While AMC Networks Inc has underperformed by -1.32%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMCX fell by -26.41%, with highs and lows ranging from $20.97 to $7.08, whereas the simple moving average fell by -35.75% in the last 200 days.
On December 12, 2023, Seaport Research Partners Downgraded AMC Networks Inc (NASDAQ: AMCX) to Neutral. A report published by Seaport Research Partners on October 06, 2023, Initiated its previous ‘Buy’ rating for AMCX. Morgan Stanley also Downgraded AMCX shares as ‘Underweight’, setting a target price of $12 on the company’s shares in a report dated June 06, 2023. Deutsche Bank July 22, 2021d the rating to Sell on July 22, 2021, and set its price target from $32 to $48. Goldman May 14, 2021d its ‘Sell’ rating to ‘Neutral’ for AMCX, as published in its report on May 14, 2021. Wells Fargo’s report from March 26, 2021 suggests a price prediction of $52 for AMCX shares, giving the stock a ‘Underweight’ rating. Macquarie also rated the stock as ‘Neutral’.
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Analysis of AMC Networks Inc (AMCX)
Further, the quarter-over-quarter decrease in sales is -7.76%, showing a negative trend in the upcoming months.
To gain a thorough understanding of AMC Networks Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 5.65% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.12, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and AMCX is recording an average volume of 1.27M. On a monthly basis, the volatility of the stock is set at 6.74%, whereas on a weekly basis, it is put at 3.77%, with a loss of -5.41% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.60, showing growth from the present price of $8.22, which can serve as yet another indication of whether AMCX is worth investing in or should be passed over.
How Do You Analyze AMC Networks Inc Shares?
A leading company in the Entertainment sector, AMC Networks Inc (AMCX) is based in the USA. When comparing AMC Networks Inc shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 6.26, there is a growth in quarterly earnings of -141.09%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 28.97%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 92.37% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AMCX shares are owned by institutional investors to the tune of 92.37% at present.
