Reviewing The Case For AMC Entertainment Holdings Inc (AMC) Going Higher

Currently, there are 198.36M common shares owned by the public and among those 197.69M shares have been available to trade.

Insiders at the company have transacted a total of 99 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 42 of these insider trades were purchases, accounting for 3,577,080 shares. Insider sales of the common stock occurred on 57 occasions, with total insider shares sold totaling 75,558,400 shares.

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However, the script later moved the day high at 4.5300, up 1.81%. The company’s stock has a 5-day price change of -4.04% and -50.76% over the past three months. AMC shares are trading -26.31% year to date (YTD), with the 12-month market performance down to -90.95% lower. It has a 12-month low price of $4.01 and touched a high of $75.26 over the same period. AMC has an average intraday trading volume of 19.17 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -17.32%, -32.37%, and -81.79% respectively.

Institutional ownership of AMC Entertainment Holdings Inc (NYSE: AMC) shares accounts for 19.95% of the company’s 198.36M shares outstanding.

It has a market capitalization of $894.60M and a beta (3y monthly) value of 1.70. The earnings-per-share (ttm) stands at -$0.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.52% over the week and 6.00% over the month.

Analysts forecast that AMC Entertainment Holdings Inc (AMC) will achieve an EPS of -$0.52 for the current quarter, -$0.71 for the next quarter and -$1.69 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.89 while analysts give the company a high EPS estimate of -$0.07. Comparatively, EPS for the current quarter was -$2.29 a year ago. Earnings per share for the fiscal year are expected to increase by 81.19%, and -13.53% over the next financial year.

Looking at the support for the AMC, a number of firms have released research notes about the stock. Citigroup stated their Sell rating for the stock in a research note on September 26, 2023, with the firm’s price target at $15.50-$4.75.

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