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AMC Entertainment Holdings Inc (NYSE:AMC) shares were little changed Friday morning, trading around $2.09, as investors weighed a steep month-long slide against upbeat third-quarter results.
What To Know: Earlier this month AMC reported third-quarter revenue of $1.3 billion, topping Wall Street expectations of $1.23 billion even as sales fell 3.6% from a year ago.
The company posted an adjusted loss of 21 cents per share and a wider net loss of $298 million, largely tied to non-cash charges from a July debt refinancing that management has called transformative. Adjusted EBITDA came in at $122 million.
CEO Adam Aron highlighted strong per-customer metrics, including record admissions revenue of $12.25 per patron and near-record food and beverage spending, helped by premium releases and a partnership with Taylor Swift that generated $50 million in box-office receipts.
Aron said AMC expects the fourth quarter to be its strongest in six years, supported by upcoming titles such as "Wicked" and "Avatar: Fire and Ash."
Price Action: The stock has dropped nearly 28% over the past month and now trades just above its 52-week low of $2.05, giving the company a market value near $1.1 billion and well below its $5.56 high.
Benzinga Edge Rankings: According to Benzinga Edge stock rankings, a key data point shows AMC holding a Growth score of 33.89, while its short-, medium- and long-term price trends all screen as negative.
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By now you're likely curious about how to participate in the market for AMC Entertainment – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of AMC Entertainment, which is trading at $2.07 as of publishing time, $100 would buy you 48.31 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
Image: Shutterstock
Posted In: AMC
