During the last session, AMC Networks Inc (NASDAQ:AMCX)’s traded shares were 0.59 million, with the beta value of the company hitting 1.29. At the end of the trading day, the stock’s price was $7.98, reflecting an intraday gain of 0.38% or $0.03. The 52-week high for the AMCX share is $20.97, that puts it down -162.78 from that peak though still a striking 11.28% gain since the share price plummeted to a 52-week low of $7.08. The company’s market capitalization is $351.92M, and the average intraday trading volume over the past 10 days was 0.81 million shares, and the average trade volume was 1.27 million shares over the past three months.
AMC Networks Inc (AMCX) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.88. AMCX has a Sell rating from 2 analyst(s) out of 4 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.8.
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AMC Networks Inc (NASDAQ:AMCX) trade information
AMC Networks Inc (AMCX) registered a 0.38% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.38% in intraday trading to $7.98, hitting a weekly high. The stock’s 5-day price performance is -4.20%, and it has moved by -3.27% in 30 days. Based on these gigs, the overall price performance for the year is -34.32%. The short interest in AMC Networks Inc (NASDAQ:AMCX) is 7.52 million shares and it means that shorts have 3.15 day(s) to cover.
The consensus price target of analysts on Wall Street is $27, which implies an increase of 70.44% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $19 and $34 respectively. As a result, AMCX is trading at a discount of -326.07% off the target high and -138.1% off the low.
AMC Networks Inc (AMCX) estimates and forecasts
Statistics show that AMC Networks Inc has underperformed its competitors in share price, compared to the industry in which it operates. AMC Networks Inc (AMCX) shares have gone down -24.57% during the last six months, with a year-to-date growth rate less than the industry average at -32.50% against 13.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -56.80% this quarter and then jump 106.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -10.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 588.05M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 614.84M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 636.95M and 678.85M respectively. In this case, analysts expect current quarter sales to shrink by -7.70% and then drop by -9.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -8.34%. While earnings are projected to return -29.48% in 2024, the next five years will return -3.60% per annum.
AMCX Dividends
AMC Networks Inc is due to release its next quarterly earnings on 2024-Nov-01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
AMC Networks Inc (NASDAQ:AMCX)’s Major holders
AMC Networks Inc insiders own 7.14% of total outstanding shares while institutional holders control 128.00%, with the float percentage being 137.84%. PACER ADVISORS, INC. is the largest shareholder of the company, while 280.0 institutions own stock in it. As of 2024-06-30, the company held over 10.2 million shares (or 23.1469% of all shares), a total value of $98.54 million in shares.
The next largest institutional holding, with 5.36 million shares, is of BLACKROCK INC.’s that is approximately 12.1735% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $51.82 million.
