed a performance of -7.00% in past 30-days. Number of shares sold short was 31.75 million shares which calculate 2.23 days to cover the short interests.
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 lost -47.92% of value to its shares in past 6 months, showing an annual growth rate of 28.27% while that of industry is 10.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 52.00% in the current quarter and calculating -400.00% decrease in the next quarter. This year revenue growth is estimated to fall -6.60% 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 $839.6 million for the same. And 7 analysts are in estimates of company making revenue of $1.18 billion in the next quarter that will end on Jun 2024. Company posted $954.4 million and $1.35 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -12.00% while estimating it to be -12.80% for the next quarter.
AMC Dividends
AMC Entertainment Holdings Inc is more likely to be releasing its next quarterly report between May 03 and May 07 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 0.38% of company’s total shares while institution are holding 35.87 percent of that, with stock having share float percentage of 36.01%. Investors also watch the number of corporate investors in a company very closely, which is 35.87% institutions for AMC Entertainment Holdings Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at AMC for having 20.19 million shares of worth $86.4 million. And as of Dec 30, 2023, it was holding 7.67% of the company’s outstanding shares.
The second largest institutional holder is Shaw D.E. & Co., Inc., which was holding about 9.36 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 3.55% of outstanding shares, having a total worth of $40.04 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 6.33 million shares of worth $27.07 million or 2.40% of the total outstanding shares. The later fund manager was in possession of 5.05 million shares on Dec 30, 2023, making its stake of worth around $21.61 million in the company or a holder of 1.92% of company’s stock.
