jump straight to webull get realtime market data analysis tools and 0 commissions if you have even remotely been watching the stock market in the past year and a half you would have noticed amc entertainment nyse amc the company’s shares had a mammoth rally in may of this year after it became a socalled “meme stock” following numerous posts on the reddit wall street bets wsb forum since that rise in late may or early june where the stock reached an intraday high of 7262 it has given up under half of those gains but has remained relatively resilient trading well above the 12 area it broke out from as a result reddit traders and meme stock enthusiasts will be hoping to see another explosive move higher amc’s current market capitalization is at 195 billion and it could grow further focusing on market capitalization rather than the actual stock price is important especially for investors as you cannot value a company by share price alone the market cap reflects a company’s perceived value there have been various points made on both sides of the bull and bear case amc entertainment is the largest movie theater chain in the world but even prepandemic demand was beginning to fall due to the growth of netflix nasdaq nflx and other streaming services however demand spiked as economies and movie theaters have reopened with the company reporting a new postreopening attendance record in early october whether that demand will continue or fall off over the next few months is key but it does provide positives for amc at a time when it is trying to capitalize on its meme stock status for example amc now accepts cryptos such as bitcoin btc and dogecoin doge while it also recently hinted at a partnership with fellow meme stock gamestop nyse gme can these moves help in its recovery well that is questionable but it will need to find a way to drive demand once more in the face of a potential longterm fall looking at an amc competitor cinemark nyse cnk we can see it is valued a lot lower than amc with a market cap of 255 billion however it has only 523 theaters compared to amc’s 950 understandably given the skepticism surrounding the surge in amc’s stock price few analysts presented a bull case for the stock in recent months on august 19 1 analyst raised amc’s price target back however he is not exactly a bull following amc’s secondquarter results citigroup nyse c analyst jason bazinet raised the firm’s price target on amc to 5 from 370 however bazinet kept a sell rating on the shares believing that they remain overvalued at current levels bazinet has tons of experience working at citi for over 17 years according to stock analyst ranking website tipranks bazinet’s ratings have provided an average return of 45 since 2009 and he has a 64 success rate the only other previous upgrade found for amc stock was on june 4 by wedbush analyst michael pachter who raised the price target on amc shares to 750 from 650 keeping a neutral rating pachter said he was increasingly optimistic about the industry the postpandemic environment and signs of returning demand were encouraging for the upcoming summer and holiday periods pachter has been proved somewhat correct despite the price target being significantly lower than amc’s current share price the pentup demand has caused a surge in amc customers following the pandemic one other slightly positive note came from jpmorgan nyse jpm analyst alexia quadrani who said that movie executives now see 10 of the 44000 domestic screens closing permanently down from the original 15 estimated traders will find no shortage of bear cases and downgrades for amc shares the latest coming from macquarie otcmkts mqbky analyst chad beynon who is also its managing director he has been at the company for over 14 years and is an analyst for gaming lodging and theater stocks beynon downgraded amc from neutral to underperform on september 1 stating that he is concerned with the number of midtier release movies the analyst reduced his secondhalf 2022 and 2023 domestic box office estimates which impacted his revenue calculations elsewhere mkm partners analyst eric handler kept his sell rating and 1 price target on amc on august 24 while handler noted the company’s lower cash burn and improved liquidity were positives he said a slow box office recovery would likely make breakeven cash flow unlikely in 2021 screenshot taken from benzinga pro on 10082021 looking at the technicals for amc on the daily chart it is apparent that the relative strength index rsi is not in either bull or bear territory and hasn’t been since june it recently dipped below the key 5day moving average but has not seen any real momentum to the downside demonstrating that resilience mentioned earlier so based purely on price amc’s shares don’t give a strong signal for either direction at the moment fundamentally amc isn’t 1 of the best stocks to buy right now but it has seen improvements of late the reopening and strong entertainment demand have helped alongside its slower cash burn there is also the potential for the new james bond movie to be a box office hit after it smashed uk box office records grossing more on its opening weekend than any other james bond franchise film whether amc stock has enough positive factors to move higher is another question it certainly has a lot of headwinds to contend with if you want to buy amc shares you will need a broker finding the broker that suits your trading or investing needs can be challenging but luckily below you can view several of the best brokers to buy amc shares with how long will it take for amc stock to reach 50 of course this pricing guess is pure speculation amc’s stock price may never reach the 50 level again but it’s worth taking an educated guess what amc needs is another driver a real reason for retail investors to get behind the stock once more the initial momentum is over and the company is trying hard to get meme stock investors back on board after it floated a potential gamestop partnership and allowed customers to pay in cryptocurrency amc shares are lacking direction and momentum at the moment and analysts make a compelling bear case the original move was seen as wsb versus wall street which wsb clearly won nevertheless with 2 completely opposing views on the stock it is probably best to watch from the sidelines for now