|Bid||12.80 x 1800|
|Ask||12.81 x 1400|
|Day's range||12.57 - 14.34|
|52-week range||1.91 - 20.36|
|Beta (5Y monthly)||1.37|
|PE ratio (TTM)||N/A|
|Earnings date||04 Aug 2021 - 09 Aug 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||06 Mar 2020|
|1y target est||4.44|
Meme-stock favorite AMC has skyrocketed this year, but one veteran media analyst says the movie studios' pressure on the exclusivity window means AMC is very overpriced.
(Reuters) -Shares in heavily shorted AMC Entertainment Holdings closed up 1.6% in busy trading on Friday as one analyst raised their price target for the cinema operator's stock, a focus in social media forums popular among retail investors. AMC's gain was forcing bearish investors out of their positions, according to one analyst who watches short-sellers. AMC last traded at $12.98 after rising as high as $14.34 during the session, with volume 3.2 times the 10-day moving average and the stock the most-heavily traded on all exchanges.
After a secondary stock offering netted AMC Entertainment Holdings (NYSE: AMC) some $428 million, one analyst thinks the theater operator's finances are increasingly solidifying and that could send its stock "sharply higher." A confluence of events caused B. Riley analyst Eric Wold to raise his price target on AMC to $16 from $13 and reiterate his buy rating on the stock. Back in January, AMC had been scrambling to cobble together $1 billion from lenders to stay afloat when it seemed likely it would declare bankruptcy, but it has been able to take advantage of a soaring stock price due to a massive short squeeze.