In the latest trading session, 1.4 million AMC Entertainment Holdings Inc (NYSE:AMC) shares changed hands as the company’s beta touched 1.86. With the company’s most recent per share price at $4.43 changing hands around $0.03 or 0.68% at last look, the market valuation stands at $1.60B. AMC’s current price is a discount, trading about -168.17% off its 52-week high of $11.88. The share price had its 52-week low at $2.38, which suggests the last value was 46.28% up since then. When we look at AMC Entertainment Holdings Inc’s average trading volume, we note the 10-day average is 11.63 million shares, with the 3-month average coming to 12.84 million.
Analysts gave the AMC Entertainment Holdings Inc (AMC) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.86. If we narrow down to specifics, the data shows that 3 out of 7 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 3 recommended AMC as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight.
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AMC Entertainment Holdings Inc (NYSE:AMC) trade information
Instantly AMC is in green as seen in intraday trades today. With action 1.14%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -27.62%, with the 5-day performance at 1.14% in the green. However, in the 30-day time frame, AMC Entertainment Holdings Inc (NYSE:AMC) is -4.32% down. Looking at the short shares, we see there were 50.44 million shares sold at short interest cover period of 6.21 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need a downside of -10.75% from its recent market value. According to analyst projections, AMC’s forecast low is 3.5 with 8 as the target high. To hit the forecast high, the stock’s price needs a -80.59% plunge from its current level, while the stock would need to tank 20.99% for it to hit the projected low.
AMC Entertainment Holdings Inc (AMC) estimates and forecasts
Data shows that the AMC Entertainment Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 46.69% over the past 6 months, a 64.14% in annual growth rate that is considerably higher than the industry average of 6.90%.
The 2024 estimates are for AMC Entertainment Holdings Inc earnings to increase by 50.60%.
AMC Dividends
AMC Entertainment Holdings Inc is expected to release its next quarterly earnings report on 2024-Nov-06. During the past 5 years, the average dividend yield was 6.02 per year.
AMC Entertainment Holdings Inc (NYSE:AMC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.28% of AMC Entertainment Holdings Inc shares while 40.25% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 40.37%. There are 40.25% institutions holding the AMC Entertainment Holdings Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.5845% of the shares, roughly 30.51 million AMC shares worth $151.96 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.8995% or 20.81 million shares worth $103.62 million as of 2024-06-30.
