AMC Entertainment Holdings Inc (NYSE:AMC) has a beta value of 1.92 and has seen 3.93 million shares traded in the recent trading session. The company, currently valued at $1.64B, closed the recent trade at $4.30 per share which meant it gained $0.05 on the day or 1.18% during that session. The AMC stock price is -176.28% off its 52-week high price of $11.88 and 44.65% above the 52-week low of $2.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 22.72 million shares traded. The 3-month trading volume is 12.50 million shares.
The consensus among analysts is that AMC Entertainment Holdings Inc (AMC) is Hold stock at the moment, with a recommendation rating of 3.86. 3 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 7 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.14.
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AMC Entertainment Holdings Inc (NYSE:AMC) trade information
Sporting 1.18% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AMC stock price touched $4.30 or saw a rise of 3.8%. Year-to-date, AMC Entertainment Holdings Inc shares have moved -29.74%, while the 5-day performance has seen it change -1.15%. Over the past 30 days, the shares of AMC Entertainment Holdings Inc (NYSE:AMC) have changed -1.37%. Short interest in the company has seen 49.46 million shares shorted with days to cover at 3.73.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -7.5% from the levels at last check today. The projected low price target is $3.2 while the price target rests at a high of $8.0. In that case, then, we find that the latest price level in today’s session is -86.05% off the targeted high while a plunge would see the stock lose 25.58% from the levels at last check today.
AMC Entertainment Holdings Inc (AMC) estimates and forecasts
Figures show that AMC Entertainment Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -10.60% over the past 6 months, with this year growth rate of 59.07%, compared to 9.60% for the industry. Revenue growth from the last financial year stood is estimated to be -3.74%.
7 analysts offering their estimates for the company have set an average revenue estimate of 1.3B for the current quarter. 3 have an estimated revenue figure of 1.05B for the next ending quarter. Year-ago sales stood 1.1B and 951.4M respectively for this quarter and the next, and analysts expect sales will grow by 17.87% for the current quarter and -3.74% for the next.
AMC Dividends
AMC Entertainment Holdings Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
AMC Entertainment Holdings Inc (NYSE:AMC)’s Major holders
Insiders own 0.27% of the company shares, while shares held by institutions stand at 42.37% with a share float percentage of 42.49%. Investors are also buoyed by the number of investors in a company, with AMC Entertainment Holdings Inc having a total of 333.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 30.51 million shares worth more than $151.96 million. As of 2024-06-30, VANGUARD GROUP INC held 9.489% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 20.81 million shares as of 2024-06-30. The firm’s total holdings are worth over $103.62 million and represent 7.8995% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Sep 30, 2024, the former fund manager holds about 3.08% shares in the company for having 11.57 shares of worth $50.11 million while later fund manager owns 9.06 shares of worth $39.22 million as of Sep 30, 2024, which makes it owner of about 2.41% of company’s outstanding stock.
