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- 1 AMC stock price slipped approximately 77% in a quarter and around 8% in a week.
- 2 Major decline in AMC stock price was observed on September 06 2023.
- 3 AMC’s reported EPS surged over 124% compared to the estimated EPS.
AMC stock trading pattern indicates bearishness. Over the past few months, it lost 76.02% of its trading price. However, there was a 11.03% uptick over the month.
AMC Stock Price Analysis
In the 52 weeks time frame, AMC stock price peaked at $80.74 and its lowest traded price was $7.05. When writing, the stock was below 20, 50, 100 and 200 day exponential moving averages.
AMC stock has an annual price target of $10.75. The price target is 17.36% greater than press time trading price. The MACD and signal line are constantly approaching bullish territory while the histogram is reflecting major bulls accumulation.
The RSI line is parallel to the neutral line and if bulls continue their dominance, there is a possibility of a surge. On September 6th, 2023, AMC stock price declined around 36.80%.
AMC Entertainment Holdings overall market capitalization is $1.817 Billion and the market cap declined significantly in 2023. As per market analysts, on October 19 2023, AMC stock was expected to open above its previous closing price of October 18.
The average trading volume of AMC shares is 25.654 Million. TradingView data shows that 197.798 Million AMC shares are free floating and remaining 558.574k shares are closely held.
AMC Entertainment Holdings, Inc Financial Updates
The entertainment and cinema chain impressed its investors in the Q2 2023 as the company reported 4.75% more revenue than estimated figures. The reported EPS of the company was 124.32% greeter than the estimated EPS.
Analysts believe that AMC group is expected to report negative $0.31 in EPS and $1.20 Billion in revenue.
In 2022, AMC Entertainment Holdings, Inc. reported $4.03 Billion in revenue from which its net income was negative $973.60 Million and profit margin was negative 24.89%.
In the long term, total assets of the company are $8.23 Billion and liabilities are $10.07 Billion.
AMC Entertainment Holdings, Inc. engages in the theatrical exhibition business through its subsidiaries. It operates through the U.S. Markets and International Markets segments. The U.S. Markets segment is involved in owning, leasing, or operating theaters and screens in the U.S.
Technical Level
Support Levels: $7.71 & $7.05
Resistance Levels: $10.38 & $11.17
Conclusion:
AMC stock has been declining for the past few months and lost 76.02% of its trading price in a quarter. However, in the monthly time frame, the stock reported an uptick of 11.03%. Market analysts believe that the monthly surge might help AMC stock regain momentum.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
