AMC Entertainment Holdings Inc. [AMC] stock Downgrade by Wedbush analyst, price target now $7.50


AMC Entertainment Holdings Inc. [NYSE: AMC] price plunged by -6.39 percent to reach at -$0.85. The company report on May 31, 2022 that AMC Theatres® Unveils Its Most Popular Moviegoing Amenities With the Opening of AMC Dine-in Topanga 12, in Canoga Park, CA, Opening Thursday, June 2.

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AMC DINE-IN Topanga 12 features all recliner seating, IMAX with Laser at AMC, Dolby Cinema at AMC, as well as many other popular amenities like all laser projection and the Dine-In Delivery to Seat service.

In conjunction with the opening of AMC DINE-IN Topanga 12, nearby AMC Promenade 16 will close at the end of business on Wednesday, June 1.

A sum of 38988666 shares traded at recent session while its average daily volume was at 51.85M shares. AMC Entertainment Holdings Inc. shares reached a high of $13.06 and dropped to a low of $12.1801 until finishing in the latest session at $12.45.

The one-year AMC stock forecast points to a potential downside of -25.13. The average equity rating for AMC stock is currently 3.90, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $9.95 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 3.90. 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 1.49, with the Price to Sales ratio for AMC stock in the period of the last 12 months amounting to 2.17.

AMC Stock Performance Analysis:

AMC Entertainment Holdings Inc. [AMC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.80. With this latest performance, AMC shares dropped by -20.80% in over the last four-week period, additionally sinking by -58.88% over the last 6 months – not to mention a drop of -74.01% 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 44.76, with the RSI for the last a single of trading hit 45.97, and the three-weeks RSI is set at 44.10 for AMC Entertainment Holdings Inc. [AMC]. The present Moving Average for the last 50 days of trading for this stock 16.46, while it was recorded at 13.47 for the last single week of trading, and 26.79 for the last 200 days.

Insight into AMC Entertainment Holdings Inc. Fundamentals:

AMC Entertainment Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

AMC Entertainment Holdings Inc. [AMC] Insider Position Details

There are presently around $2,221 million, or 35.20% of AMC stock, in the hands of institutional investors. The top three institutional holders of AMC stocks are: VANGUARD GROUP INC with ownership of 47,381,679, which is approximately 0.629% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 43,321,127 shares of the stock with an approximate value of $539.35 million in AMC stocks shares; and STATE STREET CORP, currently with $166.75 million in AMC stock with ownership of nearly 0.807% of the company’s market capitalization.

Positions in AMC Entertainment Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 149 institutional holders increased their position in AMC Entertainment Holdings Inc. [NYSE:AMC] by around 15,957,129 shares. Additionally, 159 investors decreased positions by around 13,298,819 shares, while 75 investors held positions by with 149,122,422 shares. The mentioned changes placed institutional holdings at 178,378,370 shares, according to the latest SEC report filing. AMC stock had 42 new institutional investments in for a total of 1,730,209 shares, while 61 institutional investors sold positions of 3,810,707 shares during the same period.