Does AMC Entertainment Holdings Inc (NYSE: AMC) Still Look Attractive After A -2.95% Selloff Last Week?

During the recent session, AMC Entertainment Holdings Inc (NYSE:AMC)’s traded shares were 2.58 million, with the beta value of the company hitting 1.87. At the last check today, the stock’s price was $5.11, reflecting an intraday gain of 0.10% or $0.01. The 52-week high for the AMC share is $54.97, that puts it down -975.73 from that peak though still a striking 53.42% gain since the share price plummeted to a 52-week low of $2.38. The company’s market capitalization is $1.51B, and the average intraday trading volume over the past 10 days was 18.36 million shares, and the average trade volume was 60.18 million shares over the past three months.

AMC Entertainment Holdings Inc (AMC) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.86. AMC has a Sell rating from 3 analyst(s) out of 8 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight.

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AMC Entertainment Holdings Inc (NYSE:AMC) trade information

AMC Entertainment Holdings Inc (AMC) registered a 0.10% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.10% in intraday trading to $5.11, hitting a weekly high. The stock’s 5-day price performance is -2.95%, and it has moved by 5.04% in 30 days. Based on these gigs, the overall price performance for the year is -86.76%. The short interest in AMC Entertainment Holdings Inc (NYSE:AMC) is 53.87 million shares and it means that shorts have 1.1 day(s) to cover.

The extremes of the forecast give a target low and a target high price of $3.5 and $4 respectively. As a result, AMC is trading at a premium of 21.72% off the target high and 31.51% off the low.

AMC Entertainment Holdings Inc (AMC) estimates and forecasts

Statistics show that AMC Entertainment Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. AMC Entertainment Holdings Inc (AMC) shares have gone up 15.24% during the last six months, with a year-to-date growth rate more than the industry average at 64.56% against 12.90.

While earnings are projected to return 36.56% in 2024.

AMC Dividends

AMC Entertainment Holdings Inc is due to release its next quarterly earnings in August. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 6.02%.

AMC Entertainment Holdings Inc (NYSE:AMC)’s Major holders

The next largest institutional holding, with 8.7 million shares, is of RENAISSANCE TECHNOLOGIES LLC’s that is approximately 3.303% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $32.37 million.