In today’s recent session, 166.2 million shares of the AMC Entertainment Holdings Inc (NYSE:AMC) have been traded, and its beta is 1.87. Most recently the company’s share price was $5.20, and it changed around -$1.65 or -24.16% from the last close, which brings the market valuation of the company to $1.54B. AMC at last check was trading at a discount to its 52-week high of $54.97, offering almost -957.12% off that amount. The share price’s 52-week low was $2.38, which indicates that the recent value has risen by an impressive 54.23% since then. We note from AMC Entertainment Holdings Inc’s average daily trading volume that its 3-month average coming to 35.50 million.
AMC Entertainment Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.86. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 6 recommended AMC as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. AMC Entertainment Holdings Inc is expected to report earnings per share of -$0.3 for the current quarter.
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AMC Entertainment Holdings Inc (NYSE:AMC) trade information
Instantly AMC has been showing red trend so far today with a performance of -24.16% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -15.11% year-to-date, but still up 62.85% over the last five days. On the other hand, AMC Entertainment Holdings Inc (NYSE:AMC) is 90.99% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $3.5, which translates to bulls needing to decrease their stock price by -48.57% from its current value. Analyst projections state that AMC is forecast to be at a low of $3.5 and a high of $3.5.
AMC Entertainment Holdings Inc (AMC) estimates and forecasts
AMC Entertainment Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -34.24 percent over the past six months and at a 70.46% annual growth rate that is well above the industry average of 9.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -433.30% in revenue this quarter, and will report a decrease of -337.50% in the next quarter. The year-over-year growth rate is expected to be -4.30%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $1.14 billion in revenue for the current quarter. 7 analysts expect AMC Entertainment Holdings Inc to make $1.27 billion in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $1.35 billion. Analysts predict that the company’s current quarter sales will drop, forecast at -15.50%.
