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- 1 AMC stock surged over 5% in a week and lost 74.51% in the YTD time frame.
- 2 The annual price target of AMC Entertainment Holdings, Inc. is $18.73.
- 3 AMC Holdings stock was trading below 20, 50, 100 and 200-day EMA.
AMC stock seems to have been declining since the beginning of 2023, losing 74.51% of its trading price. At the time of publication, AMC stock was trading at $7.80 with an intraday trading volume of 266.504k.
AMC Entertainment Holdings Inc. Stock Price Analysts
In the 52-week time frame, AMC stock peaked at $82.24 and traded at its lowest at $7.05. AMC Entertainment Holdings, Inc. has a market capitalization of $1.547 Billion.
In the monthly time frame, AMC lost 78.23% of its trading price and its price slipped over 81.15%; however, in a week, AMC’s stock price surged 5.12%. The annual price target of AMC Entertainment Holdings, Inc. is $18.73, which is around 140.10% greater than its current trading price.
The MACD line is trading parallel to the signal in the bear’s region; moreover, the seller’s accumulation is below the histogram. It is important to note that the RSI line favors the sellers’ territory.
A major decline of 7% was seen in AMC stock on the September 18, 2023, trading session. At the time of writing, AMC Holdings stock was trading below the 20, 50, 100, and 200-day EMA.
Similarly, on September 6, 2023, AMC stock lost 36.08% of its trading price due to the immense selling pressure.
AMC Entertainment Holdings, Inc. engages in the theatrical exhibition business through its subsidiaries. It operates through the U.S. Markets and International Markets segments.
AMC Entertainment Holdings Inc Financial Updates
The company was supposed to report $1.29 Billion in revenue, but it impressed its investors by reporting 4.75% more revenue than estimated. The reported EPS of the company was 124.32% greater than the estimated EPS.
From the reported revenue of 2022, the net income of the company was negative $973.60 Million, and the profit margin was 24.89%. According to TradingView, 15.776 Million AMC shares are free floating and the remaining 0.37% are closely held.
Conclusion
AMC Entertainment Holdings Inc. stock seems to be Consolidating in a specified range and has failed to break $8. Market analysts believe that the stock is expected to open below its previous closing price. However, there are possibilities that AMC stock will succeed in breaking the consolidation range and breaking the nearest resistance of $8.00.
Technical Levels
Support Levels: $7.05 and $6.50
Resistance Levels: $8.54 and $13.64
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
