Market Highlights: AMC Networks Inc (AMCX) Ends on a Low Note at 9.33

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The price of AMC Networks Inc (NASDAQ: AMCX) closed at $9.33 in the last session, down -4.21% from day before closing price of $9.74. In other words, the price has decreased by -$4.21 from its previous closing price. On the day, 1.31 million shares were traded. AMCX stock price reached its highest trading level at $9.88 during the session, while it also had its lowest trading level at $9.13.

Ratios:

We take a closer look at AMCX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.18. For the most recent quarter (mrq), Quick Ratio is recorded 2.31 and its Current Ratio is at 2.32. In the meantime, Its Debt-to-Equity ratio is 2.19 whereas as Long-Term Debt/Eq ratio is at 2.15.

On October 06, 2023, Seaport Research Partners started tracking the stock assigning a Buy rating and target price of $16.Seaport Research Partners initiated its Buy rating on October 06, 2023, with a $16 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 23 ’24 when Kelleher Kimberly sold 10,941 shares for $17.22 per share. The transaction valued at 188,404 led to the insider holds 0 shares of the business.

O’Connell Patrick sold 6,459 shares of AMCX for $105,387 on May 21 ’24. The EVP & Chief Financial Officer now owns 0 shares after completing the transaction at $16.32 per share. On May 21 ’24, another insider, Sherin Michael J. III, who serves as the EVP & Chief Accounting Officer of the company, sold 4,948 shares for $16.11 each. As a result, the insider received 79,692 and left with 0 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, AMCX now has a Market Capitalization of 411647072 and an Enterprise Value of 2257879808. As of this moment, AMC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.79, and their Forward P/E ratio for the next fiscal year is 2.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 0.37. Its current Enterprise Value per Revenue stands at 0.903 whereas that against EBITDA is 4.617.

Stock Price History:

Over the past 52 weeks, AMCX has reached a high of $20.93, while it has fallen to a 52-week low of $7.08. The 50-Day Moving Average of the stock is 6.00%, while the 200-Day Moving Average is calculated to be -13.15%.

Shares Statistics:

According to the various share statistics, AMCX traded on average about 1.20M shares per day over the past 3-months and 523360 shares per day over the past 10 days. A total of 32.61M shares are outstanding, with a floating share count of 28.72M. Insiders hold about 34.91% of the company’s shares, while institutions hold 76.86% stake in the company. Shares short for AMCX as of 1732838400 were 5471346 with a Short Ratio of 4.56, compared to 1730332800 on 7368479. Therefore, it implies a Short% of Shares Outstanding of 5471346 and a Short% of Float of 24.42.

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