AMC Networks Inc (NASDAQ: AMCX) has reported a loss for its second fiscal quarter (ending June 30) of $-0.66 versus $1.60 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.31 versus $-0.17 for the same period a year ago.
Recent Price Action
AMC Networks Inc (NASDAQ: AMCX) stock suffered a large decline of -5.4% on 8/9/24. The stock closed at $9.74. However, unusually low trading volume at 54% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -6.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, AMCX is expected to continue to be a major Value Builder.
AMC Networks has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. AMC Networks has a very high Appreciation Score of 94 but a very low Power Rating of 1, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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