Investors Getting Picky When It Comes To Buying AMC Entertainment Holdings Inc (AMC)

AMC Entertainment Holdings Inc (NYSE:AMC) does about 59.88M shares in volume on a normal day but saw 34540588 shares change hands in Monday trading. The company now has a market cap of 1.62B USD. Its current market price is $5.47, marking an increase of 8.32% compared to the previous close of $5.05. The 52 week high reached by this stock is $54.97 whilst the lowest price level in 52 weeks is $2.38.

AMC Entertainment Holdings Inc (AMC) has a 20-day trading average at $4.92 and the current price is -90.05% off the 52-week high compared with 129.83% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.50 and its 200-day simple moving average is $5.62. If we look at the stock’s price movements over the week, volatility stands at 7.80%, which increases to 9.71% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.66 to suggest the stock is neutral.

The consensus objective for the share price is $4.44, suggesting that the stock has a potential downside of -23.2% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 29, 2024 when B. Riley Securities reiterated the stock to “Neutral” and issued a price target of between $12 and $8. Wedbush upgraded its price target at $19.

AMC Entertainment Holdings Inc (AMC) stock is up 9.84% over the week and 6.21% over the past month. Its price is -10.62% year-to-date and -85.55% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -23.2 percent from here.

The company has a return on investment of -5.06%. The beta has a value of 1.87. Price to sales ratio is 0.34.