AMC Entertainment Holdings Inc [NYSE: AMC] stock went on an upward path that rose over 6.81% on Monday, amounting to a one-week price increase of more than 11.47%.
Over the last 12 months, AMC stock dropped by -29.57%. The one-year AMC Entertainment Holdings Inc stock forecast points to a potential downside of -16.27. The average equity rating for AMC stock is currently 3.86, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.85 billion, with 375.68 million shares outstanding and 374.57 million shares in the current float. Compared to the average trading volume of 9.30M shares, AMC stock reached a trading volume of 31015331 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $4.18 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.
B. Riley Securities have made an estimate for AMC Entertainment Holdings Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 29, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $15.50 to $4.75. The new note on the price target was released on September 26, 2023, representing the official price target for AMC Entertainment Holdings Inc stock. Previously, the target price had yet another raise to $19, while Wedbush analysts kept a Neutral rating on AMC stock.
The Average True Range (ATR) for AMC Entertainment Holdings Inc is set at 0.22, with the Price to Sales ratio for AMC stock in the period of the last 12 months amounting to 0.42.
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 11.47. With this latest performance, AMC shares gained by 12.50% in over the last four-week period, additionally sinking by -0.41% over the last 6 months – not to mention a drop of -29.57% 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 64.61, with the RSI for the last a single of trading hit 71.28, and the three-weeks RSI is set at 60.00 for AMC Entertainment Holdings Inc [AMC]. The present Moving Average for the last 50 days of trading for this stock 4.42, while it was recorded at 4.54 for the last single week of trading, and 4.46 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 0.50 and a Current Ratio set at 0.50.
AMC Stock EPS
With the latest financial reports released by the company, AMC Entertainment Holdings Inc posted -0.54/share EPS, while the average EPS was predicted by analysts to be reported at -0.65/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.11. 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 AMC.
AMC Entertainment Holdings Inc [AMC] Institutonal Ownership Details
There are presently around $43.01%, or 43.12%% of AMC stock, in the hands of institutional investors. The top three institutional holders of AMC stocks are: VANGUARD GROUP INC with ownership of 30.51 million shares, which is approximately 11.5845%. BLACKROCK INC., holding 20.81 million shares of the stock with an approximate value of $$103.62 million in AMC stocks shares; and BLACKROCK INC., currently with $$51.22 million in AMC stock with ownership which is approximately 3.9049%.
