AMC

Based on the provided data, here is a comprehensive analysis of AMC stock.

Technical Analysis The technical picture is decidedly negative. AMC is in a strong downtrend, having lost nearly half its value in three months and trading just above its 52-week low. The deeply oversold conditions and severe underperformance versus the market reflect persistent and significant selling pressure with no clear technical signs of a reversal.

Fundamental Analysis Fundamentally, AMC is in a precarious position. The company is grappling with declining revenue, deepening losses, and a severely strained balance sheet. Low liquidity ratios and minimal interest coverage highlight acute challenges in meeting short-term obligations and servicing its substantial debt, posing a serious threat to financial stability despite some efficient working capital management.

Valuation & Risk Assessment Valuation metrics are distorted by unprofitability and negative book value, signaling financial distress rather than a clear opportunity. While beta suggests moderate volatility, the massive 58% maximum drawdown reveals a high risk of severe price erosion. The meme stock legacy adds an unpredictable layer of event-driven risk, where sentiment shifts can cause extreme volatility independent of fundamentals.

Investment Recommendation

AMC is not worth buying at this time. The stock is caught in a powerful downtrend with weak fundamentals, including significant losses, high debt, and liquidity concerns. While the price is low, the underlying financial distress and high downside risk outweigh any potential for a speculative rebound. Investors should await clear signs of a sustainable operational turnaround and improved financial health before considering a position.

RockFlow 模型预测：2026年三种情景

Based on a comprehensive analysis, the 12-month outlook for AMC is highly speculative and fraught with risk. Here is the outlook:

Key Catalysts: A potential catalyst would be a significant, unexpected improvement in box office performance driving sustained revenue growth, which could improve the perilous balance sheet. The primary near-term hope rests on a successful execution of its reverse stock split to regain compliance with NYSE listing requirements and reduce volatility, potentially attracting a different investor base.

Potential Risks: The risks are substantial and include persistent cash burn, an unsustainable debt load, and the possibility of dilution or restructuring. Failure to regain NYSE listing compliance or a worsening of macroeconomic pressures on consumer discretionary spending could lead to further severe price declines. The stock's "meme" status also remains a source of extreme, sentiment-driven volatility.

Target Price Range: While the single analyst target price sits at $3.21, this appears optimistic against the current bearish backdrop. A more realistic 12-month range would be highly volatile, with a potential upside capped around $2.50-$3.00 on speculative surges, but significant downside risk remains if fundamental weaknesses persist.

华尔街共识

大多数华尔街分析师对AMC未来12个月的走势持乐观态度，主流目标价集中在$0.00左右，表明普遍预期公司仍有上涨空间。

综合来看，AMC具备一定的投资价值，但也面临多重挑战。以下是投资该股票前需要权衡的主要因素。

AMC has demonstrated substantially negative performance across all measured timeframes, significantly underperforming the broader market.

Over the short term, AMC has experienced severe declines of 23.64% over one month and 43.24% over three months. Its relative strength of -47.64% indicates it has dramatically underperformed the market benchmark during this period.

Currently trading at $1.68, the stock is hovering just above its 52-week low of $1.63, representing the extreme lower end of its yearly range and reflecting deeply oversold conditions. This proximity to the yearly low underscores the persistent and substantial selling pressure.

AMC's revenue declined sequentially from $1.4 billion to $1.3 billion in Q3 2025, while profitability deteriorated significantly from near-break-even to a -23% net margin. The company reported a substantial net loss of $298 million, driven by heavy interest expenses and other income charges that overwhelmed its modest operating income. This indicates ongoing challenges in translating revenue into sustainable profitability.

Financially, AMC exhibits concerning liquidity with current and quick ratios below 0.4, suggesting potential difficulty meeting short-term obligations. The company carries substantial debt, evidenced by negative cash flow to debt ratios and minimal interest coverage of just 0.26 times. These metrics point to strained cash flow generation relative to debt servicing requirements.

Operationally, AMC shows mixed efficiency with a negative return on assets (-3.7%) but a positive return on equity (16.8%), reflecting significant financial leverage. The company maintains excellent receivables turnover but very low fixed asset utilization at 0.28x, indicating underutilized theater assets. The negative cash conversion cycle suggests favorable working capital management through extended payment terms with suppliers.

Valuation Level: AMC's negative P/E and P/B ratios indicate the company is currently unprofitable and carrying negative book value, making traditional valuation metrics unreliable. The moderately low P/S ratio of 0.18 suggests the market is valuing the company at a fraction of its revenue, while the EV/EBITDA of 23.3 reflects substantial enterprise value relative to operating earnings. These metrics collectively point to a distressed financial position rather than a clearly overvalued or undervalued state.

Peer Comparison: Without specific industry averages for comparison, a definitive peer analysis cannot be established. However, AMC's negative profitability metrics and low P/S ratio likely deviate significantly from healthier entertainment or hospitality industry peers. The elevated EV/EBITDA ratio suggests the market is pricing in future recovery prospects that may not align with conventional industry valuation patterns.

AMC exhibits moderate volatility risk, with a beta of 0.76 indicating it is slightly less volatile than the broader market. However, this relative stability is overshadowed by a substantial one-year maximum drawdown of -58.72%, revealing a high susceptibility to severe downside moves. This drawdown demonstrates significant price erosion risk during unfavorable market conditions despite the stock's subdued beta.

The stock faces moderate structural risks, with a relatively low short interest of 2.82%, which suggests limited immediate pressure from coordinated short-selling. However, given AMC's history as a meme stock, sudden shifts in retail sentiment could still lead to liquidity gaps and high volatility, presenting event-driven risks not fully captured by conventional metrics.