AMC Networks Inc [NASDAQ: AMCX] surged by $0.12 during the normal trading session on while it closed the day at $6.10.
AMC Networks Inc stock has also gained 4.27% of its value over the past 7 days. However, AMCX stock has declined by -32.75% in the 3 months of the year. Over the past six months meanwhile, it has lost -22.04% and lost -38.38% year-on date.
The market cap for AMCX stock reached $273.99 million, with 44.92 million shares outstanding and 32.68 million shares in the current float. Compared to the average trading volume of 604.43K shares, AMCX reached a trading volume of 300498 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 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 $7.17 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 3.62. 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 Buy, with their previous recommendation back on October 22, 2024. The new note on the price target was released on December 12, 2023, representing the official price target for AMC Networks Inc stock. Previously, the target price had yet another raise to $16, while Seaport Research Partners analysts kept a Buy rating on AMCX stock. On June 06, 2023, analysts decreased their price target for AMCX shares from 19 to 12.
The Average True Range (ATR) for AMC Networks Inc is set at 0.42, with the Price to Sales ratio for AMCX stock in the period of the last 12 months amounting to 0.11. The Price to Book ratio for the last quarter was 0.31, with the Price to Cash per share for the same quarter was set at 17.47. Price to Free Cash Flow for AMCX in the course of the last twelve months was 0.86 with Quick ratio for the last quarter at 2.38.
AMCX stock trade performance evaluation
AMC Networks Inc [AMCX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.27. With this latest performance, AMCX shares dropped by -14.80% in over the last four-week period, additionally sinking by -22.04% over the last 6 months – not to mention a drop of -39.12% 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 41.39, with the RSI for the last a single of trading hit 44.10, and the three-weeks RSI is set at 40.16 for AMC Networks Inc [AMCX]. The present Moving Average for the last 50 days of trading for this stock 7.27, while it was recorded at 6.05 for the last single week of trading, and 8.78 for the last 200 days.
AMC Networks Inc [AMCX]: An insightful look at the core fundamentals
AMC Networks Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.38 and a Current Ratio set at 2.38.
Earnings per share (EPS) analysis for AMC Networks Inc [AMCX] stock
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 -15.60%.
AMC Networks Inc [AMCX]: Institutional Ownership
There are presently around $105.51%, or 109.79%% of AMCX stock, in the hands of institutional investors. The top three institutional holders of AMCX stocks are: PACER ADVISORS, INC. with ownership of 10.2 million shares, which is approximately 22.9397%. BLACKROCK INC., holding 5.36 million shares of the stock with an approximate value of $$51.82 million in AMCX stocks shares; and BLACKROCK INC., currently with $$34.95 million in AMCX stock with ownership which is approximately 8.1364%.
