AMC Networks Inc (NASDAQ: AMCX) has a price-to-earnings ratio that is above its average at 2.80x. The stock has a 36-month beta value of 1.25. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 2 as “sell.”
The public float for AMCX is 30.84M, and at present, short sellers hold a 12.73% of that float. On May 10, 2024, the average trading volume of AMCX was 694.61K shares.
AMCX) stock’s latest price update
AMC Networks Inc (NASDAQ: AMCX)’s stock price has gone rise by 3.39 in comparison to its previous close of 13.28, however, the company has experienced a 18.98% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-09 that AMC Networks (AMCX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
AMCX’s Market Performance
AMCX’s stock has risen by 18.98% in the past week, with a monthly rise of 26.54% and a quarterly drop of -19.42%. The volatility ratio for the week is 4.13% while the volatility levels for the last 30 days are 4.76% for AMC Networks Inc. The simple moving average for the past 20 days is 22.42% for AMCX’s stock, with a 0.04% simple moving average for the past 200 days.
Analysts’ Opinion of AMCX
Seaport Research Partners, on the other hand, stated in their research note that they expect to see AMCX reach a price target of $16. The rating they have provided for AMCX stocks is “Buy” according to the report published on October 06th, 2023.
Morgan Stanley gave a rating of “Underweight” to AMCX, setting the target price at $12 in the report published on June 06th of the previous year.
AMCX Trading at 16.34% from the 50-Day Moving Average
After a stumble in the market that brought AMCX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.53% of loss for the given period.
Volatility was left at 4.76%, however, over the last 30 days, the volatility rate increased by 4.13%, as shares surge +25.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.10% upper at present.
During the last 5 trading sessions, AMCX rose by +18.98%, which changed the moving average for the period of 200-days by +6.52% in comparison to the 20-day moving average, which settled at $11.35. In addition, AMC Networks Inc saw -26.93% 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 AMCX starting from Blank Matthew, who sale 50,000 shares at the price of $19.09 back on Dec 22 ’23. After this action, Blank Matthew now owns 0 shares of AMC Networks Inc, valued at $954,500 using the latest closing price.
Gallagher James, the EVP and General Counsel of AMC Networks Inc, sale 22,000 shares at $20.40 during a trade that took place back on Dec 19 ’23, which means that Gallagher James is holding 6,867 shares at $448,800 based on the most recent closing price.
Stock Fundamentals for AMCX
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.51 for the gross margin
The net margin for AMC Networks Inc stands at 0.08. The total capital return value is set at 0.1. Equity return is now at value 23.23, with 4.06 for asset returns.
Based on AMC Networks Inc (AMCX), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 2.37. The interest coverage ratio of the stock is 2.54.
Currently, EBITDA for the company is 1.33 billion with net debt to EBITDA at 1.99. When we switch over and look at the enterprise to sales, we see a ratio of 0.93. The receivables turnover for the company is 4.08for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
To sum up, AMC Networks Inc (AMCX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
