AMC Networks Inc (NASDAQ: AMCX) on Monday, plunged -6.81% from the previous trading day, before settling in for the closing price of $8.22. Within the past 52 weeks, AMCX’s price has moved between $7.08 and $20.97.
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A company in the Communication Services sector has dropped its sales by -1.50% annually for the last half of the decade. The company achieved an average annual earnings per share of -31.59%. With a float of $31.35 million, this company’s outstanding shares have now reached $32.08 million.
In an organization with 1900 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 49.44%, operating margin of 13.01%, and the pretax margin is 4.85%.
AMC Networks Inc (AMCX) Insider Updates
Observing investor behavior towards Entertainment industry stocks is more important than anything else. The insider ownership of AMC Networks Inc is 28.92%, while institutional ownership is 93.21%. The most recent insider transaction that took place on May 23 ’24, was worth 188,404. In this transaction Chief Commercial Officer of this company sold 10,941 shares at a rate of $17.22, taking the stock ownership to the 0 shares. Before that another transaction happened on May 21 ’24, when Company’s EVP & Chief Financial Officer sold 6,459 for $16.32, making the entire transaction worth $105,387. This insider now owns 0 shares in total.
AMC Networks Inc (AMCX) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.85 earnings per share (EPS) for the period topping the consensus outlook (set at 1.28) by 0.57. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.49 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -31.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -3.60% during the next five years compared to -8.34% drop over the previous five years of trading.
AMC Networks Inc (NASDAQ: AMCX) Trading Performance Indicators
AMC Networks Inc (AMCX) is currently performing well based on its current performance indicators. A quick ratio of 2.12 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 0.13. Likewise, its price to free cash flow for the trailing twelve months is 0.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.31, a number that is poised to hit 0.65 in the next quarter and is forecasted to reach 4.16 in one year’s time.
Technical Analysis of AMC Networks Inc (AMCX)
Let’s dig in a bit further. During the last 5-days, its volume was 0.73 million. That was inferior than the volume of 1.08 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 47.43%. Additionally, its Average True Range was 0.47.
During the past 100 days, AMC Networks Inc’s (AMCX) raw stochastic average was set at 5.04%, which indicates a significant decrease from 10.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.26% in the past 14 days, which was lower than the 90.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.84, while its 200-day Moving Average is $12.19. However, in the short run, AMC Networks Inc’s stock first resistance to watch stands at $8.04. Second resistance stands at $8.42. The third major resistance level sits at $8.63. If the price goes on to break the first support level at $7.46, it is likely to go to the next support level at $7.25. Assuming the price breaks the second support level, the third support level stands at $6.87.
AMC Networks Inc (NASDAQ: AMCX) Key Stats
Market capitalization of the company is 337.81 million based on 43,562K outstanding shares. Right now, sales total 2,712 M and income totals 215,460 K. The company made 625,930 K in profit during its latest quarter, and -29,230 K in sales during its previous quarter.
