To determine how much is AMC stock, investors need to know the company’s earnings per share (EPS) and P/E ratio. This information is often available online, and can be used to determine the current share price. Generally, companies release their financial statements on a quarterly basis. To calculate the P/E ratio, simply divide the current stock price by the company’s EPS.
You can purchase AMC stock for $10 or more, depending on your level of expertise. Some brokers allow fractional share purchases, which is especially useful for beginners. You’ll need a brokerage account to purchase AMC stock, but there are many different platforms to choose from. Once you find a broker, you can use a step-by-step guide to buy or sell shares of AMC stock.
AMC’s history dates back to 1919. The company was acquired by the Wanda Group in 2012. In 2013, AMC stock began trading on the NYSE at $18 per share. The initial IPO raised $330 million. By April 2020, the stock price had dropped to $2. This drop was primarily caused by the COVID-19 pandemic, which forced many entertainment venues to close down.
The last time the stock was at this low was at the start of the global pandemic. At the time, AMC was estimated to be $5 billion in debt. However, the company announced plans to raise $47 million to avoid bankruptcy. Hedge funds jumped on the opportunity to increase their leverage in short bets. The stock eventually hit an all-time low of $2, which quickly became a meme.
AMC is an entertainment company that owns movie theaters in various cities around the world. It generates most of its revenue from ticket sales, food and beverage sales, and memberships. However, the company is also making efforts to increase its screen count and diversify its income streams. AMC stock has an attractive upside potential for investors.
AMC is currently down 75% year to date. Despite this, the company’s management has continued issuing new guidance for the company. The stock has a 0.15 correlation to the broad-based SPY ETF. However, investors should be cautious when investing in AMC stock. The company is a hot topic of conversation among investors.
The company is engaged in the theatrical exhibition business through subsidiaries. The company owns theaters in the United States and Europe. The company is headquartered in Leawood, Kansas. Its subsidiaries operate theaters across the United States and in the Middle East. Its theaters are in more than forty states.