AMCX Stock Summary and Trading Ideas (Amc Networks - Class A | NASDAQ:AMCX)

AMC Networks owns several linear pay-TV networks, including AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, its most widely distributed network, reached nearly 65 million pay-TV households in the US at the end of 2023. The firm also had nearly 11.5 million US streaming subscribers, with AMC+ as the flagship streaming platform. With both its linear networks and streaming offerings, the firm caters to specific niche audiences. Over the last 15 years, AMC has shifted its focus to original scripted programming from classic movies. It creates content through AMC Studios and also generates revenue from licensing content. Following an international divestiture at the end of 2023, domestic operations make up nearly 90% of total revenue.

Amc Networks - Class A trades on the NASDAQ stock market under the symbol AMCX.

As of April 15, 2024, AMCX stock price declined to $10.25 with 476,837 million shares trading.

AMCX has a beta of 1.95, meaning it tends to be more sensitive to market movements. AMCX has a correlation of 0.13 to the broad based SPY ETF.

AMCX has a market cap of $446.51 million. This is considered a Small Cap stock.

Last quarter Amc Networks - Class A reported $679 million in Revenue and $.72 earnings per share. This beat revenue expectation by $3 million and missed earnings estimates by -$.17.

In the last 3 years, AMCX stock traded as high as $72.80 and as low as $9.96.

The top ETF exchange traded funds that AMCX belongs to (by Net Assets): IJR, VTI, FNDA, VB, IWM.

AMCX has underperformed the market in the last year with a price return of -42.7% while the SPY ETF gained +23.9%. AMCX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -43.8% and -13.4%, respectively, while the SPY returned +6.2% and -3.4%, respectively.

AMCX support price is $10.18 and resistance is $10.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMCX stock will trade within this expected range on the day.