As of May 25, 2023, moviegoers can once again enjoy the benefits of MoviePass, a subscription service for movie theaters that has relaunched with a new pricing model. The service now offers a range of subscription plans to cater to different viewing habits, with prices starting at $10 per month. However, unlike the previous version of MoviePass, which allowed subscribers to see one movie per day, the new plans offer a maximum of three movies per month for the basic plan. The top-tier plan costs $40 per month and allows for up to 30 theatrical screenings.
MoviePass subscribers can use the company’s app to reserve a spot at a participating theater, where they can even select their seats. The nationwide relaunch includes over 4,000 movie theaters across the country, including major chains such as AMC Theaters, Regal Cinemas, and Cinemark, as well as smaller regional theaters. So whether you’re a casual moviegoer or a cinephile, MoviePass has a plan that’s right for you.
AMC Stock Opens Slightly Up, But Projected Earnings Growth Raises Concerns
On May 25, 2023, AMC Stock opened at 4.93, slightly up from the previous close of 4.88. The volume was 9,588,504, lower than the average volume of the last three months, which was 17,085,780. The market cap of AMC was $2.6B. The earnings growth and revenue growth of AMC in the last year and this year were positive, but the projected earnings growth for the next five years is concerning. The company is currently operating at a loss, with a negative net profit margin. The stock prices of other companies in the movies/entertainment industry were also down on this day.
AMC Entertainment Holdings Incs Stock Performance Underwhelms, Consensus to Sell Stock Among Analysts
On May 25, Amc Entertainment Holdings Inc’s stock performance was underwhelming, with the median target price for the next 12 months being 1.83. The range of estimates from the six analysts who provided forecasts was wide, with a high estimate of 4.50 and a low estimate of 0.50. The median estimate represents a -61.17% decrease from the last price of 4.70.
The current consensus among eight polled investment analysts is to sell stock in AMC Entertainment Holdings Inc. This rating has held steady since March, when it was unchanged from a sell rating.
The current quarter earnings per share for AMC Entertainment Holdings Inc are -$0.05 with sales of $1.2B. The company is set to report its earnings on August 10, 2023.
The company’s performance has been affected by the COVID-19 pandemic, which has led to the closure of movie theaters and a decrease in moviegoers. AMC has been struggling to keep its business afloat, with the company recently announcing that it would be selling up to 43 million shares to raise capital.
Investors should keep a close eye on the company’s earnings reports and analyst forecasts to make informed decisions about whether to hold or sell their stock in AMC.
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