What is AMC?
AMC Entertainment Holdings is a movie theatre chain known not only for its extensive global presence with over 1,000 theatres and 11,000 screens in 15 countries but also for its recent rise as a meme stock on Reddit.
Headquartered in Leawood, Kansas, AMC stock became a focal point for a group of investors on Reddit’s WallStreetBets forum. Its stock particularly has seen a significant surge in interest and price due to this group buying and promoting it heavily. AMC hit the mainstream headlines when Reddit investors forced a short squeeze, costing some institutions billions of dollars.
How does AMC make money?
AMC makes money primarily through operating its movie theatres. Its theatres generate revenue through various means, including ticket sales, food and beverage sales, and advertising.
The company also earn money from on-screen advertising, which is shown before a movie starts. These adverts, which often include previews of upcoming movies and commercials for other products and services, are purchased by businesses. The revenue is shared between AMC and the studios that produce the movies.
What is AMC’s best selling product?
AMC’s biggest revenue earner is unsurprisingly, ticket sales. In 2021 the company generated $2.53 billion in revenue, and more than half that amount ($1.38 billion) came from the sale of tickets. Food and beverage amount to the majority of the remaining revenue.
Who are the key executives at AMC?
Adam Aron is the current CEO of AMC. Here’s a selection of other key executives at the company.
- Adam Aron. Chief Executive Officer
- Craig Ramsey. Chief Financial Officer
- Elizabeth Frank. Chief Content & Programming Officer
- John McDonald. President and Chief Operating Officer
- Steve Bunnell. General Counsel and Secretary
- Sean D. Goodman. Exec. VP, CFO & Treasurer
- Chris A. Cox. Sr. VP & Chief Accounting Officer
- Kevin M. Connor. Sr. VP, Gen. Counsel & Sec
- Eliot Hamlisch. Exec. VP & Chief Marketing Officer
Where can I buy shares in AMC?
You can buy AMC stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.
Are there any other ways to invest in AMC?
The simplest way to invest in AMC is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.
AMC is part of the Nyse index, so you can invest in an ETF that tracks that index, or choose a small cap ETF that lets you own a basket of related stocks from the same industry.
More about the AMC price
What is the AMC stock price today?
The AMC stock price today is currently $4.06, as of 11 November, 2023. The price of AMC is down 82.13% over the last 52 weeks. You can use the live AMC stock chart to track the NYSE:AMC price in real time above, or compare the AMC value today to its past performance using the AMC financials tab at the top of this page.
What is the 52-week low for AMC stock?
The 52-week low for AMC stock is $3.77. AMC stock is currently 8.55% above the 52-week low.
What is the 52-week high for AMC stock?
The 52-week high for AMC stock is $34.33. AMC stock is currently 82.13 below the 52-week high.
What is the stock forecast for AMC?
The average AMC stock forecast has a price target of $6.30 by the end of 2023. AMC’s latest financial results, the broader economic outlook, and the impact of Reddit traders affect these forecasts.
It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock. Read our latest AMC price forecast for more analysis and guidance.
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AMC’s market capitalisation is $2.01 billion. This is calculated by multiplying the number of shares that have been issued by the current AMC share price. Another way of measuring this is enterprise value, which includes AMC’s debt obligations. AMC’s enterprise value is $11.52 billion.
AMC went public on December 18, 2013 via an IPO. The company’s opening price for its initial public offering was $18.00 per share and it raised over $331.8 million
The Vanguard Group is by far the largest shareholder of AMC stock. The financial institution owns approximately 9.27% of the company. In second place is Blackrock, with a 4% stake, and in third is State Street, which owns just under 2%.
AMC is in the movie business, so it is no surprise that its biggest competitors are other movie theatre companies. Here’s a list of some of its top competitors.
AMC has not undergone a stock split. A stock split is when a company divides its existing shares into multiple shares. This is usually done when a company’s stock has increased significantly in value and its management wants to make it more affordable for individual investors.
AMC Entertainment Holdings typically releases its earnings reports every quarter, which is the standard reporting schedule for publicly traded companies. The specific dates for the release of AMC’s earnings reports can vary, but they are typically announced in advance and are available on the company’s investor relations website
No, AMC does not pay dividends.
Latest AMC news
Recent AMC price analysis
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