AMC Entertainment Holdings Inc (AMC) concluded trading on Wednesday at a closing price of $4.24, with 5.34 million shares of worth about $22.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.27% during that period and on October 23, 2024 the price saw a loss of about -2.30%. Currently the company’s common shares owned by public are about 372.45M shares, out of which, 371.32M shares are available for trading.
Stock saw a price change of 0.24% in past 5 days and over the past one month there was a price change of -6.19%. Year-to-date (YTD), AMC shares are showing a performance of -30.72% which decreased to -53.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.38 but also hit the highest price of $11.88 during that period. The average intraday trading volume for AMC Entertainment Holdings Inc shares is 9.98 million. The stock is currently trading -1.30% below its 20-day simple moving average (SMA20), while that difference is down -8.57% for SMA50 and it goes to -4.57% lower than SMA200.
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AMC Entertainment Holdings Inc (NYSE: AMC) currently have 372.45M outstanding shares and institutions hold larger chunk of about 38.86% of that.
The stock has a current market capitalization of $1.58B and its 3Y-monthly beta is at 1.85. It has posted earnings per share of -$1.48 in the same period. It has Quick Ratio of 0.65. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMC, volatility over the week remained 3.27% while standing at 3.56% over the month.
Analysts are in expectations that AMC Entertainment Holdings Inc (AMC) stock would likely to be making an EPS of -0.07 in the current quarter, while forecast for next quarter EPS is -0.1 and it is -0.49 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.28 which is 0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 50.89% while it is estimated to increase by 43.68% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on February 29, 2024 offering a Neutral rating for the stock and assigned a target price range of between $12 and $8 to it. Coverage by Citigroup stated AMC Entertainment Holdings Inc (AMC) stock as a Sell in their note to investors on September 26, 2023, suggesting a price target of $4.75 for the stock. On August 24, 2023, Wedbush Upgrade their recommendations, while on March 23, 2023, Citigroup Resumed their ratings for the stock with a price target of $1.60. Stock get a Neutral rating from B. Riley Securities on January 03, 2023.
