During the last session, AMC Networks Inc (NASDAQ:AMCX)’s traded shares were 0.71 million, with the beta value of the company hitting 1.35. At the end of the trading day, the stock’s price was $9.41, reflecting an intraday loss of -4.18% or -$0.41. The 52-week high for the AMCX share is $20.97, that puts it down -122.85 from that peak though still a striking 24.76% gain since the share price plummeted to a 52-week low of $7.08. The company’s market capitalization is $415.18M, and the average intraday trading volume over the past 10 days was 0.97 million shares, and the average trade volume was 1.30 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 3.62. 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 1.05.
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AMC Networks Inc (NASDAQ:AMCX) trade information
AMC Networks Inc (AMCX) registered a -4.18% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -4.18% in intraday trading to $9.41, hitting a weekly high. The stock’s 5-day price performance is 1.73%, and it has moved by 15.82% in 30 days. Based on these gigs, the overall price performance for the year is -38.94%. The short interest in AMC Networks Inc (NASDAQ:AMCX) is 7.37 million shares and it means that shorts have 10.48 day(s) to cover.
The consensus price target of analysts on Wall Street is $19, which implies an increase of 50.47% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $34 respectively. As a result, AMCX is trading at a discount of -261.32% off the target high and 4.36% 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 -42.73% during the last six months, with a year-to-date growth rate less than the industry average at -43.19% against 17.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 45.16% this quarter and then drop -3.02% in the quarter after that. In the rating firms’ projections, revenue will decrease -10.19% 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 611.26M as predicted by 6 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 592.92M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 678.85M and 596.46M respectively. In this case, analysts expect current quarter sales to shrink by -9.96% and then drop by -0.59% 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 -38.78% in 2024, the next five years will return -5.20% per annum.
AMCX Dividends
AMC Networks Inc is due to release its next quarterly earnings in December. 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 107.28%, with the float percentage being 115.53%. PACER ADVISORS, INC. is the largest shareholder of the company, while 269.0 institutions own stock in it. As of 2024-06-30, the company held over 10.2 million shares (or 22.9397% 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.
Also, the Mutual Funds coming in first place with the largest holdings of AMC Networks Inc (AMCX) shares are Pacer Small Cap U.S. Cash Cows 100 ETF and Vanguard Total Stock Market Index Fund . Data provided on Jul 31, 2024 indicates that Pacer Small Cap U.S. Cash Cows 100 ETF owns about 10.11 shares. This amounts to just over 30.97 percent of the company’s overall shares, with a $95.12 million market value. The same data shows that the other fund manager holds slightly less at 952.25, or about 2.92% of the stock, which is worth about $8.96 million.
