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AMC Entertainment Holdings, IncAMC Entertainment Holdings, IncAMC Entertainment Holdings, Inc

AMC Entertainment Holdings, Inc

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AMC trade ideas

#AMC Falling wedge on the WeekLooking for a breakout in the next 3 weeks- we have dropped down to the original 3 dolla and 50 cent price from the original run to the 8.01 #Maxpain- gang! /Holla Mondays have been red all year and tues i hope will be green but fed Powell gives a little chit-chat and the market will do what it is programmed to do. We may dip further below the wedge line just to fill any gaps (crosses fingers) Weekly view is a long big projection any thing can happen out there. Share the wealth! Happy New Year! #retailrulez
NYSE:AMCLong
by SpikeDumont
$AMC Forecast 2023: Will $AMC Rebound?Despite being considered to be the world’s largest theater chain, AMC Entertainment Holdings, Inc. (NYSE: AMC) finds itself trading in penny stock territory as it continues working to navigate through the pandemic’s impacts on the industry. While the stock has caught investors’ attention in 2021 thanks to its massive short squeeze, AMC stock has been dropping to new 52-week lows over the past week. This drop comes at a time where many investors are bullish on AMC stock forecast in the future since the company has been actively working to reduce its mounting long-term debt. One of these efforts is AMC’s launch of APE stock as a way to help raise capital to pay off some of its debt. Although APE stock appears to have been a major help to the company’s efforts, AMC’s plan to convert APE units into AMC shares has sent the stock plummeting nearly 30% since the announcement. Despite this, AMC stock forecast appears to be bright if this proposal is approved as it could allow the company to raise capital more efficiently. While the company is yet to share a date for its shareholders meeting, many investors are watching closely for more news as AMC stock could be set to rebound if the company’s plan proves to be successful. AMC Fundamentals Movie Industry Rebounding While the movie industry has been looking to climb back from its pandemic losses in 2022, the industry has failed to recapture its previous success due to several reasons. One reason is the meteoric rise of streaming services that significantly impacted movie theaters as many people prefer watching movies at the comfort of their homes. Additionally, the decline in theatrical releases has impacted movie theaters’ ability to generate revenues. As the movie theater is witnessing these negative conditions, the industry generated $7.3 billion in domestic ticket sales – representing a 30% decline from its 2019 levels. Based on this, AMC stock plunged more than 75% YTD as the industry looks to weather this storm – leading many investors to ask the question “will AMC stock rebound in 2023?”. To answer this question, investors should note that AMC stock is mainly dependent on movie releases in 2023 for a rebound from its lows. Although 2022 witnessed successful releases like Top Gun Maverick, Jurassic World Dominion, and Avatar: The Way of Water which all broke the $1 billion mark in global ticket sales, these releases were not able to get the industry back to pre-pandemic numbers. This is mainly due to the low number of movie releases in 2022 compared to 2019. Meanwhile, 2023 is expected to witness more releases on a more consistent basis which could inch the movie theater industry closer to pre-pandemic numbers. With this in mind, analysts believe that the mid-range movies – performing in the $50 to $150 million range could be pivotal to the industry’s rebound than blockbusters`. Since consistent releases of this movie range could allow movie theaters to receive a boost to their revenues in 2023, AMC stock forecast appears to be bright for 2023 and beyond. Looking to capitalize on this increase in movie releases, AMC acquired a 13-screen former Arclight Cinemas theater located in Boston. This theater was opened in December 2019 and closed three months later due to Covid. Since this theater is considered to remain brand new, AMC could be poised to reopen this theater soon – adding more revenues to the company. With this in mind, AMC expects to open this theater in Spring 2023 which could set the company to realize additional revenues thanks to the expected influx of movie releases in 2023. APE Stock & Reducing Debt Despite the company’s efforts to return to pre-pandemic profitability, AMC stock has been affected by the company’s mounting debt situation which has led the company to dilute its shares significantly to raise capital. With the company looking to reduce this dilution, AMC launched its own AMC Preferred Equity (NYSE: APE) to strengthen its balance sheet and pay down its debt. At the same time, APE stock was expected to allow AMC to pursue investment opportunities similar to investment in Hycroft Mining Holding Corporation (NASDAQ: HYMC). In this way, AMC would be able to survive in the near-term as it works to move on from the pandemic’s impacts. By utilizing APE stock, AMC was able to raise $162.4 million through the sale of 125.9 million APE shares in an at-the-market offering. This allowed AMC to repurchase $30.7 million principal amount of its 10% second lien debt due 2026 at a 60% discount and $5.2 million principal amount of its 6.125% Senior Subordinated Notes due 2027 at a 70% discount. In this way, AMC was able to reduce the principal amounts of its debt by $180 million in 2022. As a result, AMC stock forecast appears to be bright for 2023 as it could further reduce its mounting debt with expectation that the movie theater industry could further grow in 2023. In addition to the capital raised from APE’s ATM offering, AMC announced it will raise $110 million through the sale of APE stock to Antara Capital, LP. According to this deal, Antara will also exchange $100 million principal amount of second lien notes due 2026 in exchange for 91 million APE shares – reducing AMC’s debt by a further $100 million as well as interest expenses by $10 million. For this reason, many investors are increasingly bullish on AMC stock forecast for 2023. Since the sale of these shares is set to take place in two tranches, the first tranche includes the immediate purchase of 60 million APE shares under its ATM offering. Meanwhile, the second tranche includes the purchase of 106.6 million shares of APE in addition to the $100 million share exchange which is subject to the completion of the waiting period under Hart-Scott-Rodino of nearly 30 days. Once this deal is finalized, AMC stock forecast could be the brightest it has ever been since the pandemic as the company appears to be on the right track to provide long-term value to its shareholders. Although APE stock has been achieving its intended purpose, AMC intends to hold a special meeting for AMC stock and APE stock shareholders to vote on the conversion of APE shares into AMC shares. This conversion also includes increasing AMC’s authorized shares to accommodate for this conversion while effecting a 1-to-10 reverse split. AMC believes this conversion could be better for the company’s future prospects since APE stock has been trading at a major discount compared to AMC stock. By eliminating APE stock’s discount, AMC could be better positioned to raise capital in the future at a lower dilution risk than the current APE stock price. In light of this, many investors are anticipating an announcement regarding the meeting’s date to vote in favor of the company’s proposals as it could set the company for financial growth in the future. For this reason, AMC stock forecast appears to be bullish for 2023 as the stock has the potential to rebound off of its recent lows. AMC Financials Looking into AMC’s Q3 report, the company reported a YOY increase in revenues to $968.4 million compared to $763.2 million which could be attributed to the growth in moviegoers in 2022 thanks to the easing of Covid restrictions. However, these increased operations led AMC’s operating costs to increase from $908.4 million a year ago to $1 billion in Q3. In this way, AMC reported a net loss of $226.9 million – taking its total net loss YTD to $685.9 million which is a significant improvement from $1.1 billion over the same period in 2021. Considering that more movie releases are expected for 2023, AMC could be well-positioned to report better financials this year. As for its balance sheet, AMC’s assets declined from $10.8 billion at the beginning of 2022 to $9.2 billion in Q3. This decline is mainly due to the company’s cash balance decreasing from $1.5 billion to $684.6 million. Meanwhile, AMC has been able to reduce its liabilities as it reported $11.7 billion compared to $12.6 billion at the beginning of 2022. With this in mind, the company was able to achieve this by reducing its debt from $5.4 billion to $5.1 billion while also reducing its lease liabilities to $4.2 billion from $4.6 billion. Given that the company was able to further reduce its debt in Q4, investors are anticipating a positive annual report which could send AMC stock on a major run. Technical Analysis AMC stock price is currently at $4.07 and the stock has a support near its 52-week low near 3.85. Meanwhile, the stock shows resistances near 4.2, 4.89, and 5.58. Over the past month, AMC dropped nearly 55% to new 52-week lows. However, many investors view AMC’s current dip as an opportunity to accumulate shares thanks to the company’s long-term prospects as it works to recover from the pandemic’s impact and resolve its debt situation. With the stock trading near 52-week lows, AMC has the potential to rebound soon thanks to the company’s upcoming special meeting to vote on combining AMC and APE shares. Considering the bullish sentiment surrounding the company’s proposals, AMC could be set to climb past its resistance if it witnesses high trading volume. With this in mind, AMC stock chart shows 2 gaps that have to fill near $4.35 and $5.24 which could be filled if the company releases more positive updates regarding its debt reductions. Despite this, AMC could continue trading at its current price level in the meantime which could be an opportunity for investors to add more shares at the current PPS. Although accumulation is on a steep downward trend, it appears to be poised to rebound as the current AMC stock price could be attractive for investors bullish on the company’s long-term prospects. Meanwhile, the MACD is bullish which could be a reflection for the bullish sentiment surrounding the stock. The RSI picked up from 39 to 46 which could indicate a run for AMC in the near future. AMC has an OS of 516.4 million and a float of 515.5 million. AMC Forecast With the company working to improve its debt situation, AMC stock forecast in 2023 appears to be bright. Although the company was able to reduce its debt by nearly $280 million in 2022, investors are increasingly bullish AMC could further reduce its debt as the movie industry continues to recover from the pandemic’s impacts. On that note, the movie industry appears to be on the right track to reach its pre-pandemic levels as it reached $7.3 billion in domestic ticket sales in 2022. While movie releases in 2022 were much lower than 2019, the industry was able to reach these revenues thanks to the successful releases of Top Gun Maverick, Jurassic World Dominion, and Avatar: The Way of Water. Given that more releases are expected for 2023, many investors are bullish AMC stock could be on track to rebound in 2023. Meanwhile, investors are watching closely for updates regarding the special meeting to vote on combining AMC and APE shares. Considering the steep discount APE stock is trading at compared to AMC stock, this move could allow the company to raise capital more efficiently in the future – reducing the impacts of such dilution on shareholders. As many investors are bullish on the company’s proposals, AMC stock could be set to rebound in 2023 as it continues to reduce its debt. Despite this, AMC stock could continue trading near its lows as APE stock could be a more rewarding investment in case the proposals pass the vote as it could receive a major boost in its PPS.
NYSE:AMC
by Penny_Stocks_Today
AMC Gears Up for New 2023 All Time HighThe drop on AMC has reached the expected levels however, it surely took a detour from the expected itinerary which left me questioning the play all together. Reassessing the structure of the drop and now finding a bit of clarity, I feel confident to say that my previous prediction was on point for the most part and I now expect AMC to reach for new all-time highs late in 2023. Will possibly share updates within the comments of this post.
NYSE:AMCLong
by DigitalSurfTrading
5
Meme Basket Found - AMC CHPT COIN DT F FIVN GME GRAB HOOD LUMNTo add a good approximation of what the current meme basket looks like just copy this and add it as a new symbol. AMC+CHPT+COIN+DT+F+FIVN+GME+GRAB+HOOD+LUMN This is the current basket and someone's sold $166 mil worth of spreads ranging between $0.4 up to $6.3 in spread on this basket on the 7'th of Dec and 15'th of Nov. There's around 78 transactions worth $2m each done in quick succession on those dates. Here's the stocks that are part of this basket: AMC CHPT COIN DT F FIVN GME GRAB HOOD LUMN This isn't that good because HOOD is part of the basket and so is AMC (which we all kinda knew). But because HOOD is part of this basket and FTX's was hoarding HOOD shares that may be sold off in the market (hopefully will be sold in a block trade auction instead), if those HOOD shares are sold at market value, they'll tank the whole basket. Regardless, even if sold algorithmically, those HOOD shares are going to have a decently big effect on the basket (Price go down). This is a weird basket with lots of mixed sectors... All i can say is that there's a falling wedge which indicates that something may start occuring in Feb just in time on Feb 21 for the quarterly meme run. Hopefully the whole market doesn't decide to correct again on that date like it has the past few cycles specifically on that EXACT day out of coincidence... Found this swap in the DTCC- SEC swap depository online as this is something i've been tracking for a bit over a year now. Since a month ago SWAPS are reported with a lot more and useful information and the full meme basket name is now visible basically.
NYSE:AMCLong
by leenixusu
6
Billions of shares sold short, market manipulation, and CitadelOver the past few months, the AMC/APE craze has been underway, with plenty of retail investors spamming various social networks and prompting others to buy the company’s shares. As per the information in tweets, memes, and messages, this retail investors’ uprising aimed to bring down hedge funds, with the central target being Citadel. There were numerous instances during this time when people claimed the price of shares would burst into multiples if all investors stuck together and continued buying collectively, not allowing hedge funds to buy shares and close their short position (leading to their downfall). In fact, during this period, we encountered numerous statements about billions of shares being sold short. Meanwhile, only about 513 million shares were outstanding for AMC and 519 million for APE in the third quarter of 2022. At the same time, the short interest on AMC shares amounted to approximately 20%, with 101 million shares being sold short; and only 33.5 million shares of APE being sold short. These figures obviously deviate too far from what the retail narrative promotes. Furthermore, many people promoting this narrative and encouraging others to buy shares do not seem to realize what they are doing might be potentially criminal and classified as market manipulation. Furthermore, a lot of information concerning the whole craze is entirely wrong. Many people seem confused about “wrapped-AMC token” with over 8 000 000 000 000 000 in supply being related to the AMC company. However, anyone can create a token and name it “AMC token,” regardless of whether it is associated with the company. As for Citadel, we have failed to find any disclosure of their short position on AMC/APE during the respected period. In our series of tweets last month, we warned that the regulator has most likely learned a lesson from 2021 and would step in and halt trading if buying activity picked up significantly. Shortly after that, that is what occurred when the regulator poured cold water on the rally with a temporary halt to trading. Year to date, shares of AMC are down approximately 70%, which is far away from what was promised by those shouting “buy and hold.” Therefore, this whole situation should serve as a reminder of being cautious about what you see and listen to. Always do your due diligence. Illustration 1.01 In the 2021 meme stock hysteria, shares of AMC jumped up as high as 44.61$. Please feel free to express your ideas and thoughts in the comment section. Additionally, if you have more information on this topic, feel welcome to share it with us. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NYSE:AMC
by Tradersweekly
33
AMC ready to fade. Too Much Big Short Money to OvercomeI like the theory of beating the Hedge Funds and their over capitalized naked shorts but the reality of the markets is that they exist to hurt us (the poor and middle class). I'm expecting a fake breakout sometime between now and Christmas, this will pull in a final round of suckers. then going into the new year, this will print a definitive new lower low on a ton of volume. The AMC Movie Theatre business fundamentals don't matter at all, this is a meme asset that is narrative and emotion driven only
NYSE:AMC
by noam_chom
24