Can AMC Networks Inc’s (AMCX) hike of 6.01% in a week be considered a lucky break?

On Tuesday, AMC Networks Inc (NASDAQ: AMCX) was -1.21% drop from the session before settling in for the closing price of $9.10. A 52-week range for AMCX has been $7.08 – $20.97.

It was noted that within the last five years, the titan of the Communication Services sector saw sales slided by -1.50%. When this article was written, the company’s average yearly earnings per share was at -38.78%. With a float of $28.71 million, this company’s outstanding shares have now reached $32.08 million.

The extent of productivity of a business whose workforce counts for 1900 workers is very important to gauge. In terms of profitability, gross margin is 48.57%, operating margin of 12.11%, and the pretax margin is 3.92%.

AMC Networks Inc (AMCX) Insider and Institutional Ownership

Also, it is sometimes useful to examine the sentiment of large-scale investors toward AMC Networks Inc stocks. The insider ownership of AMC Networks Inc is 34.92%, while institutional ownership is 76.85%. 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) Latest Financial update

According to the Wall Street analysts, stocks earnings will be around -38.78% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -5.20% 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

You can see what AMC Networks Inc (AMCX) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.31. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.16. Likewise, its price to free cash flow for the trailing twelve months is 1.14.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.63, a number that is poised to hit 1.05 in the next quarter and is forecasted to reach 3.63 in one year’s time.

Technical Analysis of AMC Networks Inc (AMCX)

The latest stats from [AMC Networks Inc, AMCX] show that its last 5-days average volume of 1.06 million was inferior to 1.06 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 51.62%. Additionally, its Average True Range was 0.52.

During the past 100 days, AMC Networks Inc’s (AMCX) raw stochastic average was set at 42.54%, which indicates a significant decrease from 48.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.59% in the past 14 days, which was higher than the 58.31% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $8.33, while its 200-day Moving Average is $11.17. Now, the first resistance to watch is $9.11. This is followed by the second major resistance level at $9.24. The third major resistance level sits at $9.34. If the price goes on to break the first support level at $8.88, it is likely to go to the next support level at $8.78. The third support level lies at $8.65 if the price breaches the second support level.

AMC Networks Inc (NASDAQ: AMCX) Key Stats

There are 44,121K outstanding shares of the company, which has a market capitalization of 396.65 million. As of now, sales total 2,712 M while income totals 215,460 K. Its latest quarter income was 599,610 K while its last quarter net income were 41,380 K.