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After finishing at $8.14 in the prior trading day, AMC Networks Inc (NASDAQ: AMCX) closed at $7.85, down -3.56%. In other words, the price has decreased by -$3.56 from its previous closing price. On the day, 3.89 million shares were traded. AMCX stock price reached its highest trading level at $8.325 during the session, while it also had its lowest trading level at $7.56.
Ratios:
Our goal is to gain a better understanding of AMCX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.88. For the most recent quarter (mrq), Quick Ratio is recorded 2.12 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 2.36 whereas as Long-Term Debt/Eq ratio is at 2.30.
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 346170080 and an Enterprise Value of 2242365184. As of this moment, AMC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.98, and their Forward P/E ratio for the next fiscal year is 1.70. 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 0.33. Its current Enterprise Value per Revenue stands at 0.883 whereas that against EBITDA is 4.203.
Stock Price History:
Over the past 52 weeks, AMCX has reached a high of $20.97, while it has fallen to a 52-week low of $7.51. The 50-Day Moving Average of the stock is -20.31%, while the 200-Day Moving Average is calculated to be -40.94%.
Shares Statistics:
The stock has traded on average 1.54M shares per day over the past 3-months and 3105280 shares per day over the last 10 days, according to various share statistics. A total of 32.08M shares are outstanding, with a floating share count of 31.32M. Insiders hold about 28.97% of the company’s shares, while institutions hold 90.22% stake in the company. Shares short for AMCX as of 1724976000 were 10852779 with a Short Ratio of 7.06, compared to 1722384000 on 11300193. Therefore, it implies a Short% of Shares Outstanding of 10852779 and a Short% of Float of 48.490003.
