While AMC Networks Inc has overperformed by 6.45%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMCX fell by -38.93%, with highs and lows ranging from $20.97 to $7.08, whereas the simple moving average fell by -14.05% in the last 200 days.
On October 22, 2024, Seaport Research Partners Upgraded AMC Networks Inc (NASDAQ: AMCX) to Buy. A report published by Seaport Research Partners on December 12, 2023, Downgraded its rating to ‘Neutral’ for AMCX. Seaport Research Partners also rated AMCX shares as ‘Buy’, setting a target price of $16 on the company’s shares in an initiating report dated October 06, 2023. Morgan Stanley June 06, 2023d the rating to Underweight on June 06, 2023, and set its price target from $19 to $12. Deutsche Bank July 22, 2021d its ‘Hold’ rating to ‘Sell’ for AMCX, as published in its report on July 22, 2021. Goldman’s report from May 14, 2021 suggests a price prediction of $51 for AMCX shares, giving the stock a ‘Neutral’ rating. Wells Fargo also rated the stock as ‘Underweight’.
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Analysis of AMC Networks Inc (AMCX)
Further, the quarter-over-quarter decrease in sales is -5.86%, showing a negative trend in the upcoming months.
In order to gain a clear picture of AMC Networks Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 3.33% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.31, 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.
An average volume of 1.31M can be a very valuable indicator of volatility for AMCX stock. On a monthly basis, the volatility of the stock is set at 6.00%, whereas on a weekly basis, it is put at 5.96%, with a loss of -0.83% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.50, showing decline from the present price of $9.57, 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?
The USA based company AMC Networks Inc (AMCX) is one of the biggest names in Entertainment. 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 15.17, there is a growth in quarterly earnings of -47.41%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 34.92%. 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 76.84% 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 76.84% at present.
