In today’s recent session, 3.18 million shares of the AMC Entertainment Holdings Inc (NYSE:AMC) have been traded, and its beta is 1.86. Most recently the company’s share price was $4.05, and it changed around -$0.12 or -2.88% from the last close, which brings the market valuation of the company to $1.51B. AMC at last check was trading at a discount to its 52-week high of $11.88, offering almost -193.33% off that amount. The share price’s 52-week low was $2.38, which indicates that the recent value has risen by an impressive 41.23% since then. We note from AMC Entertainment Holdings Inc’s average daily trading volume that its 10-day average is 8.68 million shares, with the 3-month average coming to 11.98 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 been showing red trend so far today with a performance of -2.88% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.51 on recent trading dayincreased the stock’s daily price by 10.2%. The company’s shares are currently down -33.82% year-to-date, but still down -7.32% over the last five days. On the other hand, AMC Entertainment Holdings Inc (NYSE:AMC) is -18.18% down in the 30-day period. We can see from the shorts that 50.44 million shares have been sold at a short interest cover period of 6.21 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to decrease their stock price by -1.25% from its current value. Analyst projections state that AMC is forecast to be at a low of $3.5 and a high of $8.
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 43.11 percent over the past six months and at a 64.98% annual growth rate that is well above the industry average of 8.50%.
AMC Dividends
AMC Entertainment Holdings Inc’s next quarterly earnings report is expected to be released on 2024-Nov-06. 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 0.28% of AMC Entertainment Holdings Inc shares, and 40.07% of them are in the hands of institutional investors. The stock currently has a share float of 40.19%. AMC Entertainment Holdings Inc stock is held by 314.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.5845% of the shares, which is about 30.51 million shares worth $151.96 million.
BLACKROCK INC., with 7.8995% or 20.81 million shares worth $103.62 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
