In today’s recent session, 0.56 million shares of the AMC Networks Inc (NASDAQ:AMCX) have been traded, and its beta is 1.26. Most recently the company’s share price was $14.98, and it changed around $1.74 or 13.14% from the last close, which brings the market valuation of the company to $659.72M. AMCX at last check was trading at a discount to its 52-week high of $20.97, offering almost -39.99% off that amount. The share price’s 52-week low was $9.87, which indicates that the recent value has risen by an impressive 34.11% since then. We note from AMC Networks Inc’s average daily trading volume that its 3-month average coming to 690.33K.
AMC Networks Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.89. If we narrow it down even further, the data shows that 2 out of 19 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 10 recommended AMCX as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. AMC Networks Inc is expected to report earnings per share of $1.5 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
AMC Networks Inc (NASDAQ:AMCX) trade information
Instantly AMCX has been showing a green trend so far today with a performance of 13.14% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -20.28% year-to-date, but still up 19.65% over the last five days. On the other hand, AMC Networks Inc (NASDAQ:AMCX) is 41.59% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $26.67, which translates to bulls needing to increase their stock price by 43.83% from its current value. Analyst projections state that AMCX is forecast to be at a low of $19 and a high of $34.
AMC Networks Inc (AMCX) estimates and forecasts
AMC Networks Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 11.21 percent over the past six months and at a -4.58% annual growth rate that is well below the industry average of 25.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -25.70% in revenue this quarter, and will report a decrease of -17.80% in the next quarter. The year-over-year growth rate is expected to be -11.00%, down from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $606.04 million in revenue for the current quarter. 6 analysts expect AMC Networks Inc to make $590.19 million in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $678.63 million and $636.95 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.70%. Forecasts for the next quarter put sales growth at -7.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -8.34%. AMC Networks Inc earnings are expected to increase by -20.65% in 2024, but the outlook is negative -12.20% per year for the next five years.
