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 Networks Inc (NASDAQ: AMCX) was $7.71 for the day, down -3.87% from the previous closing price of $8.02. In other words, the price has decreased by -$3.87 from its previous closing price. On the day, 0.52 million shares were traded.
Ratios:
Our analysis of AMCX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.43 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 2.38 and its Current Ratio is at 2.38. In the meantime, Its Debt-to-Equity ratio is 2.84 whereas as Long-Term Debt/Eq ratio is at 2.80.
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:
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 0.40.
Stock Price History:
Over the past 52 weeks, AMCX has reached a high of $18.58, while it has fallen to a 52-week low of $7.08. The 50-Day Moving Average of the stock is -18.06%, while the 200-Day Moving Average is calculated to be -24.94%.
Shares Statistics:
A total of 32.64M shares are outstanding, with a floating share count of 31.38M. Insiders hold about 28.91% of the company’s shares, while institutions hold 75.32% stake in the company.
