AMC Entertainment Holdings Inc (NYSE: AMC) on Friday, plunged -4.04% from the previous trading day, before settling in for the closing price of $5.20. Within the past 52 weeks, AMC’s price has moved between $2.38 and $54.97.
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Communication Services Sector giant saw their annual sales surged by 20.83% over the last five years. The company achieved an average annual earnings per share of 36.34%. With a float of $294.50 million, this company’s outstanding shares have now reached $295.59 million.
The firm has a total of 33812 workers. Let’s measure their productivity.
AMC Entertainment Holdings Inc (AMC) Insider Activity
Observing investor behavior towards Entertainment industry stocks is more important than anything else. The insider ownership of AMC Entertainment Holdings Inc is 0.37%, while institutional ownership is 29.34%. 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) Earnings and Forecasts
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.09 earnings per share (EPS) for the period topping the consensus outlook (set at -0.37) by 0.46. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 36.34% per share during the next fiscal year.
AMC Entertainment Holdings Inc (NYSE: AMC) Trading Performance Indicators
AMC Entertainment Holdings Inc (AMC) is currently performing well based on its current performance indicators. A quick ratio of 0.61 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.37, a number that is poised to hit -0.35 in the next quarter and is forecasted to reach -0.48 in one year’s time.
Technical Analysis of AMC Entertainment Holdings Inc (AMC)
Analysing the last 5-days average volume posted by the [AMC Entertainment Holdings Inc, AMC], we can find that recorded value of 41.57 million was better than the volume posted last year of 38.47 million. As of the previous 9 days, the stock’s Stochastic %D was 39.99%. Additionally, its Average True Range was 0.73.
During the past 100 days, AMC Entertainment Holdings Inc’s (AMC) raw stochastic average was set at 27.47%, which indicates a significant decrease from 47.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 126.71% in the past 14 days, which was lower than the 143.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.96, while its 200-day Moving Average is $5.94. Now, the first resistance to watch is $5.38. This is followed by the second major resistance level at $5.78. The third major resistance level sits at $6.02. If the price goes on to break the first support level at $4.74, it is likely to go to the next support level at $4.50. Should the price break the second support level, the third support level stands at $4.10.
AMC Entertainment Holdings Inc (NYSE: AMC) Key Stats
Market capitalization of the company is 1.47 billion based on 295,588K outstanding shares. Right now, sales total 4,813 M and income totals -396,600 K. The company made 951,400 K in profit during its latest quarter, and -163,500 K in sales during its previous quarter.
