AMC Networks Inc. (NASDAQ:AMCX) went down by -1.48% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Broadcasting giant went up by $26.62 to trade ended Friday trading at $27.02. This is down from the $27.02 price recorded on Thursday’s trading session. Thanks to this latest performance, AMCX is closer to the higher price 52-week target of $34.00 and further from the lowest price target of $19.00. Its performance from the start of the year has also been negative, with AMCX down by -32.61% year-to-date.
AMC Networks Inc. (AMCX) started the day trading at $27.45 and recorded an intraday high of $27.88. It also recorded an intraday low of $26.125 during Friday’s trading session. AMC Networks Inc. is a very active stock that recorded a trading volume that is more than 37.31% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 1498329, which is more than 37.31 of the total average daily trading volume of 939.31K.
AMC Networks Inc. (NASDAQ:AMCX) 2020 Performance Impressive
The increase in AMCX’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of AMCX currently stands at $57.04, which is higher than the current trading price of the stock by 53.33%. However, AMCX’s current trading price is -35.68% lower than the 52-week low price of $19.62. In terms of trading volume, AMC Networks Inc. currently experienced healthy participation during the last trading session. 1498329 shares of AMC Networks Inc. were traded on the stock exchange on Friday, which is more than 37.31% of the 939.31K average trading volume of the stock.
The performance of the stock has been positive over the past year. AMCX’s performance over the past one year has seen it plunge by -52.28%, while the stock has gone down by -30.11% in the last six months. The quarterly performance of AMCX currently stands at 7.64%, and it is down by -12.03% in the last month. The only negative figure was from the weekly performance, which currently reads -4.55%. At the time of writing AMCX’s report, the company has a total market cap of $1.41B, making it one of the largest publicly-traded companies in the world.AMC Networks Inc. also has over 2114 employees all over the world.
AMCX Insider Activities
The insider transactions over the past six months are up by 18.40%.For AMC Networks Inc. insiders bought 377,643 shares in 24 transactions. In that same period, insiders sold 173,598 of their shares in 24 transactions. After these transactions, insiders at AMC Networks Inc. now hold 2.51M shares, which is over 111.36% of the total company stocks. Institutional investors currently hold a large chunk of the AMCX shares, as they control 4.81% of the company’s total stock.
AMCX Fundamental Analysis
For AMC Networks Inc., the stock’s diluted earnings per share (EPS) stands at 5.38. In the coming year, analysts expect the EPS to be 6.49. The EPS growth will slow down over the next five years to -12.20% after surging by 13.00% in the previous five years. In terms of revenue, AMC Networks Inc.’s quarterly sales (YOY) is growing at 1.24, which is lower than the average annual revenue of 13.00% over the past half a decade.
The Return on Investment (ROI) on AMC Networks Inc.’s stock currently stands at 13.90%, and it has a net profit margin of 10.20%. The operating margin of the company is 17.50%, and its gross margin is 51.00%.
AMCX Analysts Prediction
The Imperial Capital has a In-line rating for AMC Networks Inc., predicting the stock price to stay between $35 and $33. Imperial Capital reiterate their Underperform position on the stock ($39 and $35) and Imperial Capital reiterate their Underperform position on the stock ($41 and $39).
AMCX received a positive rating from Imperial Capital, which set a price target of $53-$41 for the stock.
At the moment, AMC Networks Inc.’s Total Debt to Equity ratio stands at 4.77, and they have a long-term Debt to Equity ratio of 4.65.
AMCX Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of AMCX currently stands at -10.63%, while the SMA50 is -0.71%. The biggest one is the SMA200, which is currently reading -25.85% ahead of Friday’s trading session. The Relative Strength Index of this stock is 44.81, while its price to earnings ratio (P/E) is 4.95.