Market Resilience: AMC Networks Inc (AMCX) Finishes Strong at 10.94, Up 5.70

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AMC Networks Inc (NASDAQ: AMCX) closed the day trading at $10.94 up 5.70% from the previous closing price of $10.35. In other words, the price has increased by $5.70 from its previous closing price. On the day, 23.46 million shares were traded. AMCX stock price reached its highest trading level at $10.99 during the session, while it also had its lowest trading level at $9.9.

Ratios:

For a better understanding of AMCX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.06. For the most recent quarter (mrq), Quick Ratio is recorded 1.84 and its Current Ratio is at 1.85. In the meantime, Its Debt-to-Equity ratio is 2.28 whereas as Long-Term Debt/Eq ratio is at 2.19.

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

Morgan Stanley Downgraded its Equal-Weight to Underweight on June 06, 2023, whereas the target price for the stock was revised from $19 to $12.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 481833696 and an Enterprise Value of 2476939264. As of this moment, AMC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.06, and their Forward P/E ratio for the next fiscal year is 2.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19 while its Price-to-Book (P/B) ratio in mrq is 0.45. Its current Enterprise Value per Revenue stands at 0.956 whereas that against EBITDA is 4.432.

Stock Price History:

The Beta on a monthly basis for AMCX is 1.30, which has changed by -0.029281259 over the last 52 weeks, in comparison to a change of 0.26238096 over the same period for the S&P500. Over the past 52 weeks, AMCX has reached a high of $20.97, while it has fallen to a 52-week low of $9.46. The 50-Day Moving Average of the stock is -20.81%, while the 200-Day Moving Average is calculated to be -23.08%.

Shares Statistics:

Over the past 3-months, AMCX traded about 906.33K shares per day on average, while over the past 10 days, AMCX traded about 3681500 shares per day. A total of 32.08M shares are outstanding, with a floating share count of 31.24M. Insiders hold about 29.07% of the company’s shares, while institutions hold 65.59% stake in the company. Shares short for AMCX as of 1715731200 were 3832990 with a Short Ratio of 4.62, compared to 1713139200 on 3924537. Therefore, it implies a Short% of Shares Outstanding of 3832990 and a Short% of Float of 17.169999999999998.

Earnings Estimates

The firm’s stock currently is rated by 8.0 analysts. On average, analysts expect EPS of $1.5 for the current quarter, with a high estimate of $2.24 and a low estimate of $0.71, while EPS last year was $2.02. The consensus estimate for the next quarter is $1.56, with high estimates of $2.35 and low estimates of $0.94.

Analysts are recommending an EPS of between $6.07 and $4.6 for the fiscal current year, implying an average EPS of $5.16. EPS for the following year is $4.74, with 9.0 analysts recommending between $6.14 and $2.71.

Revenue Estimates

7 analysts predict $599.72M in revenue for the current quarter. It ranges from a high estimate of $611.6M to a low estimate of $590M. As of the current estimate, AMC Networks Inc’s year-ago sales were $678.63MFor the next quarter, 7 analysts are estimating revenue of $586.73M. There is a high estimate of $604M for the next quarter, whereas the lowest estimate is $578.48M.

A total of 9 analysts have provided revenue estimates for AMCX’s current fiscal year. The highest revenue estimate was $2.42B, while the lowest revenue estimate was $2.37B, resulting in an average revenue estimate of $2.4B. In the same quarter a year ago, actual revenue was $2.71BBased on 9 analysts’ estimates, the company’s revenue will be $2.37B in the next fiscal year. The high estimate is $2.42B and the low estimate is $2.27B.

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