AMC Entertainment Holdings Inc. [AMC] Is Currently -6.01 below its 200 Period Moving Avg: What Does This Mean?



AMC Entertainment Holdings Inc. [NYSE: AMC] slipped around -1.74 points on Friday, while shares priced at $27.20 at the close of the session, down -6.01%. The company report on December 22, 2021 that AMC Theatres® Continues Its Strategic Theatre Acquisitions, Announces the Acquisition and Reopening of Former Pacific Northridge Fashion Center 10 in Northridge, CA, and Former Arclight Chicago 14.

With these two new locations plus AMC American at Brand 18 and AMC The Grove 14, AMC has now acquired four former Pacific & Arclight locations in 2021.

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Since reopening, AMC Americana at Brand 18 and AMC The Grove 14 consistently rank among the top 10 theatres in box office performance in the Los Angeles market and among the top 30 in the United States.

AMC Entertainment Holdings Inc. stock is now 1183.02% up from its year-to-date (YTD) trading value. AMC Stock saw the intraday high of $29.40 and lowest of $27.11 per share. The company’s 52-week high price is 72.62, which means current price is +1,324.08% above from all time high which was touched on 06/02/21.

Compared to the average trading volume of 43.06M shares, AMC reached a trading volume of 23218708 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about AMC Entertainment Holdings Inc. [AMC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMC shares is $10.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMC stock is a recommendation set at 3.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wedbush have made an estimate for AMC Entertainment Holdings Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on November 04, 2021. The new note on the price target was released on September 01, 2021, representing the official price target for AMC Entertainment Holdings Inc. stock. Previously, the target price had yet another raise to $16, while B. Riley Securities analysts kept a Neutral rating on AMC stock. On April 05, 2021, analysts increased their price target for AMC shares from 7 to 13.

The Average True Range (ATR) for AMC Entertainment Holdings Inc. is set at 3.20, with the Price to Sales ratio for AMC stock in the period of the last 12 months amounting to 9.26.

How has AMC stock performed recently?

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 -4.63. With this latest performance, AMC shares dropped by -4.80% in over the last four-week period, additionally sinking by -47.65% over the last 6 months – not to mention a rise of 1183.02% 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 41.14, with the RSI for the last a single of trading hit 41.33, and the three-weeks RSI is set at 41.44 for AMC Entertainment Holdings Inc. [AMC]. The present Moving Average for the last 50 days of trading for this stock 34.24, while it was recorded at 28.10 for the last single week of trading, and 33.01 for the last 200 days.

AMC Entertainment Holdings Inc. [AMC]: Deeper insight into the fundamentals

AMC Entertainment Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

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Insider trade positions for AMC Entertainment Holdings Inc. [AMC]

There are presently around $4,379 million, or 31.90% of AMC stock, in the hands of institutional investors. The top three institutional holders of AMC stocks are: VANGUARD GROUP INC with ownership of 47,190,886, which is approximately 6.203% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 40,015,669 shares of the stock with an approximate value of $1.09 billion in AMC stocks shares; and STATE STREET CORP, currently with $356.71 million in AMC stock with ownership of nearly 59.707% of the company’s market capitalization.

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 213 institutional holders increased their position in AMC Entertainment Holdings Inc. [NYSE:AMC] by around 38,422,534 shares. Additionally, 103 investors decreased positions by around 4,915,542 shares, while 56 investors held positions by with 117,643,790 shares. The mentioned changes placed institutional holdings at 160,981,866 shares, according to the latest SEC report filing. AMC stock had 80 new institutional investments in for a total of 6,407,463 shares, while 54 institutional investors sold positions of 951,987 shares during the same period.