In the latest trading session, 3.06 million AMC Entertainment Holdings Inc (NYSE:AMC) shares changed hands as the company’s beta touched 1.94. With the company’s most recent per share price at $3.38 changing hands around $0.11 or 3.52% at last look, the market valuation stands at $1.29B. AMC’s current price is a discount, trading about -251.48% 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 29.59% up since then.
Analysts gave the AMC Entertainment Holdings Inc (AMC) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. 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 -0.38.
AMC Entertainment Holdings Inc (NYSE:AMC) trade information
Instantly AMC is in green as seen in intraday trades today. With action -5.18%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -14.95%, with the 5-day performance at -5.18% in the red. However, in the 30-day time frame, AMC Entertainment Holdings Inc (NYSE:AMC) is 4.15% up.
The consensus price target for the stock as assigned by Wall Street analysts is 3.23, meaning bulls need a downside of -4.64% from its recent market value. According to analyst projections, AMC’s forecast low is 3.2 with 3.25 as the target high. To hit the forecast high, the stock’s price needs a 3.85% surge from its current level, while the stock would need to tank 5.33% for it to hit the projected low.
AMC Entertainment Holdings Inc (AMC) estimates and forecasts
Year-over-year growth is forecast to reach 10.37% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 1.03B. 3 analysts are of the opinion that AMC Entertainment Holdings Inc’s revenue for the current quarter will be 1.3B. The company’s revenue for the corresponding quarters a year ago was 951.4M and 1.03B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.84%. The estimates for the next quarter sales put growth at 26.51%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 39.13%. The 2025 estimates are for AMC Entertainment Holdings Inc earnings to increase by 53.81%.
AMC Entertainment Holdings Inc (NYSE:AMC)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.4705% or 20.81 million shares worth $103.62 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 11.57 shares estimated at $39.38 million under it, the former controlled 3.08% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.51% of the shares, roughly 9.45 shares worth around $32.17 million.
