The price-to-earnings ratio for AMC Networks Inc (NASDAQ: AMCX) is 7.50x, which is above its average ratio. Moreover, the 36-month beta value for AMCX is 1.30. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 2 as “sell.”
The public float for AMCX is 31.32M and currently, short sellers hold a 34.50% of that float. On September 02, 2024, AMCX’s average trading volume was 1.43M shares.
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AMCX) stock’s latest price update
The stock of AMC Networks Inc (NASDAQ: AMCX) has decreased by -5.20 when compared to last closing price of 10.39. Despite this, the company has experienced a -5.56% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-09 that AMC Networks Inc. (NASDAQ:AMCX ) Q2 2024 Earnings Conference Call August 9, 2024 8:30 AM ET Company Participants Nicholas Seibert – Vice President of Corporate Development & Investor Relations Kristin Dolan – Chief Executive Officer Patrick O’Connell – Chief Financial Officer Dan McDermott – President of Entertainment and AMC Studios Kimberly Kelleher – Chief Commercial Officer Conference Call Participants Thomas Yeh – Morgan Stanley David Joyce – Seaport Research Partners Steven Cahall – Wells Fargo Operator Good day everyone and thank you for standing by. Welcome to the AMC Networks Second Quarter 2024 Earnings Conference Call.
AMCX’s Market Performance
AMC Networks Inc (AMCX) has experienced a -5.56% fall in stock performance for the past week, with a -5.29% drop in the past month, and a -43.19% drop in the past quarter. The volatility ratio for the week is 5.78%, and the volatility levels for the past 30 days are at 6.46% for AMCX. The simple moving average for the last 20 days is -2.24% for AMCX stock, with a simple moving average of -28.50% for the last 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 -2.90% 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 -53.03% of loss for the given period.
Volatility was left at 6.46%, however, over the last 30 days, the volatility rate increased by 5.78%, as shares sank -3.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.83% lower at present.
During the last 5 trading sessions, AMCX fell by -5.56%, which changed the moving average for the period of 200-days by -26.16% in comparison to the 20-day moving average, which settled at $10.06. In addition, AMC Networks Inc saw -47.58% 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 Kelleher Kimberly, who sale 10,941 shares at the price of $17.22 back on May 23 ’24. After this action, Kelleher Kimberly now owns 0 shares of AMC Networks Inc, valued at $188,404 using the latest closing price.
O’Connell Patrick, the EVP & Chief Financial Officer of AMC Networks Inc, sale 6,459 shares at $16.32 during a trade that took place back on May 21 ’24, which means that O’Connell Patrick is holding 0 shares at $105,387 based on the most recent closing price.
Stock Fundamentals for AMCX
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.49 for the gross margin
The net margin for AMC Networks Inc stands at 0.02. The total capital return value is set at 0.08. Equity return is now at value 5.65, with 1.13 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 0.18. The debt to equity ratio resting at 2.29. The interest coverage ratio of the stock is 2.17.
Currently, EBITDA for the company is 1.33 billion with net debt to EBITDA at 1.34. When we switch over and look at the enterprise to sales, we see a ratio of 0.84. The receivables turnover for the company is 3.02for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.13.
Conclusion
To wrap up, the performance of AMC Networks Inc (AMCX) has been bad in recent times. The stock has received a bullish 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.
