Bearish Signal: AMC Entertainment Holdings, Inc. (AMC) Stock Chart Triggers Sellers Today

AMC Entertainment Holdings, Inc. (AMC), a Entertainment business, was a active mover in the prior market session. AMC Entertainment Holdings, Inc. (AMC) stock opened the market for trading at $3.1400 and closed the day at $3.0500 with negative move of -1.93%. This decrease move lagged the Dow’s +1.11% gain for the prior market day.

AMC Entertainment Holdings, Inc. (AMC) is focused on the Entertainment sector. This market sector has seen some volatility from investors in recent weeks. Bullish investors of AMC Entertainment Holdings, Inc. (AMC) will be looking for positive upcoming earnings whereas bearish investors of AMC Entertainment Holdings, Inc. (AMC) will be looking for negative earnings. The last time AMC Entertainment Holdings, Inc. (AMC) had an earnings surprise was on Qtr Ending 12/19 when they reported $0.35 compared to an estimate of $0.08 which was a difference of $+0.27 resulting in a change of +337.50%. Current earnings estimates are to be released for Current Qtr 03/2020 on AMC Entertainment Holdings, Inc. (AMC) and out of 5 Wall Street estimates the average is saying -$1.49. The high estimate is saying -$1.27 whereas the low estimate is saying -$1.63 and the prior year AMC Entertainment Holdings, Inc. (AMC) announced earnings at -$1.21 a growth rate est. (year over year) of -23.14%.

The market performance of AMC Entertainment Holdings, Inc. (AMC) has varied recently. Year to date AMC Entertainment Holdings, Inc. (AMC)’s shares are down -57.87%. Over the past 12 weeks AMC Entertainment Holdings, Inc. (AMC) is down -55.41% and over the last 4 weeks AMC Entertainment Holdings, Inc. (AMC) is down -17.57%. AMC Entertainment Holdings, Inc. (AMC) current income statement shows revenue (ttm) of $5.47B. Gross Profit is $918.6M. This puts the current EBITDA of AMC Entertainment Holdings, Inc. (AMC) at $710.3M.

Wall street investors might also notice recent changes to stock analyst estimates for AMC Entertainment Holdings, Inc. (AMC). The stock is trading with an RSI (relative strength index) of 46.28 indicating AMC Entertainment Holdings, Inc. (AMC) is neither overbought nor oversold. Technically, AMC’s short term support levels are around $79.27, $78.28 and $77.36 on the downside. AMCs short term resistance levels are $85.17, $80.98 and $80.27 on the upside. The market cap of AMC Entertainment Holdings, Inc. (AMC) is $317.938M and institutions hold 95.36% of the stock. The outstanding share count stands at 106.59M while the short float (shares short) stands at 36.96%.

Research indicates that these estimate changes look to be directly correlated with short-term stock prices. The investors can look to capitalize on the basis of ranking. AMC Entertainment Holdings, Inc. (AMC) has short term rating of Neutral (-0.01), Intermediate rating of Bearish (-0.38) and long-term rating of Bearish (-0.35) giving AMC Entertainment Holdings, Inc. (AMC) an overall rating of Neutral (-0.24).

The EPS growth this year on AMC Entertainment Holdings, Inc. (AMC) is decreased -269.70% and is expected to increase 81.20% next year. However, quarterly earnings (EPS) growth year over year on AMC Entertainment Holdings, Inc. (AMC) has decreased by -110.80% and quarterly revenue (Sales) growth year over year stands at 2.40%. Gross margin is detected at 63.80% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is -2.70% while return on equity (ttm) is -11.90%.

Recent Developments:

2020-04-17 – AMC Entertainment Holdings Reports Pricing Of $500 Mln First Lien Notes Offering.
2020-04-17 – Amc Entertainment Holdings Says Covid-19 Pandemic Has Had And Will Continue To Have A Significant And Adverse Impact On Its Business.
2020-04-16 – AMC Entertainment Holdings Announces Proposed Private Offering Of First Lien Notes.
2020-02-27 – AMC Entertainment Holdings Announces $200 Million Share-Repurchase Authorization.
2020-02-27 – AMC Entertainment Holdings Posts Fourth-Quarter Results.

About Company:

AMC Entertainment Holdings, Inc. , operates as a theatrical exhibition company primarily in the United States and internationally. It owned or interests in theatres and screens.

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