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AMC Entertainment Holdings, Inc.
AMC Details
AMC Entertainment Holdings, Inc. (NYSE: AMC) is involved in the theatrical exhibition business. It has theatres in 12 countries, including the United States, Europe, and the Kingdom of Saudi Arabia. Box office admissions, theatre food and beverage sales are the primary sources of revenue for its theatrical exhibitions. AMC owned, operated, or had stakes in 951 theatres and 10,604 screens as of September 30, 2021.
Latest News:
9MFY21 Results:
Key Risks:
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
AMC Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
AMC's share price has fallen 59.95% in the past six months and is currently leaning towards the lower-band of the 52-week range of USD 1.910 to USD 72.62. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 31.22. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 29.03. The stock is trading at a decent technical level, indicating a short term upside in prices.
Considering the correction in the stock price in the past six months, market dominance in theatrical exhibition space, ongoing lawsuits, strong institutional shareholders, current valuation, and associated risks, we recommend a "Speculative Buy" rating on the stock at the current price of USD 24.28, down 1.54% as of December 16, 2021, at 12:08 PM ET.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
* Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.
Immersion Corporation
IMMR Details
Immersion Corporation (NASDAQ: IMMR) is a leading haptics and touch feedback technology developer. By providing mobile, automotive, gaming, and consumer electronics solutions, the company invents, accelerates, and scales haptic experiences. Mobile phones, wearables, consumer electronics, and gaming devices are the software's target applications. IMMR makes money in Asia, North America, and Europe through royalties, license payments, development contracts, and service fees.
9MFY21 Results:
Key Risks:
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
IMMR Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
IMMR's share price has fallen 44.81% in the past nine months and is currently leaning towards the lower-band of the 52-week range of USD 5.11 to USD 16.64. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 41.41. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 7.00.
Considering the significant correction in the stock price in the past nine months, healthy balance sheet, improvement in financials, current valuation, and associated risks, we recommend a "Speculative Buy" rating on the stock at the current price of USD 5.58, down 4.78% as of December 16, 2021, 12:31 PM ET.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
*Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.
Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.
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