B. Riley Securities raised the price target for the AMC Entertainment Holdings Inc. (NYSE:AMC) stock from “a Neutral” to “a Buy”. The rating was released on April 05, 2021. The research report from B. Riley Securities has reiterated the stock to Neutral, with a price target set at $3.50. The stock was reiterated by B. Riley Securities, who disclosed in a research note on October 12, 2020, to Neutral and set the price objective to $4.50. In their research brief published September 14, 2020, B. Riley FBR analysts reiterated the AMC Entertainment Holdings Inc. stock to Neutral with a price target of $5.50.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$6.21 during the last quarter as opposed to a consensus estimate of -$3.15, which indicates the company missed its estimate by -$3.06, which implies that the company surprised the market by -97.10%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is -$1.26. This is an average of 6 analysts’ earnings, where the high earnings per share estimate is -$1.02 and the low earnings per share estimate is -$1.56. According to 8 analyst estimates, an average revenue estimate of $155.56M is projected for the current quarter with a high revenue estimate of $201M and a low estimate of $124.13M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of AMC Entertainment Holdings Inc. (NYSE:AMC) raised 13.19% to close Monday’s market session at $11.50, higher as compared to yesterday’s close. The stock price fluctuated between $10.57 and $11.96 throughout the trading session with the volume trading being 77727076 shares, which represented a significant variation when compared to the three months average volume of 161.26 million shares. The firm’s stock price fluctuated 19.05% within the last five trades and 5.12% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 268.59% in the last 6 months and 160.18% was added to its value over the previous 3 months. AMC stock is trading at a margin of 17.77%, 21.30% and 103.86% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, AMC deals in the Communication Services domain. The stock is trading -43.52 percent below its 52-week high and 502.09 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -8.42. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does AMC Entertainment Holdings Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $5.09 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 4.10 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 7.20 percent of AMC Entertainment Holdings Inc. shares are owned by insiders, and 9.40 percent are held by financial institutions. MCDONALD JOHN D, the EVP, US OPERATIONS at AMC Entertainment Holdings Inc. (AMC) has sold 50,000 shares of firm on Apr 22 at a price of $9.92 against the total amount of $0.5 million. In another inside trade, Goodman Sean D., EVP & Chief Financial Officer of AMC Entertainment Holdings Inc. (NYSE:AMC) sold 45,404 shares of the firm on Apr 16 for a total worth of $0.43 million at a price of $9.49. An inside trade which took place on Apr 16, SVP Development & Internationa of AMC Entertainment Holdings Inc. ELLIS DANIEL E sold 10,000 shares of firm against total price of $94830.0 at the cost of $9.48 per share.