AMC Stock Forecast 2023: Can AMC Stock Rise Above $10?
AMC Stock Forecast: AMC is technically bearish and the trade recommendation is a sell. The 12-month AMC price target has been lowered to $4.7
AMC Stock Forecast: Performance Chart
AMC Stock Performance
- 1 Month: -21.2%
- 6 Months: -53.2%
- 1 Year: -55.2%
AMC Stock Forecast for the next 12 months
| Average Price Target | $3.58 |
| Citigroup | $1.6 |
| Wedbush | $2 |
| B. Riley Securities | $11 |
AMC Quarterly Result
| (USD) | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 |
| Revenue | 990.9M | 968.4M | 1.17B | 785.7M |
| Net income | -287.7M | -226.9M | -121.6M | -337.4M |
| Diluted EPS | -0.26 | -0.44 | -0.24 | -0.65 |
| Net profit margin | -29.03% | -23.43% | -10.43% | -42.94% |
| Operating income | -89.4M | -114.4M | -16.2M | -166.5M |
| Net change in cash | -51.4M | -282.1M | -200.7M | -431.7M |
| Cost of revenue | 913.4M | 927.9M | 995.8M | 783.8M |
AMC Quarterly Highlights
| EPS | Revenue | |
| Dec 2022 | Beat 35.63% | Beat 1.35% |
| Sep 2022 | Beat 18.37% | Beat 0.77% |
| Jun 2022 | Beat 12.37% | Miss -1.49% |
| Mar 2022 | Beat 2.85% | Beat 5.69% |
AMC Stock Price Prediction for the next 5 years (Aggregated)
- AMC Stock Price Prediction 2023 is $9.3
- AMC Stock Price Prediction 2024 is $12.8
- AMC Stock Price Prediction 2025 is $19.8
- AMC Stock Price Prediction 2026 is $27.3
- AMC Stock Price Prediction 2027 is $34.8
AMC Stock Technical Analysis
Performance on the Last Trading Day
- Open Price: $5.84
- Close Price: $5.92
- Gain/Loss: +3.14%
- Overall Market Cap: $3.07B
- Volume: 24,462,48
The stock looks to be quite bullish when we look at the technical indicators. When looking at the
short-term period graph over a one-day period, it still appears to be in the highly buy zone and
points to a substantial breakout potential. The moving averages seem to be in decent form with MA
50 and MA 200 at 5.28 and 7.71, respectively.
The stock’s momentum oscillators are favorable, as shown by the ultimate oscillator’s reading of
61.103 and the relative strength index’s reading of 63.242.
The favorable aspect of the trend is further enhanced by the MACD (12, 26) and ADX (14) readings,
which, at 0.110 and 29.812, respectively, indicate a fantastic purchase opportunity.
AMC Stock Forecast Today
| Overall Outlook | Neutral |
| 1. Market's Wisdom | Partially Bearish |
| 1a. Market Data | Bearish |
| 1b. Technical Recommendation | Buy |
| 2. Crowd's Wisdom | Neutral |
| 2a. Social Media Buzz | Steady |
| 2b. Social Media Sentiment | Neutral |
Why did AMC Stock Surge Recently?
AMC stock was up 70% in the last 1 month and the stock price is above $6. The reason behind the surge in AMC stock recently is due to the introduction of a new pricing strategy AMC.
The theater chain introduced a new pricing plan for seats called Sightline at AMC. As per the new pricing strategy, ticket prices will be adjusted during peak shows depending on where people sit.
Prime seats in the middle of the theater will cost more, while neck-craning front-row seats will cost less.
AMC Stock Forecast: Latest News
AMC issues Entertainment Visa Card
AMC Theatres, the biggest theatre chain in the world and the United States, declared that the AMC Entertainment (NYSE:AMC) Visa Card has been issued. Members of AMC Stubs can now apply for the AMC Entertainment Visa Card to earn accelerated AMC Stubs points on all of their transactions at the 600 or so AMC Theatres across the nation, as well as on groceries, gas and other expenditures.
The AMC Entertainment Visa Card is the only co-branded movie theatre credit card in the United States and was created in collaboration with Visa, a global leader in digital payments, and Deserve, an avant-garde credit card technology platform.
AMC to introduce Laser projections throughout all AMC locations
The business has also declared plans to introduce Laser Projection by Cinionic to its premium large format (PLF) brand, PRIME @ AMC®. The programme, which is scheduled to start later this year, will bring cutting-edge laser technology from Cinionic, the industry pioneer in laser cinema, to all PRIME at AMC locations across the country.
Also Read: Nio Stock Forecast 2022
AMC Stock Forecast: Quarter 3 results
- Renuse saw an increase of 2.7% from Q3 of 2021 which is $224.2m.
- It incurred a net loss of $226.9m, an increase of 2.7% from Q3 of 2021 which is $224.2m.
- Adjusted EBITDA has grown to a loss of $12.9m from last year’s 3rd Quarter loss amounting to $5.4m.
- Adjusted loss per share has decreased to -0.20 from the previous year’s quarters of -0.20.
- In 3rd quarter of 2021, free cash flow stood up at -$138.9 and it has deepened to -$278.1m.
- AMC has a liquidity of $895.8m, inclusive of the $211.2m undrawn capacity of the revolving credit facility.
AMC is not expected to post a profit in 2022, 2023, or 2024.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.