In the last trading session, 7.77 million shares of the AMC Entertainment Holdings Inc (NYSE:AMC) were traded, and its beta was 1.87. Most recently the company’s share price was $4.65, and it changed around -$0.29 or -5.87% from the last close, which brings the market valuation of the company to $1.68B. AMC currently trades at a discount to its 52-week high of $48.18, offering almost -936.13% off that amount. The share price’s 52-week low was $2.38, which indicates that the current value has risen by an impressive 48.82% since then. We note from AMC Entertainment Holdings Inc’s average daily trading volume that its 10-day average is 19.59 million shares, with the 3-month average coming to 59.65 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.
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AMC Entertainment Holdings Inc (NYSE:AMC) trade information
Instantly AMC has showed a red trend with a performance of -5.87% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.43 on recent trading dayincreased the stock’s daily price by 14.36%. The company’s shares are currently down -24.02% year-to-date, but still down -10.06% over the last five days. On the other hand, AMC Entertainment Holdings Inc (NYSE:AMC) is -7.92% down in the 30-day period. We can see from the shorts that 53.74 million shares have been sold at a short interest cover period of 2.57 day(s).
The consensus price target as assigned by Wall Street analysts is $3.75, which translates to bulls needing to decrease their stock price by -24.0% from its current value. Analyst projections state that AMC is forecast to be at a low of $3.5 and a high of $4.
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 risen 15.96 percent over the past six months and at a 79.75% annual growth rate that is well above the industry average of 13.20%.
AMC Dividends
The average dividend yield for the past five years averaged 6.02 per year.
AMC Entertainment Holdings Inc (NYSE:AMC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.24% of AMC Entertainment Holdings Inc shares, and 33.31% of them are in the hands of institutional investors. The stock currently has a share float of 33.40%. AMC Entertainment Holdings Inc stock is held by 305.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-03-31, it held 9.4167% of the shares, which is about 24.8 million shares worth $92.27 million.
RENAISSANCE TECHNOLOGIES LLC, with 3.303% or 8.7 million shares worth $32.37 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
