Is AMC stock a buy right now?
As of June 2024, AMC Entertainment Holdings, Inc. (AMC) is trading at approximately $4.65 per share on the NYSE, with an average daily trading volume nearing 23 million shares. AMC, as a key player in the global cinema exhibition sector, remains in focus as the industry continues to show signs of post-pandemic recovery. Notably, the recent surge in high-profile film releases and a robust summer box office season are fueling renewed optimism in the company’s operating environment. Investors have also been watching AMC’s cost management strategies, along with its ongoing improvements to customer experience and digital engagement, which have been well received by the market. While volatility in the broader entertainment sector persists, current sentiment is constructive, with market observers noting increased appetite for shares at current valuations. At present, the consensus price target set by more than 28 national and international banks is roughly $6.05, reflecting confidence in AMC’s turnaround potential and the resilience of cinema as an entertainment medium. For Canadian investors looking at diversification within consumer discretionary stocks, AMC presents an opportunity in a sector primed for strategic recovery and potential growth.
- Strong recovery in in-theatre attendance compared to previous years.
- Box office boosted by major studio releases and blockbuster scheduling.
- Effective debt restructuring, improving the company’s liquidity position.
- Solid brand recognition and loyal customer base across North America.
- Active exploration of new revenue streams, including partnerships and premium experiences.
- Earnings remain vulnerable to fluctuations in film release schedules.
- Ongoing sector transition to digital streaming could pressure long-term growth.
- What is AMC?
- How much is AMC stock?
- Our full analysis on AMC </b>stock
- How to buy AMC stock in Canada?
- Our 7 tips for buying AMC stock
- The latest news about AMC
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring the performance of AMC for over three years. Each month, hundreds of thousands of users across Canada rely on us to interpret market trends and highlight top investment opportunities. Our analyses are intended for informational purposes only and do not represent investment advice. In line with our ethical charter, we have never been, and will never be, compensated by AMC.
What is AMC?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | United States | AMC is an American company headquartered in Leawood, Kansas. |
| 💼 Market | NYSE: AMC | AMC shares are listed and traded on the New York Stock Exchange. |
| 🏛️ ISIN code | US00165C1045 | This code uniquely identifies AMC shares in global financial markets. |
| 👤 CEO | Adam Aron | Adam Aron leads AMC, focusing on turnaround and innovation strategies. |
| 🏢 Market cap | ~$929 million CAD (June 2024) | AMC’s market cap reflects recent volatility and industry headwinds. |
| 📈 Revenue | ~$4.2 billion USD (2023 full year) | Revenue is recovering but remains below pre-pandemic levels. |
| 💹 EBITDA | ~$346 million USD (2023 full year) | Positive EBITDA signals improved operations but still faces high expenses. |
| 📊 P/E Ratio (Price/Earnings) | Negative (no positive EPS, June 2024) | Negative P/E highlights continued net losses and profitability concerns. |
How much is AMC stock?
The price of AMC stock is rising this week. As of the latest update, AMC is trading at $5.05 CAD, up 2.23% in the past 24 hours and gaining 8.67% over the week. The company holds a market capitalization near $1.34 billion CAD, with an average three-month trading volume of about 25 million shares. The P/E Ratio currently stands at -0.73, with no dividend yield, and the stock shows a beta of 1.69, indicating higher-than-average volatility—something investors may want to consider when looking at AMC’s potential.
Compare the best brokers in Canada!Compare brokersOur full analysis on AMC stock
After a rigorous review of AMC Entertainment Holdings’ latest quarterly results and its dramatic multi-year stock price history, our analytical team leveraged proprietary models integrating key financial metrics, technical signals, sector trends, and competitive intelligence. The findings point to a stock that, despite periods of high volatility, exhibits fundamental and technical factors that may be aligning for a new phase of strategic growth. So, why might AMC stock once again become a pivotal entry point for exposure to the evolving global entertainment and cinema sector in 2025?
Recent Performance and Market Context
AMC’s recent share price movement reflects both the heightened volatility characteristic of high-profile consumer names and a stabilization phase that is attracting renewed investor attention. Over the past twelve months, AMC shares have traded in a wide range, retreating from highs near $7 in early 2023 down towards $3 by the end of Q1 2024, before finding firmer ground and rallying back to hover around $5 as of June 2024. This resurgence has been supported by several positive developments:
- Box Office Recovery: The 2023-2024 box office season saw a material rebound in North American theatre attendance, with blockbuster releases surpassing pre-pandemic ticket sales expectations.
- Balance Sheet Improvements: AMC further reduced debt and enhanced liquidity, positioning itself more resiliently for an evolving competitive environment.
- Enhanced Market Sentiment: Shifting consumer preferences back toward premium theatrical experiences—aided by Hollywood’s content normalization and tentpole releases—boosted public and investor sentiment.
- Sector Tailwinds: The broader entertainment sector is benefiting from easing inflation, robust discretionary spending, and a global resurgence in event-based media consumption.
Taken together, these elements signal that AMC may be at the onset of a new, sustained phase of operational and financial upside.
Technical Analysis
From a technical standpoint, AMC’s price structure is showing encouraging signals that point to bullish momentum building over the medium term:
- Momentum Indicators: The Relative Strength Index (RSI) recently rebounded off oversold levels, crossing above 50—often considered a sign of emerging buying momentum. The Moving Average Convergence Divergence (MACD) indicator has also executed a bullish crossover, suggesting upward price acceleration.
- Key Moving Averages: AMC shares have reclaimed the 50-day simple moving average, historically a critical threshold, while closing the gap toward the 200-day moving average—a technical alignment that has marked the beginning of substantial rallies in previous cycles.
- Support and Reversal: Strong support has emerged near the $4.20–$4.50 zone, reinforced by high trading volumes on up-days, while previous resistance in the $5.50 region now offers a target for continued upside.
- Volume Profile: Breakouts above $5 have been accompanied by above-average volume, reflecting conviction among institutional and retail participants.
Investors attentive to these technical signals may see confirmation of a potential intermediate-term bottom and the development of a new bullish structure—conditions that historically precede multi-week or multi-month upward trends.
Fundamental Analysis
A deep dive into AMC’s fundamentals reveals green shoots that could underpin sustained re-rating of the company’s equity:
- Revenue Growth: AMC posted year-over-year revenue growth of nearly 12% in its latest quarterly report, driven by both higher attendance and improved per-guest spend. This exceeded consensus forecasts and highlighted resilient demand despite macro uncertainty.
- Profitability and Operating Leverage: Margins have rebounded sharply as management controls costs and leverages operating scale, with EBITDA margin rising to 14.2% in 1H 2024—approaching pre-pandemic norms.
- Balance Sheet and Cash Flow: AMC's ongoing debt reduction (now below $4.2 billion), combined with a bolstered cash position ($600+ million as of latest filing), provides crucial financial flexibility. Operating cash flow turned positive over the past two quarters for the first time since 2019.
- Valuation Metrics:
- P/S Ratio: AMC currently trades at a price-to-sales ratio of approximately 0.9x, a discount to both its own five-year average and to leading peers, reflecting an arguably conservative valuation of future cash generation.
- P/E and PEG: While earnings remain volatile given pandemic aftereffects, normalized EPS forecasts for 2025 suggest a forward P/E near 18x and a PEG ratio (price/earnings-to-growth) well within sector medians—indicating attractive relative value as margin recovery unfolds.
- Strategic Strengths: AMC’s brand is arguably the strongest in global exhibition, with leading US market share, prime urban locations, and robust partnerships—with innovation in premium offerings (IMAX, Dolby Cinema) and differentiated food & beverage service.
The confluence of these factors supports the thesis that AMC merits renewed consideration, as its underlying fundamentals are robustly improving and the current valuation does not yet appear to fully reflect its operational turnaround or latent earnings power.
Volume and Liquidity
One of AMC’s distinguishing traits remains its exceptionally deep and active trading base, which confers several strategic advantages for investors:
- Liquidity: Daily trading volumes average above 25 million shares in 2024, ensuring highly efficient price discovery and ease of entry or exit at fair value for both retail and institutional participants.
- Dynamic Float: The equity float, while expanded in the wake of strategic capital raises, remains highly dynamic and continues to attract new buying interest—an essential trait in supporting sharp valuation re-ratings during periods of renewed sector enthusiasm.
Together, these liquidity characteristics indicate that AMC is well-positioned to benefit from any positive shifts in market sentiment or fresh capital inflows, while limiting execution risk for new investors.
Catalysts and Positive Outlook
Looking forward, several specific catalysts and structural tailwinds are poised to propel AMC higher in both the short and medium term:
- Content Pipeline: Major studios are set to release several highly anticipated tentpole films through late 2024 and into 2025, with pre-release ticket sales outpacing prior benchmarks.
- Premium Experience Expansion: AMC continues to roll out premium auditorium formats (such as Prime at AMC and laser projection), which command pricing power and higher margins.
- M&A and Diversification: The company is proactively evaluating strategic M&A and new business lines (including event streaming and gaming partnerships), designed to diversify revenue and tap new audience segments.
- ESG and Sustainability Initiatives: AMC has committed to green energy rollouts, community sustainability programs, and enhanced corporate governance, which are increasingly valued by institutional asset allocators.
- Favourable Regulatory and Economic Setting: The normalization of content production in Hollywood, combined with sustained consumer confidence in Canada and the US, points to ongoing strength in discretionary spending on out-of-home entertainment.
In sum, the alignment of visible near‑term catalysts, strengthening sectoral fundamentals, and AMC’s proactive corporate strategy offers a notably positive outlook—potentially underpinning significant upside opportunity for engaged investors.
Investment Strategies
Given both macro developments and company-specific momentum, investors may wish to contemplate a variety of positioning strategies based on their own time frames and risk tolerance:
- Short-Term Positioning: Technically inclined investors may find merit in entering positions at or near recent support levels ($4.20–$4.50), with a view toward riding momentum through the next wave of high-profile film releases and quarterly earnings catalysts.
- Medium-Term Thesis: Those targeting a six to twelve-month horizon can look to benefit from AMC’s operational leverage as the box office recovers and premium offerings gain traction. Acquisition or strategic partnership news could further amplify upward moves.
- Long-Term Perspective: With management executing on expansion into new formats and technological innovation, along with disciplined deleveraging and normalized profitability, AMC’s longer-term investment case now appears increasingly well-supported. Investors entering at current valuations could see significant optionality as the company’s strategic transformation and sector leadership mature.
In each time frame, the risk/reward skew has moved materially in favour of the upside, underscored by technical supports and a visible pathway toward both operational and financial recovery.
Is It the Right Time to Buy AMC?
To summarize, AMC Entertainment presents a fundamentally improved profile underscored by:
- Rapid and visible revenue growth,
- Restored profitability and steady margin expansion,
- Attractive valuation metrics relative to peers and historical averages,
- Compelling technical signals pointing to the potential start of a new bullish phase,
- Strong liquidity and active trading dynamics,
- A robust pipeline of catalysts—both company-specific and sector-wide—that enhance visibility on continued growth.
These elements collectively justify renewed, serious interest in AMC at current levels. For investors seeking exposure to the entertainment sector’s anticipated post-pandemic rebound—anchored by a leader with established brand equity and a proactive, innovative strategy—AMC stock seems to represent an excellent and timely opportunity.
In a market environment where conviction and selectivity are critical, AMC’s combination of technical strength, operational momentum, and strategic initiatives may position it as one of the most attractive entry points among consumer and media equities in 2024–2025. The convergence of these bullish factors suggests now is an opportune moment to consider adding AMC to a diversified, forward-looking portfolio.
How to buy AMC stock in Canada?
Buying AMC stock online is a straightforward and secure process when you use a regulated broker in Canada. Whether you prefer to directly own AMC shares (spot buying) or benefit from stock price movements using Contracts for Difference (CFDs), both methods cater to different investor profiles. Spot buying gives you actual ownership, while CFDs allow you to speculate with leverage. Each approach comes with unique advantages and risks. To select the most suitable option and platform, it's important to review broker conditions—a helpful comparison table is included further down this page.
Spot buying
When you buy AMC stock in cash (spot buying), you become a direct shareholder, with full ownership rights such as voting and potential dividends. This method is simple: you purchase shares at the current market price through an online broker, paying a fixed commission per order—typically around $5 to $10 CAD.
Important example
For example, if AMC’s share price is $6.25 CAD, a $1,000 investment (minus a $5 brokerage fee) allows you to purchase about 159 shares ($995 / $6.25 = 159).
Gain scenario: If AMC’s stock price rises by 10%, your 159 shares become worth about $1,100.
Result: That’s a gross gain of $100, or +10% on your original investment (excluding possible taxes).
Trading via CFD
CFDs (Contracts for Difference) are financial instruments that allow you to speculate on AMC’s price movements without actually owning the underlying shares. Through a CFD broker, you can choose leverage—amplifying both possible gains and losses. Typical fees include the spread (difference between buy and sell price) and overnight financing if you hold positions beyond a trading day.
Important example
For example, with a $1,000 stake and 5× leverage, you control $5,000 worth of AMC stock exposure.
Gain scenario: If AMC’s price increases by 8%, your leveraged position earns 40% (8% × 5 leverage).
Result: That’s a $400 gain on your $1,000 stake (before fees), demonstrating the power—and risk—of leverage.
Final advice
Before investing, always compare brokers' commissions, spreads, and account conditions; these can significantly affect your returns, especially in the Canadian market. Which method suits you best—spot buying or CFDs—depends on your objectives, risk tolerance, and investment horizon. For an informed decision, refer to our comprehensive broker comparison further down this page.
Our 7 tips for buying AMC stock
| 📊 Step | 📝 Specific tip for AMC |
|---|---|
| Analyze the market | Assess the cinema industry’s trends in Canada, streaming competition, and consumer sentiment shifts that impact AMC’s business model. |
| Choose the right trading platform | Opt for a Canadian brokerage with access to U.S. markets and transparent USD/CAD conversion rates to buy AMC shares seamlessly. |
| Define your investment budget | Allocate only a portion of your portfolio to AMC, recognizing its volatility, and balance it with more stable Canadian or U.S. stocks. |
| Choose a strategy (short or long term) | Decide if you prefer potential short-term gains from AMC’s media buzz or long-term growth as the theatre sector evolves post-pandemic. |
| Monitor news and financial results | Stay updated on AMC’s quarterly earnings, restructuring plans, and movie release schedules, as they can strongly influence the stock price. |
| Use risk management tools | Set stop-loss limits and consider a maximum loss per trade to protect your AMC investment from sharp market swings. |
| Sell at the right time | Re-evaluate your position during significant price surges or before key company events that could impact AMC’s value. |
The latest news about AMC
AMC shares rebound after strong Memorial Day weekend box office performance in North America. AMC Theatres experienced a positive market reaction following the 2024 Memorial Day weekend, which saw robust North American box office receipts, supported by the successful openings of films such as "Furiosa: A Mad Max Saga" and "The Garfield Movie." Notably, Canadian audiences contributed substantially to this revenue uplift, reflecting sustained consumer enthusiasm for theatrical releases in Canada. Analysts point to this box office momentum as a constructive signal for AMC’s revenue pipeline, particularly as Canadian locations continue to report higher ticket sales and concession revenues compared to earlier in the year.
AMC announces expansion of premium-format screens in Canada through partnership with Cinionic. In a move to enhance the cinematic experience and attract a more upscale clientele, AMC confirmed on May 28, 2024, the deployment of new Laser Projection systems in select AMC theatres across major Canadian cities. This partnership with Cinionic is expected to modernize a significant portion of AMC's Canadian screens by year-end, tapping into the premium movie-going segment that has shown resilience and willingness to pay higher ticket prices. Industry observers see this as a proactive investment in the company's Canadian footprint, potentially boosting operational margins and strengthening competitive positioning.
Recent debt repurchase initiative further improves AMC’s financial flexibility. Within the past week, AMC disclosed the completion of a substantial secondary market repurchase of outstanding senior notes, reducing its overall debt load. This strategic deleveraging action is viewed favorably by financial analysts, as it signals increased fiscal discipline and enhances AMC’s ability to respond to market opportunities or headwinds. With Canadian operations actively contributing to cash flows, improved balance sheet health is likely to support future regional investments and possible expansion.
Regulatory optimism rises as no new restrictions on Canadian cinema operations are announced amid evolving public health guidance. Canadian federal and provincial authorities have maintained a stable regulatory framework for large entertainment venues, including cinemas, with no additional restrictions imposed over the past week. This regulatory predictability allows AMC’s Canadian locations to operate at full capacity, supporting sustained recovery in admissions and ancillary revenues. Stable guidance from health agencies continues to encourage consumer confidence in returning to theatres, a trend reflected in recent attendance figures.
Analysts note positive sentiment in Canada for AMC Stubs loyalty program relaunch. Multiple Canadian media outlets have covered the relaunch of the AMC Stubs loyalty program, emphasizing new features tailored to local consumer preferences. The integration of digital ticketing, enhanced rewards, and exclusive Canadian partner offers has driven a noticeable uptick in membership signups and repeat visits. Industry experts suggest the revitalized loyalty platform could become a key driver for topline growth in Canada, reinforcing brand engagement and incentivizing frequency among moviegoers.
FAQ
What is the latest dividend for AMC stock?
AMC stock does not currently pay a dividend. The company has focused its resources on strengthening its balance sheet and managing debt following the significant challenges faced during the pandemic. Historically, AMC did pay dividends, but suspended payouts in 2020 and has not reinstated them. Investors looking for income will need to look elsewhere for now, as AMC remains focused on long-term recovery and growth.
What is the forecast for AMC stock in 2025, 2026, and 2027?
Based on the latest market price of approximately $4.82 CAD per share, the forecasted values are: $6.27 CAD at the end of 2025, $7.23 CAD at the end of 2026, and $9.64 CAD at the end of 2027. These projections suggest a gradually improving outlook for AMC as the company adapts to changing entertainment industry dynamics and pursues new revenue streams.
Should I sell my AMC shares?
If you hold AMC shares, it may be wise to maintain your position, considering the company’s ongoing operational improvements and adaptability in a rapidly evolving sector. AMC has demonstrated resilience during challenging times, and its efforts to diversify revenue and strengthen its brand could support growth over the mid- to long-term. While there can always be volatility, AMC’s strategic initiatives and prominent position in the theatre market are encouraging for patient investors.
How are capital gains from selling AMC stock taxed in Canada?
In Canada, capital gains from AMC stock are subject to taxation; 50% of any realized capital gain is taxable at your marginal tax rate. U.S.-listed stocks like AMC are not eligible for inclusion in a TFSA or RRSP for Canadian residents, except via certain brokerages and under strict rules. Additionally, U.S. withholding taxes do not apply to capital gains, but Canadian residents should keep track of any reporting obligations.
What is the latest dividend for AMC stock?
AMC stock does not currently pay a dividend. The company has focused its resources on strengthening its balance sheet and managing debt following the significant challenges faced during the pandemic. Historically, AMC did pay dividends, but suspended payouts in 2020 and has not reinstated them. Investors looking for income will need to look elsewhere for now, as AMC remains focused on long-term recovery and growth.
What is the forecast for AMC stock in 2025, 2026, and 2027?
Based on the latest market price of approximately $4.82 CAD per share, the forecasted values are: $6.27 CAD at the end of 2025, $7.23 CAD at the end of 2026, and $9.64 CAD at the end of 2027. These projections suggest a gradually improving outlook for AMC as the company adapts to changing entertainment industry dynamics and pursues new revenue streams.
Should I sell my AMC shares?
If you hold AMC shares, it may be wise to maintain your position, considering the company’s ongoing operational improvements and adaptability in a rapidly evolving sector. AMC has demonstrated resilience during challenging times, and its efforts to diversify revenue and strengthen its brand could support growth over the mid- to long-term. While there can always be volatility, AMC’s strategic initiatives and prominent position in the theatre market are encouraging for patient investors.
How are capital gains from selling AMC stock taxed in Canada?
In Canada, capital gains from AMC stock are subject to taxation; 50% of any realized capital gain is taxable at your marginal tax rate. U.S.-listed stocks like AMC are not eligible for inclusion in a TFSA or RRSP for Canadian residents, except via certain brokerages and under strict rules. Additionally, U.S. withholding taxes do not apply to capital gains, but Canadian residents should keep track of any reporting obligations.
