AMC Entertainment (NYSE:AMC) Stock Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• AMC's share price crossed above its 50-day moving average of $1.24, trading as high as $1.67 and last at $1.6250 on heavy volume (~22.1M shares), though it remains below the 200-day moving average of $1.76.
• Analysts hold a consensus rating of Reduce with an average target of $2.42 after several firms cut targets or issued neutral/sell views (notable mentions: Macquarie, Citigroup, Weiss, B. Riley, Roth MKM).
• Fundamentals remain weak: AMC reported -$0.24 EPS for the quarter, sell-side expectations are -$0.41 for the fiscal year, and the company has a market cap of about $860.5M with a negative P/E.

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.24 and traded as high as $1.67. AMC Entertainment shares last traded at $1.6250, with a volume of 22,067,763 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AMC shares. Macquarie Infrastructure dropped their price objective on shares of AMC Entertainment from $3.00 to $2.00 and set a "neutral" rating for the company in a research note on Thursday, January 15th. B. Riley Financial reiterated a "neutral" rating on shares of AMC Entertainment in a research report on Friday, April 17th. Citigroup lowered their target price on shares of AMC Entertainment from $1.30 to $1.10 and set a "sell" rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings restated a "sell (e+)" rating on shares of AMC Entertainment in a research note on Monday. Finally, Roth Mkm reaffirmed a "neutral" rating and set a $2.00 price objective on shares of AMC Entertainment in a report on Thursday. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, AMC Entertainment presently has a consensus rating of "Reduce" and an average target price of $2.42.

AMC Entertainment Price Performance

The firm has a 50 day simple moving average of $1.24 and a 200-day simple moving average of $1.76. The stock has a market capitalization of $860.52 million, a price-to-earnings ratio of -1.24 and a beta of 1.80.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its quarterly earnings data on Saturday, January 31st. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $1.29 billion during the quarter. On average, sell-side analysts forecast that AMC Entertainment Holdings, Inc. will post -0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of AMC Entertainment by 761.8% during the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company's stock worth $25,000 after buying an additional 7,496 shares in the last quarter. Gradient Capital Advisors LLC acquired a new position in shares of AMC Entertainment in the 3rd quarter worth approximately $29,000. Pitcairn Co. acquired a new position in shares of AMC Entertainment in the 2nd quarter worth approximately $34,000. Citizens Financial Group Inc. RI bought a new stake in AMC Entertainment during the 3rd quarter worth approximately $34,000. Finally, One Capital Management LLC bought a new stake in AMC Entertainment during the 3rd quarter worth approximately $44,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

About AMC Entertainment

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company's core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark's RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.

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