AMC Entertainment Holdings Inc (NYSE: AMC) stock jumped 0.54% on Friday to $7.43 against a previous-day closing price of $7.39. With 13.05 million shares changed hands, the volume of the stock remained lighter than its average volume of 23.65 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $7.50 whereas the lowest price it dropped to was $7.26. The 52-week range on AMC shows that it touched its highest point at $80.74 and its lowest point at $7.05 during that stretch. It currently has a 1-year price target of $8.95. Beta for the stock currently stands at 1.81.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMC was down-trending over the past week, with a drop of -7.24%, but this was down by -20.62% over a month. Three-month performance dropped to -73.01% while six-month performance fell -83.26%. The stock lost -88.82% in the past year, while it has lost -79.31% so far this year. A look at the trailing 12-month EPS for AMC yields -0.36 with Next year EPS estimates of -1.22. For the next quarter, that number is -0.49. This implies an EPS growth rate of 67.52% for this year and 54.25% for next year.
Float and Shares Shorts:
At present, 198.36 million AMC shares are outstanding with a float of 197.80 million shares on hand for trading. On Oct 30, 2023, short shares totaled 18.52 million, which was 9.34% higher than short shares on Sep 28, 2023. In addition to Mr. Adam M. Aron as the firm’s Chairman, President & CEO, Mr. Sean D. Goodman serves as its Executive VP of International Operations, CFO & Treasurer.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMC analysts setting a high price target of $15.00 and a low target of $4.75, the average target price over the next 12 months is $8.95. Based on these targets, AMC could surge 101.88% to reach the target high and fall by -36.07% to reach the target low. Reaching the average price target will result in a growth of 20.46% from current levels.
Summary of Insider Activity:
Insiders traded AMC stock several times over the past three months with 16 Buys and 0 Sells. In these transactions, 290,624 shares were bought while 0 shares were sold. The number of buy transactions has increased to 50 while that of sell transactions has risen to 63 over the past year. The total number of shares bought during that period was 4,494,300 while 82,874,286 shares were sold.
