AMC Entertainment (AMC, $16.31) gets a rating upgrade to buy from neutral
AMC Entertainment's stock climbed +10% Monday, following B. Riley FBR analyst’s upgrade on the company.
Analyst Eric Wold raised his rating to buy from neutral, citing impressive advance ticket sales for the movie 'Avengers: Endgame', which he believes should be a substantial boost to AMC’s business. He also sees strong potential in the movie theatre chain’s Stubs A-List program, which allows moviegoers to watch up to three films per week.
Wold seems to be viewing AMC’s Stubs A-list as a meaningful substitute to Movie Pass’ subscription service, for cinephiles. He also noted that potential rival movie chain Regal has not yet introduced a subscription program following its acquisition by Cineworld over a year ago.
AMC sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for AMC moved above the 200-day moving average on August 20, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
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Notable companies
The most notable companies in this group are Netflix (NASDAQ:NFLX), Walt Disney Company (The) (NYSE:DIS), Roku (NASDAQ:ROKU), Paramount Global (NASDAQ:PARA), iQIYI (NASDAQ:IQ), HUYA (NYSE:HUYA), AMC Entertainment Holdings (NYSE:AMC).
Industry description
Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.
Market Cap
The average market capitalization across the Movies/Entertainment Industry is 9.56B. The market cap for tickers in the group ranges from 134 to 262.83B. NFLX holds the highest valuation in this group at 262.83B. The lowest valued company is LRDG at 134.
High and low price notable news
The average weekly price growth across all stocks in the Movies/Entertainment Industry was -3%. For the same Industry, the average monthly price growth was 12%, and the average quarterly price growth was 8%. APHP experienced the highest price growth at 25%, while AMFL experienced the biggest fall at -47%.
Volume
The average weekly volume growth across all stocks in the Movies/Entertainment Industry was 5%. For the same stocks of the Industry, the average monthly volume growth was -30% and the average quarterly volume growth was -13%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 52
P/E Growth Rating: 64
Price Growth Rating: 54
SMR Rating: 83
Profit Risk Rating: 87
Seasonality Score: -15 (-100 ... +100)