Shares of movie theater operator AMC Entertainment Holdings, Inc. (NYSE: AMC) plunged 53.1% in 2017, according to data provided by S&P Global Market Intelligence, as profits began to deteriorate at the box office. The company grew rapidly after acquiring Odeon & UCI Cinemas as well as Nordic Cinema Group for a combined $2.2 billion.
Full Answer
Should you buy AMC stock?
Jan 12, 2018 · Shares of movie theater operator AMC Entertainment Holdings, Inc. (NYSE: AMC) plunged 53.1% in 2017, according to data provided by S&P Global Market Intelligence, as profits began to deteriorate at...
When will AMC stock crash?
Jan 12, 2018 · Shares of movie theater operator AMC Entertainment Holdings, Inc. (NYSE: AMC) plunged 53.1% in 2017, according to data provided by S&P Global Market Intelligence , as profits began to deteriorate...
Why AMC stock will fail?
Aug 10, 2017 · Shares of cinema chain AMC Entertainment Holding Inc. AMC, +2.08% were down as much as 4.8% during intraday trade on Thursday. The stock's move led a selloff in the cinema group, with Regal ...
Why is AMC stock going down?
Aug 01, 2017 · Here is what AMC’s outlook for its full-year results, compared to analyst forecasts, according to Thomson Reuters: Per share: Loss of 97 cents to …
What caused AMC to drop in 2017?
Despite healthy growth in revenues, the P/S multiple dropped 65% from 0.46x in 2017 to 0.16x in 2019. This was mainly due to volatility in earnings, with the company reporting losses in 2019, and a rising debt burden putting strain on margins and the balance sheet.Mar 5, 2021
Why did the AMC stock drop?
AMC (AMC) shares tanked as much as 17% during the lows of the session on Wednesday after the Centers for Disease Control and Prevention (CDC) confirmed the first case of the Omicron variant detected in California.Dec 1, 2021
What happened to AMC stock in 2018?
The stock closed with a market capitalization of $28 billion, more than 20 times what it was in 2018, a record-breaking year at the box office.Jun 2, 2021
Is AMC good stock to buy right now?
So at this point, AMC is not a buy right now. For aggressive traders, a short-term trend line drawn from the Sept. 13 near-term high of 52.79, connecting the Oct. 19 intraday peak of 44.44, had produced an early buy point near 41.Apr 9, 2022
Why did the AMC stock go up?
AMC Entertainment Holdings Inc (NYSE: AMC) is trading higher Monday after the company confirmed that its October ticket admission revenues, both internationally and in the U.S., were the highest that AMC Entertainment has seen for any single month since February 2020.Nov 1, 2021
Will AMC go back up stock?
Deflating the short interest. Deflating AMC's short interest like we saw back in January and June means AMC stock will go up significantly higher from its current share price. What is this? Small short covering allowed AMC to reach $72 per share back in June of 2021.Apr 8, 2022
What was AMC stock pre 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
What's the highest AMC stocks ever been?
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 287.9% above the current share price. The AMC Entertainment Holdings 52-week low stock price is 8.90, which is 52.5% below the current share price.
What is Nio price target?
The 29 analysts offering 12-month price forecasts for NIO Inc have a median target of 32.94, with a high estimate of 86.57 and a low estimate of 24.08. The median estimate represents a +67.62% increase from the last price of 19.65.
Is it too late to buy AMC stock?
So, is it too late to purchase AMC stock? The price after a short squeeze eventually fall back down and level out, but this will take time. With AMC stock trading below $100, now could be the perfect time to buy. Despite what corporate media is pushing, AMC's growth tells us the stock is undervalued.Feb 13, 2022
What is the best stock to buy right now?
Top 10 Stocks To Buy Right NowPalo Alto Networks, Inc. (NASDAQ: PANW)Shopify Inc. (NYSE: SHOP)PayPal Holdings, Inc. (NASDAQ: PYPL)Netflix, Inc. (NASDAQ: NFLX)Upstart Holdings, Inc. (NASDAQ: UPST)CrowdStrike Holdings, Inc. (NASDAQ: CRWD)Airbnb, Inc. (NASDAQ: ABNB)Roku, Inc. (NASDAQ: ROKU)More items...•Apr 8, 2022
Does AMC stock short squeeze?
Because AMC is heavily shorted at 20%, this is a short squeeze play in 2022. A 20% short interest is equivalent to approximately 114.26 million shares on loan (shares that have been borrowed and have not yet been closed).5 days ago
What happened to AMC in 2017?
What happened. Shares of movie theater operator AMC Entertainment Holdings, Inc. (NYSE: AMC) plunged 53.1% in 2017 , according to data provided by S&P Global Market Intelligence, as profits began to deteriorate at the box office.
Is AMC expanding its own business?
AMC expanded its own business just as the movie theater business started to slow down . With consumers having better access to movies at home and on-demand services getting movies more quickly, there's less reason to go to the movie theater today. That's the harsh reality of the business AMC is in, and that'll make it tough for the company to recover anytime soon.
What happened
Shares of movie theater operator AMC Entertainment Holdings, Inc. (NYSE: AMC) plunged 53.1% in 2017, according to data provided by S&P Global Market Intelligence , as profits began to deteriorate at the box office. The company grew rapidly after acquiring Odeon & UCI Cinemas as well as Nordic Cinema Group for a combined $2.2 billion.
So what
Problems began in earnest when second-quarter results were released, showing a loss of $176.5 million on a $202.6 million writedown of NCM assets. What's really shocking is that revenue for the first three quarters of the year was up 59.7% to $2.33 billion, but adjusted EBITDA was only up 27.1% to $534.3 million.
Now what
AMC expanded its own business just as the movie theater business started to slow down. With consumers having better access to movies at home and on-demand services getting movies more quickly, there's less reason to go to the movie theater today.
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Referenced Symbols
Shares of cinema chain AMC Entertainment Holding Inc. AMC, -0.54% were down as much as 4.8% during intraday trade on Thursday. The stock's move led a selloff in the cinema group, with Regal Entertainment Group RGC, -7.45%, Cinemark Holdings Inc. CNK, -0.40%, Marcus Corp. MCS, -0.33% and Imax Corp. IMAX, -1.91% were all down nearly 2%.
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About the Author
Trey Williams reports for MarketWatch from New York. You can follow him on Twitter @Trey3Williams.