The AMC stock price fluctuated between $36.13 and $38.15 throughout the trading session with the volume trading being 20M shares, which represented a negative variation when compared to the three months average volume of 49M shares.
The share price of AMC Entertainment Holdings, Inc. (NYSE:AMC) dipped -3.24% to close Friday’s market session at $37.63, lower as compared to yesterday’s close which brings the market valuation of the company to $20.13B.
The 52-week high for the AMC Entertainment Holdings, Inc.’s shares is $72.62. That puts it -48.18% from that peak with a 52-week low of $1.91, while the S&P 500’s share price change was of 26.87%.
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 20M, while in the last 10 days the average was 26.53M and last three months – 49.42M.
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 87.46M shares being shorted which translates into 2.22 of a short ratio for AMC, while in the previous month the shorted shares were 92.24M.
AMC Entertainment Holdings, Inc.’s (NYSE:AMC) financials
With a market cap of 20.13B, AMC Entertainment Holdings, Inc. holds a total cash of $1.61B that translates into $3.14 per share, while the total debt is of $10.92B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 538.70%. The current revenue is of $1.52B that is $3.92 per share.
This is a great sign for a bright future.