How Much is $1000 in AMC Stock Worth 1 Year Later?

AMC was once a stellar growth stock, but it’s taken a serious hit. So how much is $1,000 worth a year later?

| More on:
movies, theatre, popcorn

Image source: Getty Images

AMC Entertainment Holdings (NYSE:AMC) was the focus, or perhaps the victim, of retail investors just over a year ago. Growth stocks were fired up in general, but there were a few companies in particular that attracted the attention of meme traders. And one of those was AMC.

So, let’s look at what happened to AMC stock just over a year ago, and how much a $1,000 investment is worth just one year later.

Growing, growing, gone

AMC stock received attention from meme investors for a few reasons. Pandemic restrictions were lifting, and meme traders realized the company would likely see an influx of patrons coming back to movie theatres. This was especially true around June 2021, right before the release of summer movies.

There was also news that AMC stock would start accepting cryptocurrency which further attracted the attention of meme investors. Attention that quickly got out of hand.

AMC stock soared 417% in just a few weeks between May and June 2021. While shares then fell back, they quickly came back up in a yo-yo of high share price trading. Unfortunately, it didn’t last.

By the end of the summer, shares of AMC stock were already starting to slump. And it’s only gotten worse in the last few months.

What happened

The market in general is what happened, combined with a loss of attention from meme traders. These traders soon shifted their attention to other companies, causing AMC stock to face a reality check.

By the end of summer, shares had lost over half their value. While there were a few moments of increased activity, overall investors were moving away from growth stocks. And that’s continued to this day.

As of this writing, shares of AMC stock are down 80.21% from those June 2021 highs. In the last year alone, it’s lost 70% of its value. So, if you had invested $1,000 in AMC stock back in September 2021, today it would be worth an insanely low $189.50.

What now

What should investors who are interested in AMC stock do now? Wait. After all, it’s not that AMC is a bad company. Unfortunately, it was the victim of meme traders who fed the stock until it exploded, leaving AMC to pick up the pieces.

So, what about today’s share price? You no longer get access to a dividend, so that’s something to consider. The US$3.88 billion company has over US$10 billion in debt. Still, in its latest quarter, revenue increased to about US$1.16 billion from US$444 million the year before. AMC also brought down its losses from US$344 million to US$121.6 million. So, there are signs of life.

Even so, in this volatile market, shares of AMC stock may only get worse before they get better. It’s likely to be some time before the company will receive encouragement from meme traders, or others for that matter.

Shares of AMC stock were down 5.44% as of this writing.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

More on Coronavirus

Aircraft wing plane

1 TSX Stock Down 60% That Could Bounce Back Stronger

Air Canada (TSX:AC) stock got severely beaten down in the March 2020 COVID crash. Here's why it's probably not going…

Read more »

A bull and bear face off.
Stocks for Beginners

Down 30% in 3 Months, Is AC Stock a Buy Today?

Air Canada stock (TSX:AC) climbed this year and is still up 10% in the last year, but down 30% in…

Read more »

Airport and plane
Stocks for Beginners

This Bargain Stock Is the Cheapest It’s Been in Years

This top stock still trades below $25 per share, despite much positive movement. A strong opportunity could be in the…

Read more »

Hands holding trophy cup on sky background
Stocks for Beginners

Here’s Why Shopify Stock Can Be a Long-term Winner

Shopify stock (TSX:SHOP) is still lightyears away from where it was at all-time highs, but those prices could be reached…

Read more »

Coworkers standing near a wall
Stocks for Beginners

Everyone Is Talking About This Stock: Is It a Good Long-term Option?

NFI stock (TSX:NFI) reported record earnings this week, with a huge backlog and production ramp up. So why did shares…

Read more »

stock market
Tech Stocks

A Bull Market Could Be Here: 3 Reasons to Buy WELL Stock

WELL stock (TSX:WELL) may have crashed since the lifting of pandemic restrictions, but after 18 record quarters, it's time to…

Read more »

Airport and plane
Stocks for Beginners

Afraid You Missed Your Chance With This High-Flying Stock? Think Again

Bombardier stock (TSX:BBD.B) continues to experience major demand for its business jets, which is why now is the time to…

Read more »


Stocks With Stamina: 3 Plays That Stayed Healthy Even During COVID

COVID was a good litmus test to differentiate resilient stocks from the rest. These stocks might be viable options, even…

Read more »