AMC Entertainment Holdings Inc (NYSE:AMC) has a beta value of 1.84 and has seen 3.95 million shares traded in the recent trading session. The company, currently valued at $1.61B, closed the recent trade at $4.45 per share which meant it lost -$0.07 on the day or -1.55% during that session. The AMC stock price is -166.97% off its 52-week high price of $11.88 and 46.52% above the 52-week low of $2.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.3 million shares traded. The 3-month trading volume is 14.00 million shares.
The consensus among analysts is that AMC Entertainment Holdings Inc (AMC) is Hold stock at the moment, with a recommendation rating of 3.86. 3 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 7 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.
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AMC Entertainment Holdings Inc (NYSE:AMC) trade information
Sporting -1.55% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AMC stock price touched $4.45 or saw a rise of 9.0%. Year-to-date, AMC Entertainment Holdings Inc shares have moved -27.29%, while the 5-day performance has seen it change -6.90%. Over the past 30 days, the shares of AMC Entertainment Holdings Inc (NYSE:AMC) have changed -11.88%. Short interest in the company has seen 50.66 million shares shorted with days to cover at 4.83.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -11.25% from the levels at last check today. The projected low price target is $3.5 while the price target rests at a high of $8.0. In that case, then, we find that the latest price level in today’s session is -79.78% off the targeted high while a plunge would see the stock lose 21.35% from the levels at last check today.
AMC Entertainment Holdings Inc (AMC) estimates and forecasts
Figures show that AMC Entertainment Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 9.34% over the past 6 months, with this year growth rate of 64.14%, compared to 5.50% for the industry.
AMC Dividends
AMC Entertainment Holdings Inc is expected to release its next earnings report on 2024-Nov-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
AMC Entertainment Holdings Inc (NYSE:AMC)’s Major holders
Insiders own 0.28% of the company shares, while shares held by institutions stand at 40.20% with a share float percentage of 40.32%. Investors are also buoyed by the number of investors in a company, with AMC Entertainment Holdings Inc having a total of 312.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 30.51 million shares worth more than $151.96 million. As of 2024-06-30, VANGUARD GROUP INC held 11.5845% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 20.81 million shares as of 2024-06-30. The firm’s total holdings are worth over $103.62 million and represent 7.8995% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Jun 30, 2024, the former fund manager holds about 2.61% shares in the company for having 9.43 shares of worth $41.85 million while later fund manager owns 7.48 shares of worth $33.22 million as of Aug 31, 2024, which makes it owner of about 2.07% of company’s outstanding stock.
