AMC Continues to Dip

The AMC stock price fluctuated between $20.8 and $23.77 throughout the trading session with the volume trading being 52M shares, which represented a positive variation when compared to the three months average volume of 42M shares.

The share price of AMC Entertainment Holdings, Inc. (NYSE:AMC) dipped -1.27% to close Thursday’s market session at $22.46, lower as compared to yesterday’s close which brings the market valuation of the company to $14.10B.

The 52-week high for the AMC Entertainment Holdings, Inc.’s shares is $72.62. That puts it -69.07% from that peak with a 52-week low of $2.07, while the S&P 500’s share price change was of 22.78%.

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 52M, while in the last 10 days the average was 33.2M and last three months – 42.31M.

Growing short interest

The AMC Entertainment Holdings, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 96.7M shares being shorted which translates into 2.19 of a short ratio for AMC, while in the previous month the shorted shares were 87.46M.

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

With a market cap of 14.10B, 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.