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Wednesday, February 8, 2023

Is AMC Entertainment Holdings Inc. (NYSE: AMC) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for AMC Entertainment Holdings Inc. (AMC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0007, or 0.01%, to $5.5007. The AMC Entertainment Holdings Inc. has recorded 681,124 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted AMC Theatres® Celebrates National Popcorn Day by Slashing Popcorn Prices in Half on Thursday, January 19.

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Stocks Info

This NYSE-listed company operates within the Entertainment industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $5.50 and fluctuated between $5.95 as its day high and $5.40 as its day low. The current market capitalization of AMC Entertainment Holdings Inc. is $2.84B. A total of 24.1 million shares were traded on the day, compared to an average of 28.71M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, AMC has seen 9 BUY and 9 SELL insider trades, representing the acquisition of 943,335 and the disposition of 438,352 shares. Over the last 12 months, there were 25 BUYs and 31 SELLs from insiders. Insiders purchased 2,967,775 shares during that period but sold 1,824,621.

In the most recent transaction, Goodman Sean D. sold 80,750 shares of AMC for 4.68 per share on Jan 11. After the transaction, the EVP & CFO now owns 4,420 company shares. In a previous transaction on Aug 08, COX CHRIS A sold 12,000 shares at 25.00 per share. AMC shares that SVP & CHIEF ACCOUNTING OFFICER owns now total 1,250.

Among the insiders who sold shares, MCDONALD JOHN D disposed of 25,000 shares on Mar 31 at a per-share price of $23.91. This resulted in the EVP, US OPERATIONS holding 1,463 shares of AMC after the transaction. In another insider transaction, FRANK ELIZABETH F sold 20,000 shares at $29.91 per share on Mar 29. Company shares held by the EVP & CHIEF CONTENT OFFICER now total 4,168.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. AMC’s most recent ex-dividend date was 8/12/2022 when it declared a $0.0025 quarterly dividend that was paid in cash on 8/19/2022. Previously, the company paid the dividend on 3/23/2020 with an ex-dividend date of 3/6/2020. The AMC stock dividend was $0.0075 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for AMC in the last 3 months, the mean price target is $2.39 with high estimates of $4.50 and low estimates of $0.50. In terms of 52-week highs and lows, AMC has a high of $21.09 and a low of $3.77.

As of this writing, AMC has an earnings estimate of -$0.24 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.12 per share and a lower estimate of -$0.31. The company reported an EPS of -$0.65 in the last quarter, which was -3.20% lower than expectations of -$0.63.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMC is Overweight with a score of 2.20. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 4 thought it should be Sold.

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