AMC Entertainment Holdings, Inc. (NYSE:AMC) Is Sinking Once Again


The AMC stock price fluctuated between $36.79 and $39.18 throughout the trading session with the volume trading being 52M shares, which represented a negative variation when compared to the three months average volume of 175M shares.

The share price of AMC Entertainment Holdings, Inc. (NYSE:AMC) dipped -2.94% to close Friday’s market session at $37.01, lower as compared to yesterday’s close which brings the market valuation of the company to $19B.

The 52-week high for the AMC Entertainment Holdings, Inc.’s shares is $72.62. That puts it -49.04% from that peak but still a 843.81% 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 35.10%.

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

During the last trading session, AMC Entertainment Holdings, Inc. (NYSE:AMC) has seen growth in its daily volume. The daily volume was of 175M, while in the last 10 days the average was 98.7M and last three months – 174.62M.
The increasing interest in the AMC stock from the investors is helping to drive the stock price up.

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 79.75M shares being shorted which translates into 0.62 of a short ratio for AMC, while in the previous month the shorted shares were 85.08M.

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

With a market cap of 19B, 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.