AMC Networks Inc (NASDAQ:AMCX) price on Friday, April 11, rose 2.74% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.01.
A look at the stock’s price movement, the close in the last trading session was $5.85, moving within a range at $5.6966 and $6.03. The beta value (5-Year monthly) was 1.281. Turning to its 52-week performance, $18.58 and $5.41 were the 52-week high and 52-week low respectively. Overall, AMCX moved -11.36% over the past month.
AMC Networks Inc’s market cap currently stands at around $265.25 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-13.
Analysts have a consensus estimate of 567.23M for the company’s revenue for the quarter, with a low and high estimate of 556.35M and 576M respectively. The average forecast suggests down to a -4.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.31B, representing a -4.69% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AMCX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend AMCX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AMCX’s current price about -9.76% and -20.36% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.33, while 7-day volatility ratio is 10.93% and 6.62% in the 30-day chart. Further, AMC Networks Inc (AMCX) has a beta value of 1.45, and an average true range (ATR) of 0.46. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $9 and high of $11. Looking at the price targets, the low is -49.75% off current price level while to achieve the yearly target high, price needs to move -83.03%. Nonetheless, investors will most likely welcome a -66.39% jump to $10 which is the analysts’ median price.
If we refocus on AMC Networks Inc (NASDAQ:AMCX), historical trading data shows that trading volumes averaged 0.62 over the past 10 days and 594.97K over the past 3 months. The company’s latest data on shares outstanding shows there are 32.64 million shares.
The 27.67% of AMC Networks Inc’s shares are in the hands of company insiders while institutional holders own 75.56% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.74 million on 2025-03-14, giving us a short ratio of 5.88. The data shows that as of 2025-03-14 short interest in AMC Networks Inc (AMCX) stood at 2112.9999 of shares outstanding, with shares short falling to 5.56 million registered in 2025-02-14. Current price change has pushed the stock -39.29% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMCX stock continues to rise going into the next quarter.
