Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of AMC Entertainment Holdings Inc (NYSE: AMC) was $3.39 for the day, down -0.88% from the previous closing price of $3.42. In other words, the price has decreased by -$0.88 from its previous closing price. On the day, 16.07 million shares were traded. AMC stock price reached its highest trading level at $3.55 during the session, while it also had its lowest trading level at $3.36.
Ratios:
Our analysis of AMC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 0.74.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, B. Riley Securities on February 29, 2024, Reiterated its Neutral rating but revised its target price to $8 from $12 previously.
On September 26, 2023, Citigroup reiterated its Sell rating and also upped its target price recommendation from $15.50 to $4.75.
Wedbush Upgraded its Underperform to Neutral on August 24, 2023, while the target price for the stock was maintained at $19.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 28 ’23 when Antara Capital LP sold 7,993,400 shares for $1.73 per share. The transaction valued at 13,815,317 led to the insider holds 93,911,906 shares of the business.
Antara Capital LP sold 3,573,030 shares of AMC for $6,395,362 on Jun 27 ’23. The 10% Owner now owns 101,905,306 shares after completing the transaction at $1.79 per share. On Jun 26 ’23, another insider, Antara Capital LP, who serves as the 10% Owner of the company, sold 2,371,887 shares for $1.79 each. As a result, the insider received 4,245,678 and left with 105,478,336 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMC now has a Market Capitalization of 893620928 and an Enterprise Value of 9158411264. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19. Its current Enterprise Value per Revenue stands at 1.903 whereas that against EBITDA is 23.017.
Stock Price History:
Over the past 52 weeks, AMC has reached a high of $54.97, while it has fallen to a 52-week low of $2.38. The 50-Day Moving Average of the stock is -14.21%, while the 200-Day Moving Average is calculated to be -71.69%.
Shares Statistics:
AMC traded an average of 15.34M shares per day over the past three months and 20741800 shares per day over the past ten days. A total of 263.61M shares are outstanding, with a floating share count of 262.71M. Insiders hold about 0.34% of the company’s shares, while institutions hold 28.68% stake in the company. Shares short for AMC as of 1711584000 were 42191492 with a Short Ratio of 2.75, compared to 1709164800 on 31750252. Therefore, it implies a Short% of Shares Outstanding of 42191492 and a Short% of Float of 16.04.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 6.02.
