Saturday, April 10, 2021

AMC Entertainment Holdings Inc. [AMC] Is Currently -10.34 below its 200 Period Moving Avg: What Dose This Mean?

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AMC Entertainment Holdings Inc. [NYSE: AMC] loss -10.34% or -1.44 points to close at $12.49 with a heavy trading volume of 87872401 shares. The company report on March 18, 2021 that AMC Theatres® to Have 98% of Its U.S. Locations Open Beginning Friday, March 19.

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More Than 40 California AMCs, Including All of Its Theatres in Los Angeles and San Diego Counties, to Reopen Friday.

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With additional openings in the United States expected over the next week, AMC anticipates that 99% of its U.S. circuit will be open by Friday, March 26.

It opened the trading session at $13.15, the shares rose to $13.19 and dropped to $11.76, the range by which the price of stock traded the whole day. The daily chart for AMC points out that the company has recorded 120.28% gains over the past six months. However, it is still -553.93% lower than its most recent low trading price.

If we look at the average trading volume of 169.91M shares, AMC reached to a volume of 87872401 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about AMC Entertainment Holdings Inc. [AMC]:

MKM Partners have made an estimate for AMC Entertainment Holdings Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on February 01, 2021. While these analysts kept the previous recommendation, B. Riley Securities dropped their target price from $4.50 to $3.50. The new note on the price target was released on November 03, 2020, representing the official price target for AMC Entertainment Holdings Inc. stock. Previously, the target price had yet another drop from $5.50 to $4.50, while B. Riley Securities kept a Neutral rating on AMC stock. On September 14, 2020, analysts increased their price target for AMC shares from 4 to 5.50.

The Average True Range (ATR) for AMC Entertainment Holdings Inc. is set at 1.39, with the Price to Sales ratio for AMC stock in the period of the last 12 months amounting to 4.55.

Trading performance analysis for AMC stock

AMC Entertainment Holdings Inc. [AMC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.04. With this latest performance, AMC shares gained by 119.12% in over the last four-week period, additionally plugging by 120.28% over the last 6 months – not to mention a rise of 291.54% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMC stock in for the last two-week period is set at 60.22, with the RSI for the last a single of trading hit 59.37, and the three-weeks RSI is set at 59.57 for AMC Entertainment Holdings Inc. [AMC]. The present Moving Average for the last 50 days of trading for this stock 7.73, while it was recorded at 13.40 for the last single week of trading, and 5.10 for the last 200 days.

AMC Entertainment Holdings Inc. [AMC]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and AMC Entertainment Holdings Inc. [AMC] shares currently have an operating margin of -125.90 and a Gross Margin at -42.13. AMC Entertainment Holdings Inc.’s Net Margin is presently recorded at -369.37.

Return on Total Capital for AMC is now -15.59, given the latest momentum, and Return on Invested Capital for the company is -48.81. Additionally, AMC Total Debt to Total Capital is recorded at 134.07, with Total Debt to Total Assets ending up at 110.48.

Reflecting on the efficiency of the workforce at the company, AMC Entertainment Holdings Inc. [AMC] managed to generate an average of -$161,202 per employee. Receivables Turnover for the company is 6.81 with a Total Asset Turnover recorded at a value of 0.10.AMC Entertainment Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.

AMC Entertainment Holdings Inc. [AMC]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, AMC Entertainment Holdings Inc. posted -20.88/share EPS, while the average EPS was predicted by analysts to be reported at -1.52/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1,273.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMC.

An analysis of insider ownership at AMC Entertainment Holdings Inc. [AMC]

There are presently around $637 million, or 10.20% of AMC stock, in the hands of institutional investors. The top three institutional holders of AMC stocks are: MUDRICK CAPITAL MANAGEMENT, L.P. with ownership of 9,134,548, which is approximately New of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 7,664,955 shares of the stock with an approximate value of $95.73 million in AMC stocks shares; and BLACKROCK INC., currently with $77.58 million in AMC stock with ownership of nearly 69.04% of the company’s market capitalization.

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Positions in AMC Entertainment Holdings Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 125 institutional holders increased their position in AMC Entertainment Holdings Inc. [NYSE:AMC] by around 24,006,640 shares. Additionally, 65 investors decreased positions by around 4,974,781 shares, while 20 investors held positions by with 16,750,795 shares. The mentioned changes placed institutional holdings at 45,732,216 shares, according to the latest SEC report filing. AMC stock had 67 new institutional investments in for a total of 12,347,372 shares, while 29 institutional investors sold positions of 2,772,731 shares during the same period.

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