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The closing price of AMC Networks Inc (NASDAQ: AMCX) was $7.98 for the day, up 0.38% from the previous closing price of $7.95. In other words, the price has increased by $0.38 from its previous closing price. On the day, 0.59 million shares were traded. AMCX stock price reached its highest trading level at $8.18 during the session, while it also had its lowest trading level at $7.86.
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 0.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.89. 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:
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:
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 351902848 and an Enterprise Value of 2248098048. As of this moment, AMC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.08, and their Forward P/E ratio for the next fiscal year is 1.73. 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 0.886 whereas that against EBITDA is 4.213.
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 $7.08. The 50-Day Moving Average of the stock is -12.37%, while the 200-Day Moving Average is calculated to be -36.26%.
Shares Statistics:
AMCX traded an average of 1.27M shares per day over the past three months and 725850 shares per day over the past ten days. A total of 32.08M shares are outstanding, with a floating share count of 31.35M. Insiders hold about 28.92% of the company’s shares, while institutions hold 92.38% stake in the company. Shares short for AMCX as of 1727654400 were 7515267 with a Short Ratio of 5.90, compared to 1724976000 on 10852779. Therefore, it implies a Short% of Shares Outstanding of 7515267 and a Short% of Float of 33.580002.
