The price of AMC Entertainment Holdings Inc (NYSE:AMC) shares last traded on Wall Street rose 2.60% to $7.11.
Based on available information, 7 analysts follow AMC Entertainment Holdings Inc (NYSE:AMC). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $5.00, we find $8.00. Given the previous closing price of $6.93, this indicates a potential upside of 15.44 percent. AMC stock price is now -17.13% away from the 50-day moving average and -76.41% away from the 200-day moving average. The market capitalization of the company currently stands at $1.41B.
Among analysts, 4 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $8.95 as their price target over the next twelve months.
With the price target reduced from $15.50 to $4.75, Citigroup maintained Sell rating for AMC Entertainment Holdings Inc (NYSE: AMC).
In other news, Antara Capital LP, 10% Owner sold 7,993,400 shares of the company’s stock on Jun 28. The stock was sold for $13,815,317 at an average price of $1.73. Upon completion of the transaction, the 10% Owner now directly owns 93,911,906 shares in the company, valued at $667.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 27, 10% Owner Antara Capital LP sold 3,573,030 shares of the business’s stock. A total of $6,395,362 was realized by selling the stock at an average price of $1.79. This leaves the insider owning 101,905,306 shares of the company worth $724.55 million. Insiders disposed of 76,049,335 shares of company stock worth roughly $540.71 million over the past 1 year. A total of 0.28% of the company’s stock is owned by insiders.
During the past 12 months, AMC Entertainment Holdings Inc has had a low of $6.52 and a high of $75.26. The fifty day moving average price for AMC is $8.58 and a two-hundred day moving average price translates $33.70 for the stock.
The latest earnings results from AMC Entertainment Holdings Inc (NYSE: AMC) was released for Sep, 2023. According to the Entertainment Company, earnings per share came in at $0.08, beating analysts’ expectations of -$0.15 by 0.23. This compares to -$2.20 EPS in the same period last year. The company reported revenue of $1.41 billion for the quarter, compared to $968.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.18 percent. For the current quarter, analysts expect AMC to generate $1.07B in revenue.
