What was AMC share before Covid?
AMC stock was soaring Tuesday after the movie theater chain said it saw the most profitable quarter by some measures since before the onset of the Covid-19 pandemic. Shares in AMC (ticker: AMC), a favorite among retail investors, shot up 10.4% to $17.73.Feb 1, 2022
How much was AMC worth before Covid?
$1 billion
Put another way, AMC's stock was worth less than $1 billion before COVID-19 and is now trading at 20 times that despite there being less revenue and more shares issued. Investors could see a huge letdown eventually if the meme frenzy slows.Jul 26, 2021
What was AMC highest stock price?
The latest closing stock price for AMC Entertainment Holdings as of May 09, 2022 is 12.52.
- The all-time high AMC Entertainment Holdings stock closing price was 62.55 on June 02, 2021.
- The AMC Entertainment Holdings 52-week high stock price is 72.62, which is 480% above the current share price.
Is it worth buying AMC stock right now?
AMC's Financials Are In Great Shape
On a year-over-year basis, revenue increased by 620% in Q4. Drink and food revenue reached 87% of pre-pandemic levels, to an average of $6.38 per patron. That's quite a bit better than the $4.74 per person AMC made in the fourth quarter of 2019.Apr 12, 2022
On a year-over-year basis, revenue increased by 620% in Q4. Drink and food revenue reached 87% of pre-pandemic levels, to an average of $6.38 per patron. That's quite a bit better than the $4.74 per person AMC made in the fourth quarter of 2019.Apr 12, 2022
Is AMC a good stock to buy in 2021?
AMC stock had a great year in 2021. Could that repeat itself in 2022? AMC Entertainment Group (AMC -6.33%) has been one of the most prominent stocks in 2021.Dec 17, 2021
What was GameStop highest stock price?
The all-time high GameStop stock closing price was 347.51 on January 27, 2021.
When did AMC stock go public?
December 18, 2013
When did AMC Entertainment Holdings, Inc. first become a public company? AMC Entertainment Holdings, Inc. began trading on the New York Stock Exchange on December 18, 2013.
Will AMC stock go up?
Small short covering allowed AMC to reach $72 per share back in June of 2021. So why can AMC stock still skyrocket? Despite the heavy buying volume from retail, AMC still has more than enough short interest percentage to squeeze shorts from their positions. 2022 is only the sequel to 2021's runup.May 4, 2022
How many AMC stocks are available?
Share Statistics
| Avg Vol (3 month) 3 | 48.18M |
|---|---|
| Shares Outstanding 5 | 513.33M |
| Implied Shares Outstanding 6 | 513.33M |
| Float 8 | 515.45M |
| % Held by Insiders 1 | 0.20% |
Is AMC stock a buy sell or hold?
AMC Entertainment has received a consensus rating of Sell. The company's average rating score is 1.25, and is based on no buy ratings, 1 hold rating, and 3 sell ratings.
Is AMC a good long term investment?
From 2015 to 2020, revenue dropped 21.1%. During the same stretch, AMC's revenue more than doubled at 103%. If your company's business is shrinking, it's probably not going to be a great long-term investment. AMC stock is the clear revenue winner.Oct 20, 2021
What is the prediction of AMC stock?
–AMC Stock Forecast: Shares of AMC are expected to trade between $12.8 and $14.9. The overall momentum is Negative . -The average 12-month target for AMC is $9.83.
...
AMC Stock Forecast: Is AMC on the path to recovery?
...
AMC Stock Forecast: Is AMC on the path to recovery?
| Share Volume | 33.0 M |
|---|---|
| Forward P/E 1 Yr. | -22.61 |
Share Dilution Is Out of Control
Debt Is Out of Control, Too
- Even before the pandemic, AMC was bloated with debt. The company finished 2019 with $4.7 billion in corporate borrowings and just $265 million in cash. As of the end of the third quarter, that debt had ballooned to $5.8 billion. The company has added to its borrowing since then, and much of the recent loans have come at interest rates as high as 15...
It's A Declining Industry
- In the U.S., where most of AMC's theaters are, overall movie ticket sales peaked in 2002 at 1.58 billion. In 2019, before the pandemic, it was 1.23 billion, and that's even as the U.S. population increased by about 15% from 2002 to 2019. Ticket prices have gone up more than 50% since 2002, so revenue has increased in the industry -- but the declining attendance is a real problem. …
Studios Are Holding The Chips Now
- Over the last year or so, a drumbeat of new streaming services has landed, including Disney+, Apple TV+, Comcast's Peacock, AT&T's HBOMax, and Discovery Communications' Discovery+, and ViacomCBS's Paramount+ is coming out soon. Not only do these new options give would-be moviegoers more reasons to stay at home, they also give studios the ability to del…
The Pandemic Isn't Over
- The stock's recent gains would be absurd even if the company wasn't in the midst of an unprecedented crisis, but the business is still going to be bleeding cash through at least the summer, when experts have said that we may be able to return to some degree of normalcy. AMC burned an average of $124 million in cash in each of the last three months of 2020, or nearly $4…
Investor Takeaway
- At this point, the most realistic path back to profitability is for AMC to sell billions in new equity so it can pay down its debt. But that would only dilute shareholders further. There's no realistic path to success here for the company or shareholders. The best move here for AMC investors, as one movie buff might say, is to take the money and run.