Is AMC Going Places?

Advertisements

The AMC stock price fluctuated between $37.57 and $40.65 throughout the trading session with the volume trading being 97M shares, which represented a negative variation when compared to the three months average volume of 173M shares.

The share price of AMC Entertainment Holdings, Inc. (NYSE:AMC) ran up 9.08% to close Monday’s market session at $40.35, higher as compared to yesterday’s close which brings the market valuation of the company to $20.71B.

The 52-week high for the AMC Entertainment Holdings, Inc.’s shares is $72.62. That puts it -44.44% from that peak but still a 855.81% gain since the share price dropped to a 52-week low of $1.91, while the S&P 500’s share price change was of 36.19%.

Advertisements

What does the trading volume tell us about the AMC stock?

During the last trading session, AMC Entertainment Holdings, Inc. (NYSE:AMC) has seen decay in its daily volume. The daily volume was of 173M, while in the last 10 days the average was 124.19M and last three months – 173.42M.
The decreasing interest in the AMC stock from the investors is helping to drive the stock price down.

Shrinking short interest

The AMC Entertainment Holdings, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 75.48M shares being shorted which translates into 0.3 of a short ratio for AMC, while in the previous month the shorted shares were 102.3M.

AMC Entertainment Holdings, Inc. (NYSE:AMC) financials

With a market cap of 20.71B, AMC Entertainment Holdings, Inc. holds a total cash of $813.1M that translates into $1.81 per share, while the total debt is of $11.05B.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -84.20%. The current revenue is of $449.2M that is $2.35 per share.
This is a not so good sign for the future.