During the recent session, AMC Entertainment Holdings Inc (NYSE:AMC)’s traded shares were 1.35 million, with the beta value of the company hitting 1.89. At the last check today, the stock’s price was $3.42, reflecting an intraday gain of 0.26% or $0.01. The 52-week high for the AMC share is $11.88, that puts it down -247.37 from that peak though still a striking 30.41% gain since the share price plummeted to a 52-week low of $2.38. The company’s market capitalization is $1.30B, and the average intraday trading volume over the past 10 days was 13.38 million shares, and the average trade volume was 14.34 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 -0.14.
AMC Entertainment Holdings Inc (NYSE:AMC) trade information
AMC Entertainment Holdings Inc (AMC) registered a 0.26% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.26% in intraday trading to $3.42, hitting a weekly high. The stock’s 5-day price performance is -4.50%, and it has moved by -18.21% in 30 days. Based on these gigs, the overall price performance for the year is -21.04%. The short interest in AMC Entertainment Holdings Inc (NYSE:AMC) is 48.72 million shares and it means that shorts have 2.73 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.6, which implies an increase of 38.93% 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 -133.92% off the target high and 6.43% 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 down -27.10% during the last six months, with a year-to-date growth rate more than the industry average at 59.07% against 8.10. In the rating firms’ projections, revenue will decrease -3.74% 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 1.3B as predicted by 7 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 1.05B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.1B and 951.4M respectively. In this case, analysts expect current quarter sales to grow by 17.87% and then jump by 9.94% in the coming quarter.
While earnings are projected to return 48.52% in 2025.
AMC Dividends
AMC Entertainment Holdings Inc is due to release its next quarterly earnings in February. 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 0.27% of total outstanding shares while institutional holders control 42.49%, with the float percentage being 42.60%. VANGUARD GROUP INC is the largest shareholder of the company, while 327.0 institutions own stock in it. As of 2024-06-30, the company held over 30.51 million shares (or 9.489% 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.
Also, the Mutual Funds coming in first place with the largest holdings of AMC Entertainment Holdings Inc (AMC) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 11.57 shares. This amounts to just over 3.08 percent of the company’s overall shares, with a $39.87 million market value. The same data shows that the other fund manager holds slightly less at 9.06, or about 2.41% of the stock, which is worth about $31.21 million.
