The price-to-earnings ratio for AMC Networks Inc (NASDAQ: AMCX) is above average at 15.57x. The 36-month beta value for AMCX is also noteworthy at 1.34. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 10 rating it as “hold,” and 3 rating it as “sell.”
The public float for AMCX is 28.71M, and at present, short sellers hold a 25.67% of that float. The average trading volume of AMCX on November 22, 2024 was 1.29M shares.
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AMCX) stock’s latest price update
AMC Networks Inc (NASDAQ: AMCX)’s stock price has gone rise by 2.61 in comparison to its previous close of 9.57, however, the company has experienced a 3.15% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-11-08 that AMC Networks Inc. (NASDAQ:AMCX ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Nicholas Seibert – Vice President of Corporate Development & Investor Relations Kristin Dolan – Chief Executive Officer Patrick O’Connell – Chief Financial Officer Kim Kelleher – Chief Commercial Officer Dan McDermott – President of Entertainment and AMC Studios Conference Call Participants Thomas Yeh – Morgan Stanley Steven Cahall – Wells Fargo David Joyce – Seaport Research Partners Charles Wilber – Guggenheim Securities Operator Good day and thank you for standing by. Welcome to the AMC Networks Third Quarter 2024 Earnings Conference Call.
AMCX’s Market Performance
AMC Networks Inc (AMCX) has experienced a 3.15% rise in stock performance for the past week, with a 23.99% rise in the past month, and a -5.85% drop in the past quarter. The volatility ratio for the week is 6.26%, and the volatility levels for the past 30 days are at 6.18% for AMCX. The simple moving average for the last 20 days is 12.69% for AMCX’s stock, with a simple moving average of -11.52% for the last 200 days.
Analysts’ Opinion of AMCX
Many brokerage firms have already submitted their reports for AMCX stocks, with Seaport Research Partners repeating the rating for AMCX by listing it as a “Buy.” The predicted price for AMCX in the upcoming period, according to Seaport Research Partners is $11 based on the research report published on October 22, 2024 of the current year 2024.
Seaport Research Partners gave a rating of “Buy” to AMCX, setting the target price at $16 in the report published on October 06th of the previous year.
AMCX Trading at 17.02% 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 -53.17% of loss for the given period.
Volatility was left at 6.18%, however, over the last 30 days, the volatility rate increased by 6.26%, as shares surge +20.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.03% upper at present.
During the last 5 trading sessions, AMCX rose by +3.15%, which changed the moving average for the period of 200-days by -42.25% in comparison to the 20-day moving average, which settled at $8.71. In addition, AMC Networks Inc saw -47.74% 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:
- 0.12 for the present operating margin
- 0.49 for the gross margin
The net margin for AMC Networks Inc stands at 0.01. The total capital return value is set at 0.07. Equity return is now at value 3.33, with 0.71 for asset returns.
Based on AMC Networks Inc (AMCX), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 2.1. The interest coverage ratio of the stock is 1.91.
Currently, EBITDA for the company is 1.47 billion with net debt to EBITDA at 1.76. When we switch over and look at the enterprise to sales, we see a ratio of 0.8. The receivables turnover for the company is 3.86for 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 2.32.
Conclusion
In summary, AMC Networks Inc (AMCX) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
