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  • AMC Entertainment Holdings, Inc. (AMC) gained in the Pre-market; here is why?

    AMC Entertainment Holdings, Inc. (AMC) gained in the Pre-market; here is why?

    AMC Entertainment Holdings, Inc. (AMC) stock gained in the pre-market after the company announced its preliminary results for the fourth quarter of 2021. AMC values at around $17.92 in the pre-market, gaining more than 11.58% from the previously closed value. At the end of the last trading session, the stock closed at $16.06. The stock volume traded in the previous trading session was around 48.45 million shares.

    AMC Entertainment Holdings, Inc. (AMC) fourth-quarter preliminary results

    • AMC expects revenue of $1.171 billion in the fourth quarter of 2021. The revenue in the last year’s fourth quarter was around $162.5 million.
    • AMC expects a net loss of between $194.8-114.8 million. Last year’s net loss in the fourth quarter was around $946.1 million.
    • The company expects adjusted EBITDA between $146.8-151.8 million in the fourth quarter of 2021. In 2020’s fourth quarter, the adjusted EBITDA loss was $(327.5) million.
    • The company expects operating cash of $216.5 million in the fourth quarter of 2021.
    • At the end of the fourth quarter of fiscal 2021, the company had around $1.5925 billion in cash and cash equivalents. The company has $1.8016 billion worth of liquidity left.

    According to the AMC, they closed the year with their best quarter in more than two years. With outstanding EBITDA of more than $145 million, better-than-expected Operating Cash Created of more than $215 million, and a record year-ending cash position of $1.8 billion, the fourth quarter of 2021 represents a significant milestone.

    The effect on the AMC stock

    AMC Entertainment Holdings reposts outstanding performance in the fourth quarter of 2021. Investors respond positively to the news and take immense interest in its stock. The price may increase in regular trading as most traders prefer to trade during the regular trading hours.

    Conclusion

    AMC Entertainment Holdings, Inc. has provided some crucial data regarding its performance and has recovered a lot since the pandemic in 2020. Last year was terrible for the business. But the last quarter of 2021 represents that the company is bouncing back and will be profitable soon.

  • AMC Entertainment Holdings, Inc. (AMC) Stock Plunged on Wednesday, Here’s the Reason

    AMC Entertainment Holdings, Inc. (AMC) Stock Plunged on Wednesday, Here’s the Reason

    AMC Entertainment Holdings, Inc. (AMC), a company involved in the theatrical exhibition business, has gained an increase of 4.38% in aftermarket trading session. Consequently, AMC is trading at $29.82 at the time of the writing. On Wednesday, AMC closed the day at $28.57 after depreciating 15.82% during regular trading hours. The decline was attributable to the detection of Omicron variant in California.

    Why AMC Plunged?

    On Wednesday, Center for Disease Control and Prevention (CDC) announced that the first case of Omicron variant, the mutated form of COVID-19 and first found to exist in South Africa, was detected in California. The stock slid over the concerns that the variant could disrupt normal and daily life. The company closed its operations temporarily during the period of the COVID-19 pandemic. However, since the reopening of businesses, as a result of the subsiding effects of pandemic, AMC stock was on a wild ride. But with the announcement of the deadlier variants existent in California, AMC stock plunged during Wednesday’s regular trading hours.

    Q3 2021 Operational Results

    On 8th November, AMC released the operational results for the third quarter of the fiscal year 2021. The quarter ended on 30th September. The company generated total revenue of $763.2 million during the quarter against $119.5 million for the same quarter of 2020. The total operating expenses for the period were $908.4 million against $794.9 million for the same period of 2020. The net loss suffered by the company during the three-month period was $224.2 million (or $0.44 per basic and diluted share) against $905.8 million (or $8.41 per basic and diluted share) for the same period of 2020.

    Executive Commentary

    Adam M. Aron, Chairman of the Board, Chief Executive Officer, and President of AMC, while commenting on the results said that since coming out of pernicious effects of the pandemic, the company has performed tremendously well, as evident from the comparison of the same periods of fiscal 2021 and 2020. He hoped that the company would continue to perform in a similar fashion during future quarters as well.

    Future Outlook for AMC

    During the last three months, AMC stock has declined approximately 35%. The reason for that could be the uncertain times, as the different variants of the pandemic are taking shape, which in turn is making investors around fearful of investing, just like the recent wave of Omicron variant has caused havoc for markets around the globe. However, just like it rose in the past, analysts are hopeful that AMC has the capacity to attract investors in the future.

  • Were There Any Significant Reasons Why The AMC Stock Declined Afterhours?

    AMC Entertainment Holdings Inc. (AMC) shares sank -5.59% to $37.15 in after-hours trading. The AMC stock price closed Tuesday’s session at $39.35, down -7.65%. AMC stock volume was 83.8 million shares, which was about half of the average daily volume of 192.16 million shares within the past 50 days.

    Within the last 12 months, AMC shares have moved up by 823.71%, but over the past week they have moved down by -21.24%. The stock of AMC gained 345.14% over the past three months, while it lost 1688.64% over the past six months.

    Furthermore, AMC has a current market capitalization of $20.49 billion and 520.79 million outstanding shares. AMC is gradually losing ground and has lost a significant amount of the gain realized in the past few months for being the meme stock.

    Recent developments:

    With nearly 950 theatres and 10,000 screens worldwide, AMC is the largest movie exhibitor in the United States, in Europe, and for the worldwide market. By deploying its Signature power-recliner seats and enhancing its food and beverage offerings, AMC has led the way in innovation in the exhibition industry. In addition to offering large format experiences and TV programming, AMC has a loyalty program and subscription programs, as well as web and mobile apps.

    This past weekend, AMC Theatres broke all of its previous post-reopening attendance records, announced the company in a press release.

    • AMC experienced its busiest weekend in 16 months for the third time in three weekends, and for the second time since Memorial Day weekend.
    • From Thursday, July 8 to Sunday, July 11, roughly 3.2 million people watched movies at AMC theatres in the United States and abroad.
    • BLACK WIDOW topped the box office in the United States and Canada over the weekend, earning an estimated $80 million, breaking the record of F9 two weekends ago.
    • In addition to BLACK WIDOW’s performance, the industry saw its first $100 million weekend since early 2020 when nine other top 10 films performed well.
    • There are eight AMC theatres in the US ranked in the top ten busiest movie theatres across the entire industry.
    • AMC Burbank 30, a cinema complex in Burbank, Calif., came in first.

    Record number of guests at AMC:

    AMC hosted 2.5 million guests from Thursday through Sunday, setting yet another record in the United States. AMC theatres in Europe and the Middle East welcomed more than 650,000 international guests in the post-reopening period which is an another record-breaking number. Including the U.S., AMC’s global attendance of approximately 3.2 million for this past weekend, Thursday to Sunday, at home and abroad, is encouraging.