AMC Entertainment Holdings Inc (AMC)

[WALL STREET KID]

🔥🩳🔥 #AMC facts for 2024.
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Here are some of the facts:

🍿According to the CoinCodex algorithm, AMC's stock price could surge by **500%** by 2024, reaching around **$61 per share.

🍿AMC's revenue is expected to recover to **near pre-pandemic levels** in 2024, with an average forecast of **$4.67 billion.

🍿AMC'S has resolved the issue of its preferred shares conversion, which reduced its debt by **$865 million** in 2023 and improved its balance sheet.

🍿 AMC is set for share gains in the fourth quarter of 2023 and 2024, thanks to its distribution of popular concert films such as "Taylor Swift: The Eras Tour" and "Renaissance: A Film by Beyoncé" .

🍿 AMC is well-positioned to upgrade its European circuit with theater enhancements that would boost per-screen averages and drive revenue growth.

🍿AMC is expected to return to positive EBITDA (earnings before interest, taxes, depreciation, and amortization) through the balance of 2024 and expand margins in 2025 over 2023 .

🍿AMC has the largest domestic footprint of IMAX screens, which could benefit from the strong performance of the latest "Dune" movie in March 2024 .

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