What's Going On With AMC Entertainment Stock?

AMC Entertainment Holdings, Inc. AMC shares are trading higher Monday, and the stock is up more than 38% over the past five days. Here's a look at what's going on. 

What To Know:

AMC shares continue their recent rally on Monday in spite of a lack of company specific news. Last Thursday, Wedbush analyst Alicia Reese maintained a Neutral rating on AMC Entertainment and lowered the price target from $6 to $4, citing the company’s heavy debt load overshadowing positives including improving box office trends.

CEO Adam Aron, one of the largest AMC shareholders with over 2 million shares, pledged his support of shareholders in a post on the social media platform X on April 5. 

"Other than to fund mandatory federal and state income tax withholdings, I have not sold even one AMC share since January of 2022. I ride with you," Aron posted. 

AMC is expected to report earnings in early May, although a date has not yet been confirmed by the company. According to data from Benzinga Pro, analysts expect the company to report losses of 82 cents per share and quarterly revenue of $839.602 million. 

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Will AMC Stock Go Up?

When trying to assess whether or not AMC Entertainment will trade higher from current levels, it's a good idea to take a look at analyst forecasts.

Wall Street analysts have an average 12-month price target of $5 on AMC. The Street high target is currently at $6 and the Street low target is $4. Of all the analysts covering AMC Entertainment, no one has positive ratings, 2 have neutral ratings and no one has negative ratings.

In the last month, one analyst has adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering AMC Entertainment Holdings have performed in recent history.

Stocks don't move in a straight line. The average stock market return is approximately 10% per year. AMC is 93.05% down year-to-date. The average analyst price target suggests the stock could have further upside ahead.

For a broad overview of everything you need to know about AMC Entertainment Holdings, visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.

AMC Price Action: According to Benzinga Pro, AMC Entertainment shares are up 8.39% at $3.42 at the time of publication Monday.

Image: Gerd Altmann from Pixabay