AMC Networks Inc [NASDAQ: AMCX] stock went on a downward path that fall over -35.14% on Monday, amounting to a one-week price decrease of less than -39.63%.
Over the last 12 months, AMCX stock dropped by -13.72%. The one-year AMC Networks Inc stock forecast points to a potential upside of 18.48. The average equity rating for AMCX stock is currently 3.89, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $448.77 million, with 32.08 million shares outstanding and 31.24 million shares in the current float. Compared to the average trading volume of 765.83K shares, AMCX stock reached a trading volume of 8561155 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on AMC Networks Inc [AMCX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMCX shares is $12.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMCX stock is a recommendation set at 3.89. 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.
Seaport Research Partners have made an estimate for AMC Networks Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 12, 2023. While these analysts kept the previous recommendation, Seaport Research Partners raised their target price to Buy. The new note on the price target was released on October 06, 2023, representing the official price target for AMC Networks Inc stock. Previously, the target price had yet another drop from $19 to $12, while Morgan Stanley kept a Underweight rating on AMCX stock. On July 22, 2021, analysts increased their price target for AMCX shares from 32 to 48.
The Average True Range (ATR) for AMC Networks Inc is set at 1.30, with the Price to Sales ratio for AMCX stock in the period of the last 12 months amounting to 0.17. The Price to Book ratio for the last quarter was 0.42, with the Price to Cash per share for the same quarter was set at 15.68. Price to Free Cash Flow for AMCX in the course of the last twelve months was 0.98 with Quick ratio for the last quarter at 1.84.
AMCX Stock Performance Analysis:
AMC Networks Inc [AMCX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -39.63. With this latest performance, AMCX shares dropped by -36.15% in over the last four-week period, additionally sinking by -47.90% over the last 6 months – not to mention a drop of -13.72% 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 AMCX stock in for the last two-week period is set at 26.33, with the RSI for the last a single of trading hit 16.75, and the three-weeks RSI is set at 32.84 for AMC Networks Inc [AMCX]. The present Moving Average for the last 50 days of trading for this stock 13.86, while it was recorded at 14.88 for the last single week of trading, and 14.24 for the last 200 days.
Insight into AMC Networks Inc Fundamentals:
AMC Networks Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.84 and a Current Ratio set at 1.85.
AMCX Stock EPS
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 AMCX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for AMC Networks Inc go to -12.20%.
AMC Networks Inc [AMCX] Institutonal Ownership Details
The top three institutional holders of AMCX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AMCX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AMCX stock with ownership which is approximately 5.8386%.
