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Here’s What Wall Street Analysts Are Thinking About AMC as We Head Into 2022 -Breaking

by Mike Robinson

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© Reuters. Here’s What Wall Street Analysts Are Thinking About AMC as We Head Into 2022

AMC Entertainment (NYSE 🙂 had a rollercoaster ride in 2021. Overall, shares are still up more than 900% from the company’s opening print of $2.20 to start the year. But, shares are now down more than 70% since June’s high of $72. These are the views of Wall Street analysts about the stock.AMC EntertainmentAMC)In 2021, the company has experienced a wild ride. Overall, shares are still up more than 900% from the company’s opening print of $2.20 to start the year. They are however down 70% from the $72 peak in June, when they peaked at $72.

Since the beginning of the month, selling intensified. The stock fell nearly 50% in that period. As the Fed continues to struggle with inflation, the Fed’s short-term rates rise. Markets expect a taper or rate increase acceleration. This has caused weakness in ‘meme stocks’ across the board as froth gets squeezed out of the market.

Despite the volatility in the stock price, there’s been little change in terms of analysts’ forecasts for earnings and revenue in 2022. AMC is expected to lose $0.71 per stock in 2022. This would be the same as the loss of $2.72 per shares this year. Both figures haven’t changed much over the past 6 months.

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