In the latest trading session, 6.84 million AMC Entertainment Holdings Inc (NYSE:AMC) shares changed hands as the company’s beta touched 1.91. With the company’s most recent per share price at $4.89 changed hands at -$0.15 or -2.96% at last look, the market valuation stands at $1.84B. AMC’s current price is a discount, trading about -142.94% off its 52-week high of $11.88. The share price had its 52-week low at $2.38, which suggests the last value was 51.33% up since then. When we look at AMC Entertainment Holdings Inc’s average trading volume, we note the 10-day average is 14.59 million shares, with the 3-month average coming to 10.11 million.
Analysts gave the AMC Entertainment Holdings Inc (AMC) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.86. If we narrow down to specifics, the data shows that 3 out of 7 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 3 recommended AMC as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. AMC Entertainment Holdings Inc’s EPS for the current quarter is expected to be -0.17.
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AMC Entertainment Holdings Inc (NYSE:AMC) trade information
Instantly AMC was in red as seen in intraday trades today. With action 0.64%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -20.08%, with the 5-day performance at 0.64% in the green. However, in the 30-day time frame, AMC Entertainment Holdings Inc (NYSE:AMC) is 8.45% up. Looking at the short shares, we see there were 49.81 million shares sold at short interest cover period of 5.14 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.75, meaning bulls need a downside of -30.4% from its recent market value. According to analyst projections, AMC’s forecast low is 3.2 with 8 as the target high. To hit the forecast high, the stock’s price needs a -63.6% plunge from its current level, while the stock would need to tank 34.56% for it to hit the projected low.
AMC Entertainment Holdings Inc (AMC) estimates and forecasts
Data shows that the AMC Entertainment Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 2.11% over the past 6 months, a 59.07% in annual growth rate that is considerably higher than the industry average of 10.80%. Year-over-year growth is forecast to reach -3.80% down from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 1.3B. 3 analysts are of the opinion that AMC Entertainment Holdings Inc’s revenue for the current quarter will be 1.05B. The company’s revenue for the corresponding quarters a year ago was 1.1B and 951.4M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.90%. The estimates for the next quarter sales put growth at 9.94%.
The 2024 estimates are for AMC Entertainment Holdings Inc earnings to increase by 48.08%.
AMC Dividends
AMC Entertainment Holdings Inc is expected to release its next quarterly earnings report in January. During the past 5 years, the average dividend yield was 6.02 per year.
AMC Entertainment Holdings Inc (NYSE:AMC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.27% of AMC Entertainment Holdings Inc shares while 43.02% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 43.13%. There are 43.02% institutions holding the AMC Entertainment Holdings Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.489% of the shares, roughly 30.51 million AMC shares worth $151.96 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.8995% or 20.81 million shares worth $103.62 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 9.43 shares estimated at $46.0 million under it, the former controlled 2.51% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.41% of the shares, roughly 9.06 shares worth around $44.21 million.
