AirNet Technology Inc. (AMCN) Stock: Here’s Why It’s Declining

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AirNet Technology Inc. (AMCN) is making a move down in the market in today’s trading session. The stock, focused in the service sector, is currently priced at $1.53 after falling -6.71% so far in today’s session. As it relates to service companies, there are several aspects that have the ability to generate declines in the market. News is one of the most common reasons for movement. Here are the recent stories centered around AMCN:

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May-27-19 08:00AM AirNet Announces Results of 2019 Extraordinary General Meeting
May-17-19 08:00AM AirMedia Announces Adjournment of 2019 Extraordinary General Meeting
May-07-19 07:00AM AirMedia Has Regained Compliance with Nasdaq’s Minimum Bid Price Requirement
Apr-30-19 06:03PM AirMedia Files Its Annual Report on Form 20-F
Apr-17-19 08:00AM AirMedia Announces Notice of 2019 Extraordinary General Meeting

However, any time investors are making a decision with regard to investing, investors should focus on much more than news, this is especially the case in the ever complex service industry. Here’s what’s happening with AirNet Technology Inc..

What We’ve Seen From AMCN

While a decline in a single session, like what we’re seeing from AirNet Technology Inc. might make some investors unhappy, a single session fall by itself should not be the basis of a decision to, or not to, invest in a stock. It is generally smart to take a look at trends beyond a single trading day. When it comes to AMCN, here are the returns that investors have experienced:

  • Weekly – Over the past week, AMCN has generated a price change amounting to -9.47%.
  • Monthly – The performance from AirNet Technology Inc. throughout the past month has been -15.93%.
  • Quarterly – In the past 3 months, the stock has generated a return that works out to -32.00%
  • Bi-Annually – In the previous 6 months, investors have seen a performance that amounts to 23.84% from the company.
  • This Year So Far – Since the open of this year AMCN has produced a ROI of 21.91%.
  • Annually – Finally, over the past year, investors have seen performance amounting to -57.50% out of AMCN. Over this period of time, the stock has traded at a high price of -58.08% and a low of 70.00%.

Ratios That Are Notable

Looking at various ratios having to do with a company can give prospective investors a view of just how dangerous and/or potentially profitable a pick may be. Here are some of the most important ratios to look at when digging into AMCN.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it means that more investors have a belief that the value of the stock is headed for declines. Throughout the sector, strong service sector stocks tend to have a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the sector. Nonetheless, in regard to AirNet Technology Inc., the stock’s short ratio amounts to 4.27.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Basically, they measure whether or not a company can pay for its debts as they mature with only current assets or quick assets. do have strong quick and current ratios. As far as AMCN, the quick and current ratios add up to 1.00 and 1.00 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets that are owned by the company. as it relates to AirNet Technology Inc., that ratio works out to 50.38.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. In this case, the cash to share value ratio works out to 0.

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in AMCN, here’s what we’re seeing:

  • Institutions – Currently, institutions hold 1.90% of AirNet Technology Inc.. Nonetheless, it is important to mention that the ownership held by institutions has changed in the amount of -10.62% in the past quarter.
  • Insiders – as it relates to insiders, members of the management team and others close to AMCN currently own 10.00% of AirNet Technology Inc.. Their ownership of the company has changed by 0.00% over the past 3 months.

What Analysts Think About AirNet Technology Inc.

While it’s rarely a smart idea to unknowingly follow the opinions of analysts, it is a good idea to use their opinions in order to validate your own due diligence before making an investment decision in the service space. Below are the most recent moves that we’ve seen from analysts as it relates to AMCN.

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Jan-19-11 Reiterated Auriga U.S.A Buy $9 → $10
Oct-13-10 Reiterated Auriga U.S.A Buy $4.50 → $7
Aug-12-10 Upgrade Auriga U.S.A Hold → Buy $4.50
Apr-22-10 Initiated Auriga U.S.A Hold $6
Mar-03-10 Upgrade Global Hunter Securities Neutral → Buy $8 → $10

What We’ve Seen In Financial Results

What have ween seen from AMCN in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – At the moment, Wall St. analysts expect that the company will come up with earnings per diluted share that comes to 0, with 0 being announced in the earnings report for the current quarter. Although this information isn’t earnings driven, since we’re chatting about Wall Street analysts, AMCN is currently graded as a 0 considering a scale that ranges from 1 to 5 where 1 is the poorest Wall Street analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Over the past half decade, AirNet Technology Inc. has created a change in sales volume that adds up to -39.20%. Earnings per diluted share over the last 5 years have experienced a change of -36.40%.
  • Q/Q – when it comes to quarter over quarter data, or Q/Q data as it is often referred to as in today’s society, AirNet Technology Inc. has generated a change in earnings that amounts to 35.50%. AMCN has also experienced movement with regard to sales volume that amounts to 96.00%.

Interested In How Many Shares Are Available?

Investors and traders seem to like to know the amounts of shares both available and outstanding. In terms of AirNet Technology Inc., currently there are 11.96M with a float of 2.26M. These numbers mean that of the total of 11.96M shares of AMCN that are out there today, 2.26M are available to trade hands in the public space.

I also like to look at the short percentage of the float. Think about it, when a high percentage of the float available for trading is sold short, the overall opinion in the market is that the stock is going to lose value. In regard to AMCN, the percentage of the float that is sold short is 4.18%. In general, high short percent of the float would be considered to be anything over 40%. In my research, I’ve seen that any short ratio over 26% is usually a risky play.

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