AMC Entertainment Holdings Inc (NYSE: AMC)’s stock price has plunge by -5.36relation to previous closing price of 2.80. Nevertheless, the company has seen a -11.96% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-11 that There are seven meme stocks to sell in April before the worst comes to worst. Meme stocks are often driven by hype and social media frenzy rather than fundamental business factors, can be incredibly volatile and unpredictable.
Is It Worth Investing in AMC Entertainment Holdings Inc (NYSE: AMC) Right Now?
Moreover, the 36-month beta value for AMC is 1.70. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for AMC is 262.71M and currently, short sellers hold a 16.06% of that float. On April 15, 2024, AMC’s average trading volume was 14.48M shares.
AMC’s Market Performance
AMC stock saw a decrease of -11.96% in the past week, with a monthly decline of -39.22% and a quarterly a decrease of -43.62%. The volatility ratio for the week is 4.57%, and the volatility levels for the last 30 days are 5.72% for AMC Entertainment Holdings Inc (AMC). The simple moving average for the past 20 days is -27.34% for AMC’s stock, with a -79.94% simple moving average for the past 200 days.
Analysts’ Opinion of AMC
Many brokerage firms have already submitted their reports for AMC stocks, with B. Riley Securities repeating the rating for AMC by listing it as a “Neutral.” The predicted price for AMC in the upcoming period, according to B. Riley Securities is $8 based on the research report published on February 29, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see AMC reach a price target of $4.75, previously predicting the price at $15.50. The rating they have provided for AMC stocks is “Sell” according to the report published on September 26th, 2023.
Wedbush gave a rating of “Neutral” to AMC, setting the target price at $19 in the report published on August 24th of the previous year.
AMC Trading at -35.41% 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 -95.18% of loss for the given period.
Volatility was left at 5.72%, however, over the last 30 days, the volatility rate increased by 4.57%, as shares sank -37.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.57% lower at present.
During the last 5 trading sessions, AMC fell by -11.96%, which changed the moving average for the period of 200-days by -93.54% in comparison to the 20-day moving average, which settled at $3.57. In addition, AMC Entertainment Holdings Inc saw -56.70% 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 ’23. 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 ’23, 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:
- 0.01 for the present operating margin
- 0.56 for the gross margin
The net margin for AMC Entertainment Holdings Inc stands at -0.08. The total capital return value is set at 0.0.
Based on AMC Entertainment Holdings Inc (AMC), the company’s capital structure generated 1.57 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at -2.76. The interest coverage ratio of the stock is 0.08.
Currently, EBITDA for the company is 399.3 million with net debt to EBITDA at 22.59. When we switch over and look at the enterprise to sales, we see a ratio of 1.86. The receivables turnover for the company is 23.45for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
To wrap up, the performance of AMC Entertainment Holdings Inc (AMC) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
