AMC Entertainment Holdings, Inc AMC Stock Price, News, Quote & History

It’s still worth $6 — less than the $10 price at which investors bought shares. Ironically, the more shares the company sells above intrinsic value, the closer intrinsic value will move toward the sale price, but it will never exceed that value. AMC Entertainment Holdings Inc. will report third-quarter results after market close Wednesday amid signs that the cinema industry is bouncing back from the devastation wrought by the COVID-19 pandemi… AMC Entertainment Holdings Inc AMC is set to report third-quarter earnings Wednesday.

Investors should closely follow theater attendance over the coming quarters, which likely must be at least comparable to pre-pandemic levels for AMC to generate cash flow over the long term. The company has $1.1 billion in available liquidity (cash plus open credit lines), so it does have time to right the ship. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.

Later, the company announced the launch of streaming services in 2019 and listed thousands of titles across a wide spectrum of genres and categories by mid-2022. The big exception to that rule is if the company can use that cash to make high-return investments that will increase intrinsic value going forward. For instance, if a company is really worth $1, but is able to sell shares at $10, let’s say, doubling its share count, it increases the company’s intrinsic value from understanding forex quotes $1 to $6 ($1 plus $5 per share in cash).

Analyst Forecast

The movie-theater chain and original meme stock is riding a broader industry rebound, according to an analyst at B. Basically, shares seem massively overvalued from a fundamental point of view, and the stock is extremely risky at these levels. That doesn’t mean investors can’t make money on top 10 best forex trading strategies and tips in 2020 technical buying bursts like we’ve seen over the past month, but that’s not really investing; it’s subscribing to the greater fool theory. With vaccinations accelerating faster than thought since March, reopening optimism apparently reignited the WallStreetBets message board on Reddit, because AMC’s stock began appreciating shortly after earnings. In August, AMC issued a special dividend, giving shareholders one unit of AMC Preferred Equity for each common share.

AMC Entertainment: Mixed Q3 2024 Results With Improved Concession Sales And Weaker Attendance

Upgrade to MarketBeat All Access to add more stocks to your watchlist. Wondering when you’ll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO. In 2023, AMC’s revenue was $4.81 billion, an increase of 23.04% compared to the previous year’s $3.91 billion. Discover which analysts rank highest on predicting the directional movement of AMC.

1. The company has been in business for over 90 years but went public in 2013 after getting bought out by an investment group seeking to boost the company’s global presence.
2. Embattled movie theater chain AMC Entertainment Holdings (AMC 1.34%) remains a popular stock with traders, even if most of the air has come out of the balloon stemming from the epic short squeeze of 2021.
3. Fueled by online forum discussion, especially on Reddit, Cohen attracted an army of believers in his strategy that sent the value of GameStop stock to as high as $81.25 after never breaking $14 a share.
4. A short squeeze likely played into things, as nearly 20% of shares outstanding were sold short heading into May.
5. Then, as the stock climbed toward $12, Dalian Wanda, the Chinese group that had originally purchased AMC in 2012, sold all of its remaining shares on May 21.
6. Riley upgraded the stock, saying the raise likely lessened the need for more capital ahead of an industry recovery.

AMC reports better-than-expected third-quarter results amid improving box office

Until its financials improve to the point that massive dilution is off the table, owning the stock is risky, even after its 90% decline. AMC Entertainment Holdings AMC offset lower attendance with higher ticket prices and food and whitepayment gateway services beverage revenue to help beat third-quarter revenue and earnings per share estimates, which could help the… The US box office made a spectacular comeback in the third quarter with ticket sales hitting a number not seen since the start of the pandemic. Movie-theater chain and original meme stock AMC expects a box-office boost from a slate of major releases in 2025. As far as anyone knows, the companies whose stocks are being traded as meme stocks haven’t actually done anything to reorient their fortunes in a way that would merit the tremendous run-up in their stock prices.

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Leading the way is video game retailer GameStop, whose shares have soared approximately 180% to $48.75 after closing at $17.39 Friday. The Motley Fool has no position in any of the stocks mentioned. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.