Many people (myself included) are longing for the day we can go back to movie theaters. But perhaps a better question to ask today is: will there even be movie theaters to go back to?
Perhaps the answer is yes and no. For small, independent movie theaters across the country, it may have been difficult or impossible to obtain the bridge financing needed to keep the business afloat. PPP loans helped early-on in the crisis, and more money for loans just passed with the new stimulus bill. But it may not be enough for these businesses.
Larger chains, like AMC Entertainment Holdings, have had more luck. This week, AMC announced it had signed deals for $917 million in financing to secure its business until late 2021. The influx of cash has come from raising $506 million in equity deals and $411 in debt financing, underscoring investor's appetite for risk and extreme levels of liquidity available in the capital markets. Indeed, many credit ratings firms have lowered their expectations for corporate defaults in 2021, given continued government support, the ability to refinance, and optimism that mass immunization will happen in 2021 -- a big "if."
For investors curious about the overall movie entertainment industry, and some of the key players in the space, check out Tickeron's A.I.dvisor's detailed analysis below.
On July 26, 2024, the Stochastic Oscillator for AMC moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 65 instances where the indicator left the oversold zone. In of the 65 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a holding company with interest in movie theatres
Industry MoviesEntertainment