To The Moon

The trading price of AMC Entertainment Holdings Inc.$AMC Entertainment(AMC)$ closed lower on Monday, closing at $17.48, -3.00% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $16.965 and $18.19. In examining the 52-week price action we see that the stock hit a 52-week high of $72.62 and a 52-week low of $8.93. Over the past month, the stock has gained 15.08% in value.

AMC's market valuation is $9.29 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.24 per share this quarter, however they have predicted annual earnings per share of -$2.75 for 2021 and -$0.75 for 2022. It means analysts are expecting annual earnings per share growth of 93.00% this year and 72.70% next year.

Analysts have forecast the company to bring in revenue of $1.08 billion for the current quarter, with the likely lows of $898 million and highs of $1.22 billion. The average estimate suggests sales will likely up by 565.30% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $2.47 billion. The company’s revenue is forecast to grow by 98.40% over what it did in 2021.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of AMC Entertainment Holdings Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest AMC has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned AMC a recommendation rating is 8. Out of them, 3 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged AMC Entertainment Holdings Inc. (AMC) as Underweight, while 5 advise Sell. Analysts have rated the stock Underweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

A quick review shows that AMC’s price is currently -16.58% off the SMA20 and -5.31% off the SMA50. The RSI metric on the 14-day chart is currently showing 43.20, and weekly volatility stands at 7.60%. When measured over the past 30 days, the indicator reaches 13.45%. AMC Entertainment Holdings Inc. (NYSE:AMC)’s beta value is currently sitting at 1.57, while the Average True Range indicator is currently displaying 2.16. With analysts defining $1.00-$16.00 as the low and high price targets, we arrive at a consensus price target of $6.34 for the trailing 12-month period. The current price is about 94.28% off the estimated low and 8.47% off the forecast high, based on this estimate. Investors will be thrilled if AMC’s share price rises to $6.00, which is the median consensus price. At that level, AMC’s share price would be 65.68% above current price.

To see how AMC Entertainment Holdings Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: AMC stock’s performance was -3.00% in the latest trading, and 80.95% in the past year, while Cinemark Holdings Inc.$Cinemark(CNK)$ (CNK) has traded -0.53% on the day and positioned -23.25% lower than it was a year ago. Another comparable company The Marcus Corporation$Marcus(MCS)$ (MCS) saw its stock close -1.65% lower in the most recent trading session but was down -21.03% in a year. Furthermore, Reading International Inc. $Reading(RDI)$ (RDI) showed a decrease of -2.36% on the day while its price kept declining at -32.18% over the past year. Also in last trading session, the S&P 500 Index has plunged -0.02%, while the Dow Jones Industrial also saw a negative session, down -0.11% on the day.

An evaluation of the daily trading volume of AMC indicates that the 3-month average is 56.02 million. Currently, records show that 531.40 million of the company’s shares remain outstanding. The insiders hold 0.20% of outstanding shares, whereas institutions hold 34.60%. However, since the stock’s price has seen -35.74% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.