AMC Entertainment Holdings Inc. was founded in 1920 in Leawood, Kansas, US. It owns and operates theatres across the United States and Europe. As of March 1, 2022, it operates nearly 950 theatres and 10,600 Screens. The stock has gained nearly 7.13% over the last week, with the money amount glided to 40.29% and is holding up at the long-term horizon.
AMC presented the recent quarterly sale of 968.0 million, with a growth of 26.90%. The gross margin stands at positive 8.52%, and the operating margin at negative 32.76%. The pretax margin also is at negative 50.63%, taking its net margin to negative 50.20%.
The stock outperformed its competitors on Thursday, as Cinemark Holding Inc was at $12.85 with a jump of 3.80%, while Marcus Corp. traded at $15.58 with a positive.
Currently trading at $6.08 with a gain of 6.48%, the market previously closed at $5.71 and opened at $6.228. The fifty-two-week range is from $3.77 to $34.33, meaning the current rate is towards the lower end of the spectrum. Its market cap was $3.14 billion, and it has a volume of 48.96 million shares. The price is expected to hit $3.78, which is a downside of 48.7%; the higher limit could be $8.50, while the lower range is $0.50.
The projected earnings growth grows from $0.86 to $0.40 per share. While analysts rating for hold is 1.50. The short interest is around 22.51%, with bearish sold short.
A downward-sloping trend line could be present, which the current rate respects, for the trend line is acting at resistance. The last candle had a gap up, thus creating an illusion of a bullish trend; a price correction usually follows such instances. The supply zone could be where the price is heading; if so, it shall find R1 at $8.38 and R2 at $9.92. The price is supposed to consolidate between the trend line and R1 for some time before it goes on to consolidate in the supply zone.
The demand zone is where the price could revert if negative news hits the market, and in that case, it would find S1 at $4.95 and S2 at $3.75. If southern movement occurs, the price would first consolidate between the trend line and S1 and could serve as a buying opportunity; however, there are fewer chances of it reaching S2, but it can be expected that it would not go down further and might jump back again.
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Source: https://www.thecoinrepublic.com/2023/02/03/amc-stock-is-beating-competitors-can-it-continue-the-rise/