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

Currently, there are 381.47M common shares owned by the public and among those 380.36M shares have been available to trade.

The company’s stock has a 5-day price change of 0.00% and -10.30% over the past three months. AMC shares are trading -31.70% year to date (YTD), with the 12-month market performance down to -32.25% lower. It has a 12-month low price of $2.38 and touched a high of $11.88 over the same period. AMC has an average intraday trading volume of 12.72 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 -8.43%, -6.12%, and -6.31% respectively.

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Institutional ownership of AMC Entertainment Holdings Inc (NYSE: AMC) shares accounts for 42.48% of the company’s 381.47M shares outstanding.

It has a market capitalization of $1.63B and a beta (3y monthly) value of 1.95. The earnings-per-share (ttm) stands at -$1.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.33% over the week and 5.41% over the month.

Earnings per share for the fiscal year are expected to increase by 48.52%, and 27.27% over the next financial year.

Looking at the support for the AMC, a number of firms have released research notes about the stock. B. Riley Securities stated their Neutral rating for the stock in a research note on February 29, 2024, with the firm’s price target at $12-$8. Citigroup coverage for the AMC Entertainment Holdings Inc (AMC) stock in a research note released on September 26, 2023 offered a Sell rating with a price target of $4.75. Wedbush was of a view on August 24, 2023 that the stock is Neutral, while Citigroup gave the stock Sell rating on March 23, 2023, issuing a price target of $1.60. B. Riley Securities on their part issued Neutral rating on January 03, 2023.

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