In today’s recent session, 4.31 million shares of the AMC Entertainment Holdings Inc (NYSE:AMC) have been traded, and its beta is 1.85. Most recently the company’s share price was $4.59, and it changed around $0.15 or 3.38% from the last close, which brings the market valuation of the company to $1.71B. AMC at last check was trading at a discount to its 52-week high of $11.88, offering almost -158.82% off that amount. The share price’s 52-week low was $2.38, which indicates that the recent value has risen by an impressive 48.15% since then. We note from AMC Entertainment Holdings Inc’s average daily trading volume that its 10-day average is 5.61 million shares, with the 3-month average coming to 8.95 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. AMC Entertainment Holdings Inc is expected to report earnings per share of -0.07 for the current quarter.
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AMC Entertainment Holdings Inc (NYSE:AMC) trade information
Instantly AMC has been showing a green trend so far today with a performance of 3.38% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.60 on recent trading dayincreased the stock’s daily price by 0.22%. The company’s shares are currently down -25.00% year-to-date, but still up 8.25% over the last five days. On the other hand, AMC Entertainment Holdings Inc (NYSE:AMC) is 4.32% up in the 30-day period. We can see from the shorts that 52.76 million shares have been sold at a short interest cover period of 5.73 day(s).
The consensus price target as assigned by Wall Street analysts is $3.75, which translates to bulls needing to decrease their stock price by -22.4% from its current value. Analyst projections state that AMC is forecast to be at a low of $3.2 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 54.55 percent over the past six months and at a 63.71% annual growth rate that is well above the industry average of 12.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -187.50% in revenue this quarter, and will report an increase of 88.00% in the next quarter. The year-over-year growth rate is expected to be -3.80%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 1.34B in revenue for the current quarter. 7 analysts expect AMC Entertainment Holdings Inc to make 1.3B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 18.00%.
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.
