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The selling has intensified over the last month as the stock is down nearly 50% over that timeframe. The main catalyst is rising short-term rates as the Fed pivots to grappling inflation with the market expecting an acceleration in the taper and rate hike timetable. 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. Currently, the consensus seems to be that AMC will lose $0.71 per share in 2022 which would follow a loss of $2.72 per share this year. Both figures haven’t changed much over the past 6 months.
