AMC Stock to Double if ONE of these Four Things Happens

AMC stock has plunged over the last week after its reverse split and conversion but could be coming to an inflection point. Wedbush Securities upgraded the stock and gave it a $19 price target, almost double where it is now and I believe it could go even higher.

We still see a mountain of short sellers in AMC, 32% of the float, but the fundamentals are looking very attractive. We could soon come to a point where the upside to shorting the stock isn't worth the risk and short sellers start to close up their positions. We also see upside catalysts in an end to the Hollywood strikes, a return of Reddit investors and positive direction boosting shares. The risk-reward is not too good to pass up on shares of AMC!

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
#amcstock #wallstreetbets #stockstobuy

[josephhogue]

😉Be sure to subscribe to the channel and ask your questions in the comments. I'll answer all subscriber questions in Tuesday and Thursday videos 3pm eastern!

[mrsterling]

💎🙌 grip on my AMC shares!!!
Grateful you brought AMC up on the channel!!!

[furionprime]

Bought 5400 shares 2 yrs ago at $8. Lost everything ..guess what...why would I sell now for massive loss? Answer is....not sellin' ;)

[ZenithBound]

Hey Joseph, AMC looking good now at $7.75

[petesson]

Before all the shenanigans took place I only needed my shares to reach $25 to break even. Now they have to reach $137 ea just to break even. Sure feels like we got robbed. It's a far cry from $137 a share

[MrJwyne]

Go AMC!! We’re rooting for your fundamentals.

[davidmartineziii]

AHHH!! One of my favorite channels is reviewing one of my favorite stocks! :-D I still have optimism as an ape. Been holding my shares since Jan 2020!

[captnhuffy]

Thanks man! Another great presentation.
Who said that they will pay off their debt with new stock offerings $ ??

[samsamss]

Does everyone have the same problem? average cost basis not showing on Robinhood.

[hotheadcandles]

Came across this channel via a link on the AMC Reddit sub. Terrific assessment of the stock, laid out in a smart and eloquent manner. Now a subscriber to Joseph’s channel. Lots of great content and insight on the market as a whole.

[Apeiron]

Last time I was this early I sold Microsoft as small cap.

[HarryGarcia]

Great post. Refreshing to get a sensible assessment of AMC. I am one on many with a little position in AMC. Never great to see a 80% drop but as a business its struggling so takeaway the "meme" label, be patient and hopefully money back even a small profit in times to come.

[LuigiFan]

What is the short interest and being on the threshold list for over 45 days say about this stock?

[michaeldube]

AMC down 20% on news of share dilution which u identified as a net good assuming new capital would reduce debt and reduce overall risk. Buy the dip as AMC would not issue new shares until the stock price recovers to $13-$15?

[sirnubenegra]

This is not the same as the price we had before the split! They did an illegal reversal

[marciaace]

Great video. I'm glad I found you breath of fresh air.

[AbigailAquino-kvdz]

THANKS JOSEPH. WERE STILL SCHEEL SHOCKED FROM THE TERRIBLE REV. SPLIT. IT SUCKS. PRAYING FOR A GAMMA SQUEEZE. KEEP UP YOUR GREAT VIDEOS.

[jolugarolg]

Thanks for the great video you the man

[DanielSanchez-fntf]

Do you see this stock as they say going to the moon?

[IRVisionPrints]

Makes no difference if it doubles, we got screwed by the ceo! Our average prices are now so shockingly high even if it had a MOAS we’d probably only just break even