AMC Entertainment Holdings Inc (NYSE:AMC) Is 48.26% Above Its 52-Week Low, But How Long Will It Remain So?

In recent trading session, AMC Entertainment Holdings Inc (NYSE:AMC) saw 1.79 million shares changing hands at last check today with its beta currently measuring 1.84. Company’s recent per share price level of $4.60 trading at $0.06 or 1.32% at last check today assigns it a market valuation of $1.66B. That most recent trading price of AMC’s stock is at a discount of -158.26% from its 52-week high price of $11.88 and is indicating a premium of 48.26% 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 11.11 million shares which gives us an average trading volume of 13.78 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 7 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 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.13 in the current quarter.

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AMC Entertainment Holdings Inc (NYSE:AMC) trade information

Upright in the green today for gaining 1.32%, in the last five days AMC remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $4.60 price level, adding 2.54% to its value on the day. AMC Entertainment Holdings Inc’s shares saw a change of -24.84% in year-to-date performance and have moved -3.36% in past 5-day. AMC Entertainment Holdings Inc (NYSE:AMC) showed a performance of -2.96% in past 30-days. Number of shares sold short was 50.44 million shares which calculate 6.21 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a fall of -15.0% to its recent value today. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 8. It follows that stock’s current price would jump 23.91% in reaching the projected high whereas dropping to the targeted low would mean a gain of 23.91% 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 23.65% of value to its shares in past 6 months, showing an annual growth rate of 64.14% while that of industry is 7.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -4.90% 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 1.28B for the same. And 7 analysts are in estimates of company making revenue of 1.31B in the next quarter.

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

Insiders are in possession of 0.28% of company’s total shares while institution are holding 40.20 percent of that, with stock having share float percentage of 40.32%. Investors also watch the number of corporate investors in a company very closely, which is 40.20% 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 30.51 million shares of worth $151.96 million. And as of 2024-06-30, it was holding 11.5845 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 20.81 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.8995 of outstanding shares, having a total worth of $103.62 million.