AMC Stock Forecast And Price Prediction

AMC stock forecast has dropped this week from an average price of $10.45 to $10.09; the minimum price target is now $1, while the highest is $35.10. The seven Wall Street analysts making the 12 months forecast are bearish on AMC stock, which is currently trading below the average stock forecast price. The analysts reverted AMC stock forecast to late April’s numbers after increasing their price target in early May. On April 11, Wedbush had downgraded AMC from neutral to underperform, and on September 1, Macquarie downgraded the stock from neutral to underperform.

AMC has been in a negative trend during the last weeks. The stock price has gone below its 50-day moving average, and according to analysts, it has reached the oversold territory. As a result, the stock is most likely heading down, with crucial support around $13.05. Still, according to analysts, $12.18 could be the starting level for a bullish trend.

Investors are bearish on AMC, and its forecast is not looking promising

For the first time since March 21st, the stock has fallen below $15.50. It’s down more than 54% from where it was on March 29th at its peak. That is an 80 percent decline from its maximum price in 2021 when the company had a market capitalization of around $8.4 billion.

AMC (NYSE:AMC) has benefited from the Covid-19 outbreak by purchasing undervalued properties. A total of seven new Connecticut and New York outlets have been opened by the firm in the last month. 

There is optimism from the company’s CEO that more sites will continue to be added over the next several months. These purchases are being funded in part by the funds obtained last year. But regardless of these purchases, AMC’s stock price has plummeted in recent months as investors remain concerned about the industry’s revival. Above everything, analysts are worried about the entire debt that the corporation owes. 

The total cash on hand of the company is about $1.59 billion, yet it has approximately $10.75 billion in debt. It owes around $1.59 billion in total. As interest rates climb, the business may have difficulty repaying the loans.

Other top meme stocks, such as AMC, have seen similar gains in recent months. Taking GameStop as an example, the company’s stock price has decreased by more than 16% during the last 30 days. Clover Health’s stock price has fallen by 23% during the same period. Similarly. Over the last several months, ContextLogic’s stock (WIS) fell by 26%, and Blackberry’s (BB) fell by 22%.

Hence, debt reduction and profits are significant factors that analysts will look closely to revise the AMC stock forecast. 

AMC tries to improve its stock forecast by acquiring theaters

The corporation recently purchased seven more theaters in Connecticut, New York, and Maryland. In addition, it plans to install laser projectors into 3,500 auditoriums over the next four years, which indicates that the firm is growing.

To commemorate the occasion, Aron, who is not renowned for his humility, engaged in some justified bragging: “As we continue on our route to recovery, we become a better and stronger business due to our theater acquisition strategy.” Especially noteworthy is our acquisition of these facilities in Connecticut, where we are more than tripling our footprint.

A few big-ticket movies will be released this year, such as Top Gun: Maverick and Thor: Love & Thunder. So that could be good news for AMC stock in the short term.

However, analysts believe that AMC will face stiff competition from streaming services in the long term. These companies offer investors a higher return on their investment. AMC reported a loss of $134.4 million on sales of $1.17 billion during the fourth quarter. Analysts predict AMC will post a loss on first-quarter earnings, due on May 5th.

According to a “no-official” AMC stock forecast, sales might increase by 388%

A “no-official” AMC stock forecast reports that sales might increase by 388% to $724.47 million in the next two years. If AMC meets this forecasted growth, earnings could increase. Because of this potential growth, investors closely watch AMC earning results and stock forecasts. The forecast is strongly influenced by AMC’s recent purchase of 22% of Hycroft Mining Holding Corporation (NASDAQ:HYMC), a gold and silver mining company based in Nevada.

The forecast reports that if gold and silver prices rise this year, Hycroft’s stake could generate a good profit. By the end of 2022, gold’s current price of roughly $1,800 per ounce might rise to nearly $2,100 per ounce. Although silver prices might increase to $40 if specific criteria are satisfied, they now stand at about $20.

Many traders are still adjusting to AMC’s new strategy. Well-informed shareholders will need to monitor the movie theater business and the precious metals market.

Aron made an unexpected comment about the purchase of Hycroft.” It also has good assets but has faced severe and urgent liquidity difficulty. As a result, its share price has fallen. We are sure that our cooperation will significantly affect your ability to overcome your problems.”