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AMC has become one of the top meme stocks as Reddit traders forecast a large turnaround for the company. The retail investors expect a short squeeze and consumers heading back to movie theaters. While the company is recovering, its revenue is still considerably lower than its 2017 through 2019 numbers.
While its current cash balance of $1.6 billion is much higher than its short-term debt of only $29 million, it is considerably lower than its massive long-term debt of $10.3 billion. Sales have lost an average of 34.7% per year over the last three years.
