AMC Entertainment Holdings Inc (NYSE:AMC)’s traded shares stood at 12.86 million during the last session, with the company’s beta value hitting 1.66. At the close of trading, the stock’s price was $4.34, to imply an increase of 6.63% or $0.27 in intraday trading. The AMC share’s 52-week high remains $54.97, putting it -1166.59% down since that peak but still an impressive 17.28% since price per share fell to its 52-week low of $3.59. The company has a valuation of $1.14B, with an average of 10.23 million shares in intraday trading volume over the past 10 days and average of 13.94 million shares over the past 3 months.
AMC Entertainment Holdings Inc (NYSE:AMC) trade information
After registering a 6.63% upside in the last session, AMC Entertainment Holdings Inc (AMC) has traded red over the past five days. The stock hit a weekly high of 4.37, jumping 6.63% in its intraday price action. The 5-day price performance for the stock is 2.12%, and -9.77% over 30 days. With these gigs, the year-to-date price performance is -29.08%. Short interest in AMC Entertainment Holdings Inc (NYSE:AMC) saw shorts transact 31.75 million shares and set a 2.23 days time to cover.
AMC Entertainment Holdings Inc (AMC) estimates and forecasts
Looking at statistics comparing AMC Entertainment Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. AMC Entertainment Holdings Inc (AMC) shares are -45.13% down over the last 6 months, with its year-to-date growth rate higher than industry average at 28.27% against 10.70%. Revenue is forecast to grow 52.00% this quarter before falling -400.00% for the next one. The rating firms project that company’s revenue will shrink -6.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is $839.6 million. Meanwhile, for the quarter ending Jun 2024, a total of 7 analyst(s) estimate revenue growth to $1.18 billion.Earnings reports from the last fiscal year show that sales brought in $954.4 million and $1.35 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -12.00% before dropping -12.80% in the following quarter.
AMC Dividends
AMC Entertainment Holdings Inc has its next earnings report out between May 03 and May 07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. AMC Entertainment Holdings Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
AMC Entertainment Holdings Inc (NYSE:AMC)’s Major holders
AMC Entertainment Holdings Inc insiders hold 0.38% of total outstanding shares, with institutional holders owning 35.87% of the shares at 36.01% float percentage. In total, 35.87% institutions holds shares in the company, led by Vanguard Group Inc. As of Jun 29, 2023, the company held over 5.04 million shares (or 0.97% of shares), all amounting to roughly $195.63 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 2.06 million shares, or about 0.40% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $79.85 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the AMC Entertainment Holdings Inc (AMC) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 1.62 million shares. This is just over 0.31% of the total shares, with a market valuation of $62.95 million. Data from the same date shows that the other fund manager holds a little less at 1.34 million, or 0.26% of the shares, all valued at about 52.04 million.
