As of Monday, AMC Entertainment Holdings Inc.’s (NYSE:AMC) stock closed at $15.37, up from $14.56 the previous day. While AMC Entertainment Holdings Inc. has overperformed by 5.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMC fell by -58.48%, with highs and lows ranging from $52.79 to $9.70, whereas the simple moving average fell by -28.69% in the last 200 days.
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On November 04, 2021, Wedbush Downgraded AMC Entertainment Holdings Inc. (NYSE: AMC) to Underperform. A report published by Macquarie on September 01, 2021, Downgraded its rating to ‘Underperform’ for AMC. B. Riley Securities also Downgraded AMC shares as ‘Neutral’, setting a target price of $16 on the company’s shares in a report dated May 26, 2021. B. Riley Securities April 05, 2021d the rating to Buy on April 05, 2021, and set its price target from $7 to $13. MKM Partners February 01, 2021d its ‘Neutral’ rating to ‘Sell’ for AMC, as published in its report on February 01, 2021. B. Riley Securities’s report from November 03, 2020 suggests a price prediction of $3.50 for AMC shares, giving the stock a ‘Neutral’ rating. B. Riley Securities also rated the stock as ‘Neutral’.
Analysis of AMC Entertainment Holdings Inc. (AMC)
Further, the quarter-over-quarter increase in sales is 429.80%, showing a positive trend in the upcoming months.
One of the most important indicators of AMC Entertainment Holdings Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 59.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and AMC is recording 41.69M average volume. On a monthly basis, the volatility of the stock is set at 8.10%, whereas on a weekly basis, it is put at 6.54%, with a gain of 3.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.09, showing decline from the present price of $15.37, which can serve as yet another indication of whether AMC is worth investing in or should be passed over.
How Do You Analyze AMC Entertainment Holdings Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 35.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in AMC shares?
The recent increase in stakes in AMC appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in AMC has increased by 0.82% in the first quarter. The company now owns 46,226,354 shares of the stock, with a value of $626.37 million, following the purchase of 373,965 additional shares during the last quarter. BlackRock Fund Advisors made another decreased to its shares in AMC during the first quarter, downing its stake by -1.97%. During the last quarter, the company picked up -674,576 additional shares for a total stake of worth $454.82 million, bringing number of shares owned by the company to 33,565,864.
During the first quarter, SSgA Funds Management, Inc. added a 107,221 position in AMC. D. E. Shaw & Co. LP purchased an additional 6.61 million shares in the last quarter, increasing its holdings by 132.38%, now holding 11.61 million shares worth $157.29 million. At the end of the first quarter, Geode Capital Management LLC increased its AMC holdings by 1.26% and now holds 9.24 million AMC shares valued at $125.16 million with the added 0.11 million shares during the period. AMC shares are owned by institutional investors to the tune of 35.20% at present.