In the past week, AMC stock has gone down by -7.24%, with a monthly decline of -20.62% and a quarterly plunge of -73.01%. The volatility ratio for the week is 5.47%, and the volatility levels for the last 30 days are 6.95% for AMC Entertainment Holdings Inc The simple moving average for the last 20 days is -20.25% for AMC stock, with a simple moving average of -77.72% for the last 200 days.
Is It Worth Investing in AMC Entertainment Holdings Inc (NYSE: AMC) Right Now?
compared to its average ratio and a 36-month beta value of 1.81. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 3 as “sell.”
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The average price point forecasted by analysts for AMC Entertainment Holdings Inc (AMC) is $8.95, which is $1.52 above the current market price. The public float for AMC is 197.80M, and currently, short sellers hold a 9.37% ratio of that float. The average trading volume of AMC on November 20, 2023 was 23.65M shares.
AMC) stock’s latest price update
AMC Entertainment Holdings Inc (NYSE: AMC) has seen a rise in its stock price by 0.54 in relation to its previous close of 7.39. However, the company has experienced a -7.24% decline in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-18 that AMC Entertainment (NYSE: AMC ) stock trounced Wall Street’s expectations in the third quarter. Moviegoers hit the theaters in droves as Barbie and Oppenheimer wowed audiences.
Analysts’ Opinion of AMC
Many brokerage firms have already submitted their reports for AMC stocks, with Citigroup repeating the rating for AMC by listing it as a “Sell.” The predicted price for AMC in the upcoming period, according to Citigroup is $4.75 based on the research report published on September 26, 2023 of the current year 2023.
AMC Trading at -16.02% from the 50-Day Moving Average
After a stumble in the market that brought AMC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -90.80% of loss for the given period.
Volatility was left at 6.95%, however, over the last 30 days, the volatility rate increased by 5.47%, as shares sank -18.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.48% upper at present.
During the last 5 trading sessions, AMC fell by -7.24%, which changed the moving average for the period of 200-days by -87.78% in comparison to the 20-day moving average, which settled at $9.23. In addition, AMC Entertainment Holdings Inc saw -79.31% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMC starting from Antara Capital LP, who sale 7,993,400 shares at the price of $1.73 back on Jun 28. After this action, Antara Capital LP now owns 93,911,906 shares of AMC Entertainment Holdings Inc, valued at $13,815,317 using the latest closing price.
Antara Capital LP, the 10% Owner of AMC Entertainment Holdings Inc, sale 3,573,030 shares at $1.79 during a trade that took place back on Jun 27, which means that Antara Capital LP is holding 101,905,306 shares at $6,395,362 based on the most recent closing price.
Stock Fundamentals for AMC
Current profitability levels for the company are sitting at:
- -9.90 for the present operating margin
- +18.07 for the gross margin
The net margin for AMC Entertainment Holdings Inc stands at -24.89. The total capital return value is set at -4.73, while invested capital returns managed to touch -12.87.
When we switch over and look at the enterprise to sales, we see a ratio of 2.31, with the company’s debt to enterprise value settled at 0.74. The receivables turnover for the company is 23.14 and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.53.
Conclusion
To put it simply, AMC Entertainment Holdings Inc (AMC) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
