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- AMC Entertainment Holdings (AMC) current price is $13.10.
- AMC Entertainment Holdings Inc. stock has a P/E ratio of -2.78.
- The live market cap is $2.07 Billion.
The AMC Entertainment Holdings, Inc. (AMC) stock is trading in a downward momentum. The price of AMC is forming a higher-high pattern. The price of AMC stock is forming a strong bearish pattern.
Financial Data of AMC Entertainment Holdings Inc.
The revenue of AMC Entertainment Holdings Inc. (AMC) stock is $3.91 Billion and the market cap of the stock is $2.07 Billion. The AMC stock has a market price of $13.10, which decreased by 1.70% on 2 September 2023. The stock has a beta of 1.43 and an EPS of -$0.65 per share.
The 24-hour average volume of the AMC Entertainment Holdings, Inc. (AMC) stock is $22.9 Million. The AMC stock has made a 52-week high of $94.85 and a 52-week low of $10.72. The net cash of the AMC stock has decreased by 53.6% YoY.
The revenue of AMC Entertainment Holdings Inc. stock has decreased by 15.3% YoY change. The current revenue for Q2 2023 for AMC is $1.35 Billion.
The price of the AMC Entertainment Holdings Inc. (AMC) stock decreased by 76% in the last 6 months which represents how the stock is currently in a downtrend.
As per the data, it can be observed that the quarterly profit margin of the AMC stock is falling by a huge percentage along with the net income.
The AMC stock has a P/E ratio of -2.78. This indicates that the stock price of AMC is undervalued.
The AMC stock does not pay any dividends to its shareholders. The retailers might show less interest in buying the stock.
AMC Entertainment Holdings Inc. (AMC) Technical Analysis
EMA
AMC Entertainment Holdings Inc.’s stock price is trading below the 50-day and 100-day EMA levels. The AMC stock price is currently weak. This is a bearish indication for AMC stock indicating that the price will fall.
MACD
The MACD line for the AMC stock is trading below the signal line. Also, there is a red histogram formation in the AMC stock. This suggests that the stock is currently bearish and prices may fall in the next few days.
RSI
The RSI line is near to the 30 level for AMC Entertainment Holdings, Inc. This indicates that the price is forming a weak indication. It is further expected that the price to fall in the future.
Conclusion
In conclusion, AMC Entertainment Holdings Inc. (AMC) stock has currently broken down from the range. The price of the stock is near an all-time low. The indicators are also weak on AMC stock. The revenue is also declining.
Therefore, it indicates that the price is likely to fall in the future as the overall pattern is weak.
Technical Levels
- Support Level: $10
- Resistance Level: $34
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.
