In the Green: AMC Entertainment Holdings Inc (AMC) Closes at 5.79, Up/Down 12.43 from Previous Day

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In the latest session, AMC Entertainment Holdings Inc (NYSE: AMC) closed at $5.79 up 12.43% from its previous closing price of $5.15. In other words, the price has increased by $12.43 from its previous closing price. On the day, 112.11 million shares were traded. AMC stock price reached its highest trading level at $5.96 during the session, while it also had its lowest trading level at $4.97.

Ratios:

For a deeper understanding of AMC Entertainment Holdings Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.61 and its Current Ratio is at 0.61.

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:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1711454464 and an Enterprise Value of 10077352960. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36. Its current Enterprise Value per Revenue stands at 2.095 whereas that against EBITDA is 26.168.

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 54.98%, while the 200-Day Moving Average is calculated to be -8.87%.

Shares Statistics:

For the past three months, AMC has traded an average of 51.19M shares per day and 61697270 over the past ten days. A total of 295.59M shares are outstanding, with a floating share count of 294.58M. Insiders hold about 0.34% of the company’s shares, while institutions hold 29.34% stake in the company. Shares short for AMC as of 1715731200 were 56731489 with a Short Ratio of 1.11, compared to 1713139200 on 50685424. Therefore, it implies a Short% of Shares Outstanding of 56731489 and a Short% of Float of 19.25.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 6.02.

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