During the recent session, AMC Entertainment Holdings Inc (NYSE:AMC)’s traded shares were 1.99 million, with the beta value of the company hitting 1.85. At the last check today, the stock’s price was $4.44, reflecting an intraday loss of -2.59% or -$0.12. The 52-week high for the AMC share is $11.88, that puts it down -167.57 from that peak though still a striking 46.4% gain since the share price plummeted to a 52-week low of $2.38. The company’s market capitalization is $1.65B, and the average intraday trading volume over the past 10 days was 6.01 million shares, and the average trade volume was 8.87 million shares over the past three months.
AMC Entertainment Holdings Inc (AMC) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.86. AMC has a Sell rating from 3 analyst(s) out of 7 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 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 -0.11.
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AMC Entertainment Holdings Inc (NYSE:AMC) trade information
AMC Entertainment Holdings Inc (AMC) registered a -2.59% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.59% in intraday trading to $4.44, hitting a weekly high. The stock’s 5-day price performance is 1.88%, and it has moved by 1.64% in 30 days. Based on these gigs, the overall price performance for the year is -58.41%. The short interest in AMC Entertainment Holdings Inc (NYSE:AMC) is 52.76 million shares and it means that shorts have 5.73 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.75, which implies a decrease of -18.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.2 and $8 respectively. As a result, AMC is trading at a discount of -80.18% off the target high and 27.93% off the low.
AMC Entertainment Holdings Inc (AMC) estimates and forecasts
Statistics show that AMC Entertainment Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. AMC Entertainment Holdings Inc (AMC) shares have gone up 41.91% during the last six months, with a year-to-date growth rate more than the industry average at 63.71% against 12.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -237.50% this quarter and then jump 88.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -4.00% 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 1.33B as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 1.31B by the end of current fiscal year.
While earnings are projected to return 50.89% in 2024.
AMC Dividends
AMC Entertainment Holdings Inc is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 6.02%.
AMC Entertainment Holdings Inc (NYSE:AMC)’s Major holders
AMC Entertainment Holdings Inc insiders own 0.28% of total outstanding shares while institutional holders control 40.07%, with the float percentage being 40.19%. VANGUARD GROUP INC is the largest shareholder of the company, while 314.0 institutions own stock in it. As of 2024-06-30, the company held over 30.51 million shares (or 11.5845% of all shares), a total value of $151.96 million in shares.
The next largest institutional holding, with 20.81 million shares, is of BLACKROCK INC.’s that is approximately 7.8995% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $103.62 million.
