On Friday, AMC Entertainment Holdings Inc (NYSE: AMC) opened lower -5.36% from the last session, before settling in for the closing price of $2.80. Price fluctuations for AMC have ranged from $2.73 to $54.97 over the past 52 weeks.
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A company in the Communication Services sector has jumped its sales by 20.83% annually for the last half of the decade. Company’s average yearly earnings per share was noted 16.22% at the time writing. With a float of $262.71 million, this company’s outstanding shares have now reached $263.61 million.
In an organization with 33812 employees, it is important to assess its efficiency.
AMC Entertainment Holdings Inc (AMC) Insider Updates
A key investor’s attitude towards the stock of the Entertainment industry is another important factor to consider. The insider ownership of AMC Entertainment Holdings Inc is 0.34%, while institutional ownership is 28.70%. The most recent insider transaction that took place on Jun 28 ’23, was worth 13,815,317. In this transaction 10% Owner of this company sold 7,993,400 shares at a rate of $1.73, taking the stock ownership to the 93,911,906 shares. Before that another transaction happened on Jun 27 ’23, when Company’s 10% Owner sold 3,573,030 for $1.79, making the entire transaction worth $6,395,362. This insider now owns 101,905,306 shares in total.
AMC Entertainment Holdings Inc (AMC) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.65 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.22% per share during the next fiscal year.
AMC Entertainment Holdings Inc (NYSE: AMC) Trading Performance Indicators
Check out the current performance indicators for AMC Entertainment Holdings Inc (AMC). In the past quarter, the stock posted a quick ratio of 0.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.15.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.92, a number that is poised to hit -0.82 in the next quarter and is forecasted to reach -0.68 in one year’s time.
Technical Analysis of AMC Entertainment Holdings Inc (AMC)
Let’s dig in a bit further. During the last 5-days, its volume was 13.53 million. That was inferior than the volume of 14.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 6.15%. Additionally, its Average True Range was 0.23.
During the past 100 days, AMC Entertainment Holdings Inc’s (AMC) raw stochastic average was set at 0.81%, which indicates a significant decrease from 2.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 93.00% in the past 14 days, which was higher than the 73.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.07, while its 200-day Moving Average is $14.06. However, in the short run, AMC Entertainment Holdings Inc’s stock first resistance to watch stands at $2.75. Second resistance stands at $2.85. The third major resistance level sits at $2.92. If the price goes on to break the first support level at $2.58, it is likely to go to the next support level at $2.51. Assuming the price breaks the second support level, the third support level stands at $2.41.
AMC Entertainment Holdings Inc (NYSE: AMC) Key Stats
There are currently 263,278K shares outstanding in the company with a market cap of 698.57 million. Presently, the company’s annual sales total 4,813 M according to its annual income of -396,600 K. Last quarter, the company’s sales amounted to 1,104 M and its income totaled -182,000 K.
