Disney’s (DIS, $117.00) “Avengers: Endgame” boosts AMC Entertainment (AMC, $16.18)
Shares of AMC Entertainment soared more than 10% on Monday, thanks to the strong demand of ‘Avengers: Endgame’ tickets. Following this success, investment firm R. Riley FBR raised the company’s rating from neutral to buy. Previously, the firm had expressed doubts about how the company’s ‘Stubs A-List’ subscription program would sit with customers.
The ‘Stubs A-List’, costing $24 per month, allows subscribers to see up to three movies per week, with no blackout dates. Subscribers can also see films in any format, including IMAX and Dolby Cinema. The company launched Stubs A-List program after its MoviePass’ program failed last year.
‘Avengers: Endgame’s' advance ticket sales helped restore faith in the company’s subscription policies that so far have been struggling since last year. Membership in AMC's Stubs membership saw its member count grow to 19 million from last year’s 12 million members.
In addition, AMC is also looking forward to the summer sales of movies like “Toy Story 4,” “The Lion King,” “Godzilla: King of Monsters,” “Aladdin,” “Spider-Man: Far From Home,” “Detective Pikachu” and “Hobbs and Shaw,” among others.
DIS's RSI Indicator sits in oversold zone for 4 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
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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 9.41B. 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 9%, and the average quarterly price growth was 9%. LDSN experienced the highest price growth at 380%, while NETWF experienced the biggest fall at -28%.
Volume
The average weekly volume growth across all stocks in the Movies/Entertainment Industry was -11%. For the same stocks of the Industry, the average monthly volume growth was -14% and the average quarterly volume growth was 58%
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: 61
Price Growth Rating: 56
SMR Rating: 82
Profit Risk Rating: 86
Seasonality Score: 0 (-100 ... +100)