The 1 Week Price Change displays the percentage price change over the last 5 trading days using the most recently completed close to the close from 5 days before. According to the issued ratings of 6 analysts in the last year, the consensus rating for AMC Entertainment stock is Strong Sell based on the current 4 sell ratings and 2 hold ratings for AMC. The average twelve-month price prediction for AMC Entertainment is $9.75 with a high price target of $19.00 and a low price target of $4.75. Three years ago, the movie-theater chain went from a beleaguered pandemic victim to meme-stock phenomenon.
“AMC has taken numerous actions to improve its financial position. However, significant uncertainty remains for the company due to the high degree of leverage in its business model,” the analyst summed up. Over the past year, AMC has been burning cash in its efforts to keep the theater lights on. That said, the debt burden has been reduced and the company has freed up desperately needed liquidity via negotiations with landlords, vendors and creditors.
- That investment group, Beijing-based Wanda Group, is still the company’s largest shareholder.
- Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.
- That is, a holder of 10 shares of AMC now owns just one share, but the share price got multiplied by 10.
- After the P/E ratio, it’s one of the most common valuation metrics.
The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. Current projections from Wold show AMC is unlikely to move into positive free cash flow territory until 2025, so having additional liquidity is necessary for the company’s immediate future. They just revealed what they believe are the ten best stocks for investors to buy right now…
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This suggests a possible upside of 139.6% from the stock’s current price. View analysts price targets for AMC or view top-rated stocks among Wall Street analysts. 6 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for AMC Entertainment in the last year.
AMC Entertainment Holdings Inc. Cl A
“Investor optimism had been driven by the belief there would be aggressive rate cuts by the Fed,” Donabedian said. “Now investor belief has pivoted to view the economy as bullet-proof. No matter how high interest rates go, the economy will continue to glide right through.” Stocks closed higher on Monday, marking another record-breaking session. According to analysts and technical indicators, the future doesn’t look bright for this stock. However, despite the odds, time will tell whether it will manage to pull through.
On Aug. 24, trading in AMC stock reflected the 1-for-10 reverse stock split. That is, a holder of 10 shares of AMC now owns just one share, but the share price got multiplied by 10. The company on Aug. 18 issued a new 8-K filing to the SEC with details on the conversion of the APEs. The conversion resulted in the trading of a single class of AMC shares and the completed 1-for-10 reverse split of common shares. On Wednesday, after the Federal Reserve’s first meeting of 2024 on interest rates concluded, the stock finished 1.5% lower to a record low of 4.05 and dropped nearly 34% for the month. In all of January, AMC shares rose in only four separate sessions.
The company reported net income of $12.3 million in the third quarter, a vast improvement from a net loss of $227 million a year earlier. AMC also said it achieved diluted earnings of 8 cents a share vs. a net loss of $2.20. Adjusted EBITDA jumped to $193.7 million from a negative $12.9 million a year ago. After the company reported third-quarter results on Nov. 8, shares dropped more than 25% for the week in accelerating turnover.
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And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. This allows the investor to be as broad or as specific as they want to be when selecting stocks. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
“My negative view towards the shares is really a valuation call,” Handler said. “We continue to believe the company’s shares are trading at an irrational valuation.” AMC also is planning a 10-to-1 reverse stock trading212 broker split of its common stock on Thursday. AMC Entertainment shares plummeted more than 20% on Tuesday, slipping to a new 52-week low of $2.46 per share, as investors brace for a stock conversion later this week.
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The company also issued disappointing fourth-quarter earnings guidance. Communication services, real estate, financials and information technology also aided the S&P 500, with each sector up more than 0.5% in the session. Energy, consumer staples, consumer discretionary and utilities were all in the red, restricting gains for the index. Industrial stocks gave upward momentum to the S&P 500 on Monday, helping the broad index notch new all-time records. At session high, the blue-chip average rose around 245 points, or 0.65%, for a new all-time record.
As an investor, you want to buy stocks with the highest probability of success. Wold currently holds a $4.50 price target for the stock, on the high end of analysts who cover AMC. Analysts like AMC Entertainment less than other Consumer Discretionary companies. The consensus rating for AMC Entertainment is Sell while the average consensus rating for consumer discretionary companies is Moderate Buy.
Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Like most ratios, this number will vary from industry to industry. The Current Ratio is defined as current assets divided by current liabilities. While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective. Also, by looking at the rate of this item, rather than the actual dollar value, it makes for easier comparisons across the industry and peers. Current Cash Flow Growth measures the percent change in the year over year Cash Flow.
The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. Once again, cash flow is net income plus depreciation and other non-cash charges. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. It’s then divided by the number of shares outstanding to determine how much cash is generated per share. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity.
In fact, FactSet data shows S&P 500 earnings are tracking to have fallen 1.9% in the fourth quarter. If that bears out, it would be the fourth time in the past five quarters earnings dropped year over year, according to a Friday https://traderoom.info/ note from FactSet’s John Butters. The fourth-quarter earnings season is off to a lackluster beginning. Of the 52 S&P 500 companies that have reported thus far, only 69% have posted a positive surprise, according to FactSet data.