AMC Stock Forecast: AMC enters the oversold territory. Outlook remains Negative

AMC Stock Forecast: AMC enters the oversold territory. Outlook remains Negative
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AMC Stock Forecast, January 14th: In the next trading session, Shares of AMC are expected to trade between $ 17.11 and $ 22.36.

The current outlook is Negative (Positive: 00%, Negative: 80%).

2 analysts

AMC Entertainment Holdings Inc (NYSE: AMC): Latest Price

Metric
Value
Trend
Share Volume
44.23 M
NA
Forward PE (1 Year)
-8.78
NA

AMC Stock Forecast: Performance Chart

1 day
5 days
1 month
1 Year
-2.04%
-9.73%
-17.39%
+828.39%

Read: LUCID Stock Forecast

AMC Stock: Momentum Summary

Indicator
Direction
Price
Lower
Volume
NA
Performance vs NASDAQ
Lower
Technical
Sell
Social Media Sentiment
Negative

Robinhood Stock Forecast

AMC Stock Forecast: Technical Analysis

Support
Resistance
Recommendation
$ 17.11 (S3)
$ 22.36 (R1)
Sell
$ 17.11 (S3)
$ 22.36 (R1)
Sell

Latest AMC Technical Video

AMC Stock Forecast: Latest News and Tweets

Originally tweeted by Jarvis-Alerts (@Jarvis_Alerts) on January 12, 2022.

$AMCX [AMC Networks]: Goldman Sachs Maintains Neutral Lowers Price Target $58 –> 42

Originally tweeted by Gabriel Coluccio (@gavicci_) on January 12, 2022.

I agree, we’re at a pivotal moment in AMC’s chart for the upside or downside. But I’m seeing the bullish momentum off the overall W formation on the day chart. I see it hitting $27 – $32 this week. As long as it holds i think we’ll touch $45 next week and it gamma squeezes.

AMC Stock: Social Media Sentiment

Period
Positive Sentiment
Negative Sentiment
Net Sentiment
Last 7 days
12.5%
29.9%
-17.4%
Last 24 hours
13.4%
27.3%
-13.9%

An Unusual Last Year for AMC Entertainment

  • AMC Entertainment rode the wave of “meme stock” trading on 2nd June and stock spiked to all time high of $72.62, a breathtaking upside from $2 price on 4th January 2021.
  • AMC reported it has sold 8.5 million newly issued shares to Mudrick Capitals, a favorite of reddit traders and that fueled frenzy trading in the stock. The company raised $230.5 million through the sale, and plans to use that capital to upgrade theaters and deleverage its balance sheet.
  • The company launched a program called AMC investors connect in early June that is specifically designed to turn shareholders into customers, thereby taking benefits from unseen rally.

CEO Sells Shares to Plan Retirement

  • AMC CEO Adam Aron sold 625,000 shares on Tuesday, and plans to sell shares of this much quantum in near future under a selling program filed with Securities and Exchange commission. The sale is part of executive estate planning.
  • The shares were sold at an average price of $40.53, at a valuation of $25 million. AMC shares reacted to news and fell 4 percent on Wednesday to close at $38.29.
  • The filings with Exchange gave Aron the right to sell the stake of 1.25 million shares over the coming days or weeks. Aron currently holds           400,000 shares of unrestricted shares and 3.3 million shares of unvested restricted stocks and he needs to wait for some time so that restricted stocks vests to complete the sale of 1.25 million shares.
  • Aron turned 67 this year and is reported saying that prudent planning suggests he should diversify his assets fearing potentially soaring capital gains tax rates by Congress and significant changes to what can be passed to one’s heir.

Q3 Earnings Beat Estimates and Crypto Payments Starts for AMC

  • During the third quarter, the company saw revenue rose to $425.1 million from $62.9 million in the year ago period and food and beverage sale also surged to $265 million from $29 million in a year ago period.
  • Diluted EPS stands at -0.44 per share and as operating costs outpaced its revenue, company posted a loss of $224 million for the quarter.
  • Good news is that AMC theaters have joined the crypto bandwagon and company’s customers can do online payment via Bitcoin, Ether, Bitcoin Cash and Litecoin and Dogecoin is expected to be next cryptocurrency to be added in the pipeline. 

Read: Gold Price Forecast : Gold GAINS, Now Over $1865

Writer: Vineet Agarwal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

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