The price of AMC Networks Inc. (NASDAQ:AMCX) shares last traded on Wall Street fell -1.54% to $16.59.
Based on available information, 9 analysts follow AMC Networks Inc. (NASDAQ:AMCX). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $15.00, we find $23.00. Given the previous closing price of $16.85, this indicates a potential upside of 36.5 percent. AMCX stock price is now -13.63% away from the 50-day moving average and -30.45% away from the 200-day moving average. The market capitalization of the company currently stands at $758.83M.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
Among analysts, 6 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $22.00 as their price target over the next twelve months.
With the price target enhanced from $32 to $48, Deutsche Bank Downgraded its rating from Hold to Sell for AMC Networks Inc. (NASDAQ: AMCX). On May 14, 2021, Goldman Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $49 to quote $51, while ‘Wells Fargo’ rates the stock as ‘Underweight’.
In other news, Gallagher James, EVP and General Counsel sold 20,000 shares of the company’s stock on Feb 22. The stock was sold for $463,000 at an average price of $23.15. Upon completion of the transaction, the EVP and General Counsel now directly owns 28,867 shares in the company, valued at $0.48 million. Insiders disposed of 105,073 shares of company stock worth roughly $1.74 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AMCX stock. A new stake in AMC Networks Inc. shares was purchased by GRAHAM CAPITAL MANAGEMENT, L.P. during the first quarter worth $2,674,000. MARSHALL WACE, LLP invested $1,371,000 in shares of AMCX during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in AMC Networks Inc. valued at approximately $1,073,000. ERGOTELES LLC acquired a new stake in AMCX for approximately $959,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND purchased a new stake in AMCX valued at around $946,000 in the second quarter. In total, there are 276 active investors with 89.10% ownership of the company’s stock.
A candlestick chart of AMC Networks Inc. (NASDAQ: AMCX) showed a price of $17.74 on Tuesday morning. During the past 12 months, AMC Networks Inc. has had a low of $14.45 and a high of $43.74. As of last week, the company has a debt-to-equity ratio of 3.51, a current ratio of 1.70, and a quick ratio of 1.70. The fifty day moving average price for AMCX is $19.23 and a two-hundred day moving average price translates $23.74 for the stock.
The latest earnings results from AMC Networks Inc. (NASDAQ: AMCX) was released for Sep, 2022. According to the Entertainment Company, earnings per share came in at $2.09, beating analysts’ expectations of $1.77 by 0.32. This compares to $0.54 EPS in the same period last year. The net profit margin was 0.20% and return on equity was 0.80% for AMCX. The company reported revenue of $964.52 million for the quarter, compared to $803.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.01 percent. For the current quarter, analysts expect AMCX to generate $947.78M in revenue.
AMC Networks Inc.(AMCX) Company Profile
AMC Networks Inc., an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, Domestic Operations, and International and Other. The Domestic Operations segment operates various national programming networks, including the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV; provides subscription streaming services comprising Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE, as well as AMC+ and other streaming initiatives; and engages in film distribution business under the IFC Films name. This segment also produces and licenses original programming for various programming networks, as well as services the national programming networks. The International and Other segment operates a portfolio of channels under the AMCNI name; and production and comedy venues activities under the Levity name. AMC Networks Inc. was founded in 1980 and is headquartered in New York, New York.
