Market Analysts see AMC Entertainment Holdings Inc [AMC] falling to $4.75. Time to buy?

AMC Entertainment Holdings Inc [NYSE: AMC] loss -1.43% on the last trading session, reaching $6.89 price per share at the time. The company report on November 26, 2023 at 3:00 PM that RENAISSANCE: A FILM BY BEYONCÉ Goes Hollywood With a Star-Studded Premiere Event in Los Angeles – The Film Opens in Movie Theatres Around the World on December 1.

The premiere event for RENAISSANCE: A FILM BY BEYONCÉ – held on Saturday, November 25, at the renowned Samuel Goldwyn Theatre in Los Angeles – welcomed some of the biggest names in music and Hollywood for the first-ever screening of the highly anticipated global release.

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RENAISSANCE: A FILM BY BEYONCÉ (directed and produced by Beyoncé), chronicles the artist’s intention and hard work as creative, producer and director. The film follows Beyoncé’s process in mastering her craft to execute the 56-performance, 39-city, record-breaking RENAISSANCE WORLD TOUR, and opens in movie theaters all over the world beginning December 1.

AMC Entertainment Holdings Inc represents 198.36 million in outstanding shares, while the company has a total market value of $1.37 billion with the latest information. AMC stock price has been found in the range of $6.82 to $7.03.

If compared to the average trading volume of 24.14M shares, AMC reached a trading volume of 8586886 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]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMC shares is $9.15 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 3.86. 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.

Citigroup have made an estimate for AMC Entertainment Holdings Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on September 26, 2023.

The Average True Range (ATR) for AMC Entertainment Holdings Inc is set at 0.68, with the Price to Sales ratio for AMC stock in the period of the last 12 months amounting to 0.29.

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 -6.77. With this latest performance, AMC shares dropped by -25.75% in over the last four-week period, additionally sinking by -83.39% over the last 6 months – not to mention a drop of -89.33% 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 32.95, with the RSI for the last a single of trading hit 28.89, and the three-weeks RSI is set at 34.53 for AMC Entertainment Holdings Inc [AMC]. The present Moving Average for the last 50 days of trading for this stock 8.78, while it was recorded at 7.03 for the last single week of trading, and 36.04 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 -9.90 and a Gross Margin at +18.07. AMC Entertainment Holdings Inc’s Net Margin is presently recorded at -24.89.

Return on Total Capital for AMC is now -4.73, given the latest momentum, and Return on Invested Capital for the company is -12.87. Additionally, AMC Total Debt to Total Capital is recorded at 135.49, with Total Debt to Total Assets ending up at 109.68.

Reflecting on the efficiency of the workforce at the company, AMC Entertainment Holdings Inc [AMC] managed to generate an average of -$28,895 per employee. Receivables Turnover for the company is 23.14 with a Total Asset Turnover recorded at a value of 0.39.AMC Entertainment Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.64 and a Current Ratio set at 0.64.

An analysis of Institutional ownership at AMC Entertainment Holdings Inc [AMC]

The top three institutional holders of AMC stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in AMC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in AMC stock with ownership which is approximately 5.7994%.