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. Yahoo Finance discussed the stock recently as it posted AMC Entertainment Holdings, Inc. to Announce Fourth Quarter and Full Year 2023 Results and Host Earnings Webcast.

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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 $4.66 and fluctuated between $4.8063 as its day high and $4.5501 as its day low. The current market capitalization of AMC Entertainment Holdings Inc is $1.23B. A total of 9.02 million shares were traded on the day, compared to an average of 16.94M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, AMC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 42 BUYs and 50 SELLs from insiders. Insiders purchased 3,577,080 shares during that period but sold 63,737,712.

In the most recent transaction, Antara Capital LP sold 7,993,400 shares of AMC for 1.73 per share on Jun 28. After the transaction, the 10% Owner now owns 93,911,906 company shares. In a previous transaction on Jun 27, Antara Capital LP sold 3,573,030 shares at 1.79 per share. AMC shares that 10% Owner owns now total 101,905,306.

Among the insiders who sold shares, Antara Capital LP disposed of 2,371,887 shares on Jun 26 at a per-share price of $1.79. This resulted in the 10% Owner holding 105,478,336 shares of AMC after the transaction. In another insider transaction, Antara Capital LP sold 2,650,100 shares at $1.82 per share on Jun 23. Company shares held by the 10% Owner now total 107,850,223.

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 $0.0250 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 $0.0750 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 $6.22 with high estimates of $12.00 and low estimates of $4.00. In terms of 52-week highs and lows, AMC has a high of $75.26 and a low of $3.59.

As of this writing, AMC has an earnings estimate of -$0.55 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.9. The company reported an EPS of $0.09 in the last quarter, which was 124.30% higher than expectations of -$0.37.

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. AMC’s latest balance sheet shows that the firm has $1.59B in Cash & Short Term Investments as of fiscal 2021. There were $10.75B in debt and $1.79B in liabilities at the time. Its Book Value Per Share was -$10.78, while its Total Shareholder’s Equity was -$1.79B.

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, 0 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 Buy with a score of 2.14.

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