AMC is a reputed movie theater chain in the world, founded in 1920 in Kansas City, Missouri. In this article, I will present a technical analysis of AMC Stock Price Target.
What is AMC?
AMC Entertainment Holdings is an American movie theater chain having headquarters in Leawood, Kansas. The company was established in Kansas City, Missouri in 1920. The company is recognized as the largest movie theatre chain throughout the globe and it also has the largest share of the US theatre market ahead of Cinemark and Regal theatres.
The company turned out to be the largest movie theatre chain after acquiring Carmike Cinemas, UCI Cinemas, and Odean Cinemas in 2016. AMC has more than 7,755 screens in 593 theatres in the United States and 2,807 screens in 353 theatres in Europe.
AMC stock was listed on the New York Stock Exchange in 2012.
AMC stock price
The current AMC stock price is $5.24. The stock touched its highest price of $45 in June 2021. Thereafter, the stock price decreased.
AMC stock price technical analysis
Since touching the highest point of $45, the AMC stock price has shown a downward trend.
AMC stock price is currently trading inside the rectangular zone. The stock price has touched the zone several times in the past 5 to 6 years.
After the lockdown, AMC’s stock price observed a slight decrease. As soon as things became normal post covid, there was a drastic increase in the stock price as the movie theatres and cinema halls observed a boom.
If we look at the slanting trend line, we see that the price is currently trading at the lowest point as well as inside the rectangular zone.
There are high chance that the prices will increase once the price breaks the horizontal trend line.
Once the price crosses the trend line, it is likely to retrace back again to the zone and then move in an upward direction.
The stock price is also below 200 MA. Once it crosses the 200 MA line, investors can enter into the trade.
AMC stock price target
AMC stock price target 2023
AMC stock price was $4.07 at the beginning of 2023. The price is expected to touch $8.7 at the end of the year. In the middle of 2023, we can see the prices hovering around $6.5.
AMC stock price target 2024
The stock price is likely to observe a growth of more than 150%. The price is expected to be around $11.25 in the middle of the year and $13.50 at the end of the year.
AMC stock price target 2025
AMC stock price in 2025 is expected to be between $15 to $17. This means the stock will observe a growth of more than 200% from today.
AMC stock price target 2030
AMC stock price is expected to increase from $32 to $40. The price at the beginning of the year is expected to be $32 and then increase to $32.75. The price at the end of the year is expected to give more than a 500% return on investment from today.
AMC dividend declaration
AMC declared dividends several times in the year, before March 2020. The usual dividend declared was 20 cents and 3 cents.
How high is AMC stock expected to go?
AMC stock is expected to give a return of more than 100% in the next 5 years as it is expected to cross $12. Considering it from a long-term viewpoint, AMC stock can give a 500% return within the next 10 years.
Is AMC good to invest in right now?
Valuation metrics represented that AMC can be overvalued and can be a bad pick for short-term investors. The financial health of the company has the potential to underperform the market. However, the recent price changes, as well as earnings, show that if you want to invest for the long term then you can invest in AMC right now.
Why is AMC so low?
The prices of AMC decreased when the CEO announced a pay freeze for himself and the company proposed a stock split of 10-1.
Frequently asked questions
Is AMC expected to grow?
Yes, AMC is expected to grow if you are considering it from a long-term perspective.
Is AMC stock profitable?
AMC stock can be profitable if investing in the long term.
Can AMC stock go zero?
AMC stock can go to zero if the company has a huge debt and has to cash it by selling the shares.
Is AMC a good long-term stock?
Yes, AMC is a good long-term stock.
Who owns the most stock in AMC?
Vanguard Group owns a total of 49.3 million shares.
Disclaimer: If you want to invest in the stock market, you should consult your financial advisor before making a buying decision. You should assess the risk and study the company details.
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