Analyst Ratings Change
Roth MKM Capital (Rank#170) issued a research report on Tuesday October 17th, and raised the 12 month target on the stock to $5 from $.50 per share. The analyst also maintained the “Sell” rating on AMC’s stock.
AMC Stock Forecast & Analysis
The AMC Entertainment Holdings Inc stock is currently trading at USD 9.33, and it has experienced some significant price fluctuations in recent times. Over the past week, the stock price has decreased by -4.99%. However, looking at the broader picture, over the last year, it has seen a substantial decline of -84.45%. Despite this, analysts have provided an average target price of USD 12.22 for the stock over the next 12 months, which suggests they anticipate some level of recovery or growth in its value.
The average analyst rating for AMC Entertainment Holdings Inc is “Under-perform,” indicating a general sentiment that the stock may not perform well relative to the broader market or industry peers. This rating suggests a cautious outlook on the company.
Stock Target Advisor’s analysis of AMC Entertainment Holdings Inc is “Slightly Bullish.” This outlook is based on evaluating various signals, with seven being positive and five being negative. The slightly bullish sentiment from Stock Target Advisor implies that, despite the stock’s recent challenges and the cautious outlook of some analysts, there are still factors and indicators that suggest some optimism about its potential performance.
AMC Technical Analysis
Technical analysis of AMC Entertainment Holdings Inc’s stock suggests that it may be undervalued, with the potential to reach $13 per share, while the lower end of the range could be around $7 per share. Here are some key points to support this analysis:
- Support and Resistance Levels: Technical analysts often look at historical price patterns and key support and resistance levels. In the case of AMC, $7 per share could be considered a strong support level, as it has previously bounced off this price point. This means that $7 is a potential bottom for the stock.
- Moving Averages: Analysts use moving averages to identify trends and potential turning points. If the stock is currently trading below its moving averages, it may be seen as undervalued. Conversely, if it’s trading above its moving averages, it might be considered overvalued. If the stock is below its moving averages, it could indicate a buying opportunity.
- Relative Strength Indicator (RSI): The RSI is a momentum oscillator that measures the speed and change of price movements. An RSI below 30 typically suggests that a stock is oversold and may be undervalued. If AMC’s RSI is below 30, it could indicate that it’s in oversold territory.
- Volume Analysis: High trading volume can be a sign of strong investor interest. If the stock is experiencing increased volume as it approaches the support level of $7, it might indicate that investors see it as a good value at that price, potentially driving the stock upward.
- Positive Sentiment: Positive sentiment from retail investors can also drive the stock’s price higher. Social media, forums, and online communities often play a role in boosting investor sentiment, which can influence the stock price.
- Short Squeeze Potential: AMC has been a popular target for short sellers. A short squeeze, where short sellers are forced to cover their positions by buying the stock, can lead to rapid price increases. This can contribute to the stock reaching higher price targets.
AMC has been highly volatile and influenced by factors like retail investor sentiment and short squeeze dynamics. As a result, investors should approach these technical analyses with caution and consider other fundamental and market factors before making investment decisions.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
