AMC Networks Inc (AMCX) Testing Investors’ Patience Right Now

Currently, there are 32.08M common shares owned by the public and among those 31.24M shares have been available to trade.

The company’s stock has a 5-day price change of -30.01% and -11.56% over the past three months. AMCX shares are trading -41.78% year to date (YTD), with the 12-month market performance up to 1.77% higher. It has a 12-month low price of $9.46 and touched a high of $20.97 over the same period. AMCX has an average intraday trading volume of 906.33K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -31.23%, -20.81%, and -23.08% respectively.

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Institutional ownership of AMC Networks Inc (NASDAQ: AMCX) shares accounts for 65.59% of the company’s 32.08M shares outstanding.

It has a market capitalization of $481.80M and a beta (3y monthly) value of 1.30. The stock’s trailing 12-month PE ratio is 3.06, while the earnings-per-share (ttm) stands at $3.57. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.39% over the week and 7.69% over the month.

Earnings per share for the fiscal year are expected to decrease by -31.19%, and -7.11% over the next financial year. EPS should shrink at an annualized rate of -12.20% over the next five years, compared to -8.34% over the past 5-year period.

Seaport Research Partners coverage for the AMC Networks Inc (AMCX) stock in a research note released on October 06, 2023 offered a Buy rating with a price target of $16. Morgan Stanley was of a view on June 06, 2023 that the stock is Underweight, while Deutsche Bank gave the stock Sell rating on July 22, 2021, issuing a price target of $32- $48. Goldman on their part issued Neutral rating on May 14, 2021.

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