Wedbush lifts AMC Entertainment Holdings Inc. [AMC] price estimate. Who else is bullish?

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AMC Entertainment Holdings Inc. [NYSE: AMC] surged by $0.18 during the normal trading session on Friday and reaching a high of $15.32 during the day while it closed the day at $14.66. The company report on July 7, 2022 that AMC Entertainment Holdings, Inc. to Announce Second Quarter 2022 Results and Host Earnings Webcast.


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AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), the largest theatrical exhibition company in the world, announced today that it will report its results for the second quarter ended June 30, 2022, after the market closes on Thursday, August 4, 2022.

The Company will host an earnings webcast accessible through the Investor Relations section of AMC’s website at https://investor.amctheatres.com/corporate-overview. During the webcast, the company will take questions from both AMC Investor Connect members and sell-side equity research analysts. AMC investors can visit https://www.amctheatres.com/stockholders to sign up for membership in AMC Investor Connect and submit their written questions. The link to submit questions will be available on the AMC Investor Connect website on July 28, 2022.

AMC Entertainment Holdings Inc. stock has also gained 8.19% of its value over the past 7 days. However, AMC stock has declined by -28.10% in the 3 months of the year. Over the past six months meanwhile, it has lost -35.56% and lost -46.10% year-on date.

The market cap for AMC stock reached $7.48 billion, with 510.48 million shares outstanding. Compared to the average trading volume of 40.74M shares, AMC reached a trading volume of 48536515 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $9.09 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 1.28, with the Price to Sales ratio for AMC stock in the period of the last 12 months amounting to 2.36.

AMC stock trade performance evaluation

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 8.19. With this latest performance, AMC shares gained by 12.17% in over the last four-week period, additionally sinking by -35.56% over the last 6 months – not to mention a drop of -69.42% 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 58.46, with the RSI for the last a single of trading hit 63.91, and the three-weeks RSI is set at 54.55 for AMC Entertainment Holdings Inc. [AMC]. The present Moving Average for the last 50 days of trading for this stock 13.04, while it was recorded at 13.60 for the last single week of trading, and 23.24 for the last 200 days.

AMC Entertainment Holdings Inc. [AMC]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and AMC Entertainment Holdings Inc. [AMC] shares currently have an operating margin of -32.76 and a Gross Margin at +8.52. AMC Entertainment Holdings Inc.’s Net Margin is presently recorded at -50.20.

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 Ownership positions

There are presently around $2,614 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 $635.09 million in AMC stocks shares; and STATE STREET CORP, currently with $196.35 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 August and at the time of the August reporting period, where 148 institutional holders increased their position in AMC Entertainment Holdings Inc. [NYSE:AMC] by around 15,924,518 shares. Additionally, 156 investors decreased positions by around 12,923,995 shares, while 75 investors held positions by with 149,492,565 shares. The mentioned changes placed institutional holdings at 178,341,078 shares, according to the latest SEC report filing. AMC stock had 41 new institutional investments in for a total of 1,697,598 shares, while 58 institutional investors sold positions of 3,522,465 shares during the same period.

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