AMC Networks Inc (NASDAQ:AMCX) shares traded -3.68% lower at $9.81 on Wall Street last session.
AMCX stock price is now -29.20% away from the 50-day moving average and -31.06% away from the 200-day moving average. The market capitalization of the company currently stands at $432.25M.
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On October 06, 2023, Seaport Research Partners recently initiated its ‘Buy’ rating on the stock quoting a target price of $16, while ‘Morgan Stanley’ rates the stock as ‘Underweight’
In other news, Kelleher Kimberly, Chief Commercial Officer sold 10,941 shares of the company’s stock on May 23 ’24. The stock was sold for $188,404 at an average price of $17.22. Upon completion of the transaction, the Chief Commercial Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 21 ’24, EVP & Chief Financial Officer O’Connell Patrick sold 6,459 shares of the business’s stock. A total of $105,387 was realized by selling the stock at an average price of $16.32. A total of 29.07% of the company’s stock is owned by insiders.
During the past 12 months, AMC Networks Inc has had a low of $9.87 and a high of $20.97. As of last week, the company has a debt-to-equity ratio of 2.28, a current ratio of 1.85, and a quick ratio of 1.84. The fifty day moving average price for AMCX is $13.834 and a two-hundred day moving average price translates $14.2278 for the stock.
The latest earnings results from AMC Networks Inc (NASDAQ: AMCX) was released for 2024-03-31. The net profit margin was 6.09% and return on equity was 15.75% for AMCX. The company reported revenue of $596.46 million for the quarter, compared to $717.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.86 percent.
