In last trading session, AMC Entertainment Holdings Inc (NYSE:AMC) saw 23.77 million shares changing hands with its beta currently measuring 1.87. Company’s recent per share price level of $4.69 trading at -$0.39 or -7.68% at ring of the bell on the day assigns it a market valuation of $1.39B. That closing price of AMC’s stock is at a discount of -1072.07% from its 52-week high price of $54.97 and is indicating a premium of 49.25% from its 52-week low price of $2.38. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 19.56 million shares which gives us an average trading volume of 60.14 million if we extend that period to 3-months.
For AMC Entertainment Holdings Inc (AMC), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.86. Splitting up the data highlights that, out of 8 analysts covering the stock, 3 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.47 in the current quarter.
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AMC Entertainment Holdings Inc (NYSE:AMC) trade information
Upright in the red during last session for losing -7.68%, in the last five days AMC remained trading in the red while hitting it’s week-highest on Monday, 07/22/24 when the stock touched $4.69 price level, adding 18.58% to its value on the day. AMC Entertainment Holdings Inc’s shares saw a change of -23.37% in year-to-date performance and have moved -13.47% in past 5-day. AMC Entertainment Holdings Inc (NYSE:AMC) showed a performance of 2.63% in past 30-days. Number of shares sold short was 53.87 million shares which calculate 1.1 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3.75 to the stock, which implies a fall of -25.07% to its current value. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 4. It follows that stock’s current price would jump 25.37% in reaching the projected high whereas dropping to the targeted low would mean a gain of 25.37% for stock’s current value.
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 added 8.31% of value to its shares in past 6 months, showing an annual growth rate of 64.56% while that of industry is 13.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -4.40% 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 1.03B for the same. And 7 analysts are in estimates of company making revenue of 1.3B in the next quarter.
AMC Dividends
AMC Entertainment Holdings Inc is more likely to be releasing its next quarterly report in August 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 0.24% of company’s total shares while institution are holding 26.20 percent of that, with stock having share float percentage of 26.26%. Investors also watch the number of corporate investors in a company very closely, which is 26.20% 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 24.8 million shares of worth $92.27 million. And as of 2024-03-31, it was holding 9.4167 of the company’s outstanding shares.
The second largest institutional holder is RENAISSANCE TECHNOLOGIES LLC, which was holding about 8.7 million shares on 2024-03-31. The number of shares represents firm’s hold over 3.303 of outstanding shares, having a total worth of $32.37 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 Mar 31, 2024 , the former fund manager was holding 7.96 shares of worth $37.36 million or 2.69% of the total outstanding shares. The later fund manager was in possession of 6.3 shares on Mar 31, 2024 , making its stake of worth around $29.55 million in the company or a holder of 2.13% of company’s stock.
