AMC Entertainment Holdings, Inc AMC Stock Price, News, Quote & History

No investment decision can be efficient without considering a stock’s valuation. Whether a stock’s current price rightly reflects the intrinsic value of the underlying business and the company’s growth prospects is an essential determinant of its future price performance. The consensus earnings estimate of -$0.97 for the current fiscal year indicates a year-over-year change of +59.1%. AMC shares are falling ahead of a Should i invest in apple 10-to-1 reverse stock split scheduled to take effect Thursday.

A more straightforward question to answer might be, what isn’t happening? Before this week’s announcement, a flurry of activity in AMC stock in recent weeks has left investors uneasy.

Movie Theater Stocks Rise After Record-Setting Thanksgiving Feast

But the company would prefer to risk the wrath of Wall Street than stop its plans to sell shares to raise some much-needed cash to fix its liquidity problems. AMC’s latest earnings report for the second quarter was a bright spot against a dismal performance for the stock. AMC reported earnings of 1 cent per share on revenue of $1.35 billion, far surpassing analyst expectations of a loss of 4 cents per share on $1.29 billion revenue. If anyone thinks AMC wants to get into a litigation fight with its shareholders over conversion plans and stock sales for fun, they’re wrong. It’s all being fought to pay off some of AMC’s considerable debt mountain, which Bloomberg puts the figure at $9.5 billion.

Latest AMC news

The U.S. stock market is highly valued, driven by Big Tech and AI investments, with speculative fervor reminiscent of the late 1990s. Still, shareholders shouldn’t get too excited, as food and beverage companies have historically carried low profit margins. AMC’s branded popcorn hasn’t exactly had a significant effect on AMC stock, either. Meanwhile, AMC stock has declined by more than 8% during the past month. This is likely the result of the dilutive effects of issuing new shares.

Projected Revenue Growth

AMC shares closed at a record low on Wednesday, plunging 37% to hit a price of $8.62. That’s on top of a 35% share price slide that happened after AMC converted its stock in August, taking AMC’s share price down 83.7% since the start of the year. The movie theater operator’s stock has dropped by 16.5% in the past month, falling short of the Consumer Discretionary sector’s loss of 0.2% and the S&P 500’s gain of 2.69%. Last Friday, Citigroup analyst Jason Bazinet maintained AMC Entertainment Holdings with a Sell rating and lowered the price target from $1.65 to $1.55. Tuesday morning, AMC announced it had just2trade online broker review and current promotions raised $250 million off the run-up in its stock value from the near-doubling of its share price Monday (though it was just $3 to $5 per share).

The previous record-low stock price close was $10.73, seen in January 2021, with Wednesday’s close considerably under that. AMC previously reached memestock status in 2021 when Reddit retail traders bought up the stock while it was heavily shorted. Since then, AMC has capitalized on the stock’s newfound notoriety by regularly issuing new shares to raise capital. That attitude helped AMC survive the pandemic, but now, investors have had enough.

AMC Entertainment Holdings, Inc. (AMC) Is a Trending Stock: Facts to Know Before Betting on It

That’s because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Macy’s (M) traded down after an employee hid up to $154 million in expenses. Wicked and Gladiator 2 pulled in strong box office numbers over their opening weekend, helping theater stocks like AMC Ente… The units had only been publicly traded on the New York Stock Exchange for a year, and the conversion only went ahead after a settlement was reached with its shareholders. Under the agreement, AMC will provide an estimated $129 million of stock to common shareholders to nix any legal claims about the stock conversion plan in the bud. Member rewards include free size upgrades on popcorn and fountain drinks and priority lane access.

Investors Heavily Search NVIDIA Corporation (NVDA): Here is What You Need to Know

The company has more than $4 billion in long-term debt on the books and interest… Movie-theater chain and original meme stock AMC expects a box-office boost from a slate of major releases in 2025. The return to social media of Keith Gill, also known as Roaring Kitty, thrust original meme stocks AMC and GameStop back into the spotlight in 2024. Discover which analysts rank highest on predicting the price target of AMC. Discover which analysts rank highest 5 best stocks to buy for 2021 for AMC overall weighted by direction, price target, and price movement. Wednesday’s drop was the biggest one-day sell-off AMC stock has seen since February 2021.

• AMC Entertainment reported revenues of $1.35 billion in the last reported quarter, representing a year-over-year change of -4.1%.
• Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
• The Street-high target is currently at $6 and the Street-low target is $4.
• Fueled by online forum discussion, especially on Reddit, Cohen attracted an army of believers in his strategy that sent the value of GameStop stock to as high as $81.25 after never breaking $14 a share.
• No investment decision can be efficient without considering a stock’s valuation.
• That hasn’t helped the share price recover, nor does it look set to do so anytime soon if AMC plans more share sales.
• The movie theater operator’s stock has dropped by 16.5% in the past month, falling short of the Consumer Discretionary sector’s loss of 0.2% and the S&P 500’s gain of 2.69%.

That investment group, Beijing-based Wanda Group, is still the company’s largest shareholder. Despite a strong latest quarterly earnings beat, AMC is still struggling to stay afloat – and is being pretty open about its financial woes. That hasn’t helped the share price recover, nor does it look set to do so anytime soon if AMC plans more share sales. The average analyst price target suggests the stock could have further upside ahead.

• Wall Street analysts have an average 12-month price target of $5 on AMC.
• Next year, the company has plans to expand its selection of sweets.
• Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged.
• These returns cover a period from January 1, 1988 through December 30, 2024.
• But the goals of meme-stock participants are not solely to make a quick buck.
• It’s also important for investors to be aware of any recent modifications to analyst estimates for AMC Entertainment.
• The company has more than $4 billion in long-term debt on the books and interest…

Members will also receive a free large popcorn and fountain drink birthday gift. The new tier level also frees members from online ticketing fees for ticket purchases of four or greater and offers two times the reward points, which can be redeemed for tickets and concessions. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

For AMC Entertainment, the consensus sales estimate for the current quarter of $1.27 billion indicates a year-over-year change of +15.3%. For the current and next fiscal years, $4.6 billion and $5.08 billion estimates indicate -4.3% and +10.3% changes, respectively. It’s also important for investors to be aware of any recent modifications to analyst estimates for AMC Entertainment.