AMC Stock: Is It A Buy Now? Here’s What AMC Entertainment Fundamentals, Stock Chart Say

Going to the movies is exciting again. But can it match the mind-bending action by AMC Entertainment (AMC)? Starting the year of 2021 at 2 a share, AMC stock skyrocketed more than 36-fold to an all-time high of 72.62 on June 2 that same year.


After a brutal 2022 for meme stocks, AMC’s drama in the stock market today has continued.

AMC stock started 2022 at 27.20 and ended the year at 4.07, a miserable loss of 85%. Shares revisited lows last seen in January 2021. The new year had seen a much better start for AMC so far, but the stock is making another deep slide following news that shareholders approved a plan to conduct a 1-for-10 reverse stock split and convert its APE preferred shares into common stock.

On Tuesday, AMC stock slumped 15% in heavy volume. That marked the biggest single-day drop in 2023 so far. It also cut year-to-date gains to 14%.

After a six-day decline in early February, AMC shares rebounded. On Feb. 27, the stock ripped 22% higher in the biggest volume on a single session so far this year. But the gains vanished into the ether following Q4 results.

So at this, point, is AMC stock a buy now? Or is it a sell?

This story examines fundamental, technical and fund ownership factors to determine if the Leawood, Kan., company with 940 theaters and more than 10,500 screens scores a good probability of making more money for stock traders.

On Feb. 28, AMC reported an adjusted net loss of 14 cents per share. That’s a much larger loss than the 5-cent-per share deficit a year earlier, yet still beat Wall Street’s expectations. Sales also beat the consensus view at $990.9 million, down 15% year over year. That snapped a six-quarter streak of beefy top-line gains. The company noted that industry-wide box office ticket sales likely won’t return to pre-Covid pandemic levels until 2024 or 2025 at the earliest.

According to Yahoo Finance, analysts on consensus saw the company posting a Q4 net loss of 21 cents per share, smaller than the 26 cents it lost in the year-ago quarter. The Street projected revenue slipping 16.6% to $977.7 million. The…


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