Can AMC Stock Avoid a Return to Penny Stock Territory?

24
Comment
Favorite

Can AMC Stock Avoid a Return to Penny Stock Territory?

InvestorPlace2023-04-04

Takeover talk has pushed AMC Entertainment (AMC) back above $5 per share, just above penny stock levels.Chances are the latest acquisition chatter will not move beyond the rumor stage.AMC stock could ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

trojan1337
·2023-04-05
Can tell me y borrowing cost of 350% and nth is done? Whereby above 10% is considered higj
Reply
Like
Report
Jape
·2023-04-05
FUD
Reply
Like
Report
Disiaosiao
·2023-04-04
I hope tigers won’t be around anymore when amc squeezes
Reply
1
Report
Vincentan59
·2023-04-04
Will it stay ???😾😾😾😾
Reply
1
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1141815090?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-04-04 20:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1141815090","market":"us","top_or_hot":-1,"title":"Can AMC Stock Avoid a Return to Penny Stock Territory?","media":"InvestorPlace","content":"<div>\n<p>Takeover talk has pushed AMC Entertainment (AMC) back above $5 per share, just above penny stock levels.Chances are the latest acquisition chatter will not move beyond the rumor stage.AMC stock could ...</p>\n\n<a href=\"https://investorplace.com/2023/04/can-amc-stock-avoid-a-return-to-penny-stock-territory/\">Source Link</a>\n\n</div>\n","source":"investorplace","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can AMC Stock Avoid a Return to Penny Stock Territory?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan AMC Stock Avoid a Return to Penny Stock Territory?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-04 20:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/04/can-amc-stock-avoid-a-return-to-penny-stock-territory/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Takeover talk has pushed AMC Entertainment (AMC) back above $5 per share, just above penny stock levels.Chances are the latest acquisition chatter will not move beyond the rumor stage.AMC stock could ...</p>\n\n<a href=\"https://investorplace.com/2023/04/can-amc-stock-avoid-a-return-to-penny-stock-territory/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"APE","symbol_name":"AMC Entertainment Preferred","start_time":0,"source_url":"https://investorplace.com/2023/04/can-amc-stock-avoid-a-return-to-penny-stock-territory/","article_id":"1141815090","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1141815090","pubTimestamp":1680611633,"sourceInfo":{"source_id":"investorplace","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Takeover talk has pushed AMC Entertainment (AMC) back above $5 per share, just above penny stock lev","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"APE":"AMC Entertainment Preferred","AMC":"AMC院线"},"translate_title":"AMC股票能避免回到细价股领域吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":0.9,"APE":0.9},"content_text":"Takeover talk has pushed AMC Entertainment (AMC) back above $5 per share, just above penny stock levels.Chances are the latest acquisition chatter will not move beyond the rumor stage.AMC stock could still, at the very least, fall back to pre-meme prices, despite recent news and improving market sentiment.After coughing back most of its “meme stock” gains during 2022, AMC Entertainment (NYSE: AMC) has performed well thus far in 2023. Year-to-date, AMC stock is up 27.5%, even after a big move lower during late February/early March.Over the past week, takeover rumors (more below) have pushed shares in the movie theater operator back out of “penny stock territory” ($5 per share or less). Given this news, plus improving overall sentiment among investors thanks to macro-related developments, is AMC poised to add to last month’s gains?Taking a look at the facts, it’s highly questionable. Despite a low stock price, the company isn’t exactly an appealing acquisition target. In addition, while stocks could be on the verge of re-entering a bull market, that doesn’t necessarily mean that AMC will come along for the ride to higher prices. Instead, shares could soon be back onto a downward trajectory.Why Speculators Have Jumped Back into AMC StockAdmittedly, the most recent cycling-back into AMC Entertainment by retail investors has been as strong as the last such wave. On Feb. 27, shares spiked by 22.7%, just before the company’s quarterly earnings release. However, while the latest rally hasn’t been as strong as the last one, the reason behind it has been enough to put the former “meme king” back into the spotlight.As InvestorPlace’s Samuel O’Brient wrote on March 28, AMC stock rallied by around 13%, on the heels of an article published by The Intersect, reporting that Amazon (NASDAQ: AMZN) was mulling an acquisition of the company, according to sources “familiar with the discussions.”While the speculative frenzy about these rumors simmered down in subsequent trading days, AMC managed to hold steady through the end of the month. Again, alongside the takeover talk, improving stock market sentiment, a result of rising optimism that the Federal Reserve is done with rate hikes, also provided some support.On March 31, AMC’s closing price was $5.01 per share. In other words, a penny above the “penny stock ceiling.” However, while holding steady now, that may not be the case for long, and not in a good way.What May Lie Ahead for SharesAlthough the takeover rumors have provided just a modest boost to AMC stock, shares are at high risk of giving back said boost. It’s not far-fetched to believe that Amazon is interested in buying this company. Per the aforementioned “familiar sources,” Amazon could wring out numerous growth synergies via ownership of AMC and its worldwide chain of theaters.However, as one of the “sources” noted, Amazon may want to take its time before making an offer. The fact that neither party has discussed these rumors backs this up further. If it becomes more obvious that a takeover offer isn’t imminent, a move back to between $4 and $4.50 per share is likely. From there, shares could continue to slide.Why? Even as market sentiment may be shifting back towards bullishness, interest rates remain high, as does macro uncertainty. Investors are still much more valuation-conscious than they were at the height of the runaway bull market.At the same time, the influence of the meme stock community continues to weaken. In turn, the de-rating of AMC, down to levels in line with its underlying value, is likely to resume.How Low Could it Go?Based on the latest results and guidance, AMC appears to be on track to continue its recovery back to pre-Covid levels of revenue and profitability. However, shares are currently at price levels that technically are above what the stock traded for at the onset of the pandemic.Furthermore, as a result of numerous capital raises during the 2021/2022 “meme waves,” AMC’s share count has grown nearly five-fold compared to where it was at the end of 2019. This heavy dilution comes with little to show for it, as most of this cash has been burned through already.With this, forget a move merely back to pre-meme prices (around $1.50 per share). An ultimate move down to the low end of analyst price targets (50 cents per share) may not be out of the question.Bottom line: still grossly overvalued. Keep avoiding AMC stock, despite the recent news.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9948142035,"gmtCreate":1680656266628,"gmtModify":1680656270147,"author":{"id":"3574916293171379","authorId":"3574916293171379","name":"trojan1337","avatar":"https://static.tigerbbs.com/943a776c7741ee5cc4d67b3592fbb000","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Can tell me y borrowing cost of 350% and nth is done? Whereby above 10% is considered higj","listText":"Can tell me y borrowing cost of 350% and nth is done? Whereby above 10% is considered higj","text":"Can tell me y borrowing cost of 350% and nth is done? Whereby above 10% is considered higj","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948142035","repostId":1141815090,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9948372397,"gmtCreate":1680636776819,"gmtModify":1680643954409,"author":{"id":"4128189689191372","authorId":"4128189689191372","name":"Jape","avatar":"https://community-static.tradeup.com/news/dddc753d5bfb47152c8cd18eb35d9c5d","vip":1,"hat":"https://static.tigerbbs.com/7b75ce0c34afff716602792a5d0929dd","crmLevel":1,"crmLevelSwitch":0},"htmlText":"FUD","listText":"FUD","text":"FUD","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948372397","repostId":1141815090,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9948905191,"gmtCreate":1680614472414,"gmtModify":1680614476056,"author":{"id":"3563258353481311","authorId":"3563258353481311","name":"Disiaosiao","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"&nbsp;I hope tigers won’t be around anymore when amc squeezes","listText":"&nbsp;I hope tigers won’t be around anymore when amc squeezes","text":"I hope tigers won’t be around anymore when amc squeezes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948905191","repostId":1141815090,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9948900144,"gmtCreate":1680613914889,"gmtModify":1680613918068,"author":{"id":"4098866635611070","authorId":"4098866635611070","name":"Vincentan59","avatar":"https://community-static.tradeup.com/news/a5c91735e742c607283b7643b505c8e4","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":2,"crmLevelSwitch":1},"htmlText":"Will it stay ???😾😾😾😾","listText":"Will it stay ???😾😾😾😾","text":"Will it stay ???😾😾😾😾","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948900144","repostId":1141815090,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":24,"commentSize":0,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}