The stock of AMC Entertainment Holdings Inc (NYSE:AMC) last traded at $4.08, down -2.86% from the previous session.
AMC stock price is now -6.82% away from the 50-day moving average and -74.19% away from the 200-day moving average. The market capitalization of the company currently stands at $1.07B.
With the price target reduced from $12 to $8, B. Riley Securities maintained Neutral rating for AMC Entertainment Holdings Inc (NYSE: AMC). On September 26, 2023, Citigroup reiterated its ‘Sell’ rating on the stock by increasing its target price from $15.50 to quote $4.75, while ‘Wedbush’ rates the stock as ‘Neutral’
In other news, Antara Capital LP, 10% Owner sold 7,993,400 shares of the company’s stock on Jun 28 ’23. 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 $383.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 27 ’23, 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 $415.77 million. A total of 0.34% of the company’s stock is owned by insiders.
During the past 12 months, AMC Entertainment Holdings Inc has had a low of $3.59 and a high of $54.97. The fifty day moving average price for AMC is $4.3618 and a two-hundred day moving average price translates $17.0219 for the stock.
The latest earnings results from AMC Entertainment Holdings Inc (NYSE: AMC) was released for Dec, 2023. According to the Entertainment Company, earnings per share came in at -$0.83, missing analysts’ expectations of -$0.69 by -0.14. This compares to -$2.65 EPS in the same period last year. The company reported revenue of $1.1 billion for the quarter, compared to $990.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.45 percent. For the current quarter, analysts expect AMC to generate $839.6M in revenue.
