2 small-cap stocks to turn $100 into $1000 by the end of 2024
AMCAMC(US:AMC) Finbold·2024-07-27 17:47

Core Viewpoint - Small-cap stocks are currently outperforming large-cap stocks, with notable examples being AMC Entertainment and Coursera, which present significant growth opportunities for investors [1]. Group 1: AMC Entertainment - AMC Entertainment has shown a remarkable 52% increase in stock price over the past three months, currently trading around $5.18 per share, driven by a resurgence in moviegoers and major blockbuster releases [2]. - The company is diversifying its revenue streams by hosting live events, gaming, and corporate gatherings, aiming to stabilize and grow income beyond traditional movie ticket sales [5]. - AMC reported quarterly sales of $88.96 million, a 9% decline year-over-year but exceeding analyst expectations of $76.01 million, with earnings per share (EPS) of $0.18, surpassing the estimated $0.07 [6]. Group 2: Coursera - Coursera is expanding its global presence through strategic partnerships with top universities and companies, enhancing its course offerings and appeal to a global audience seeking flexible education [7]. - The company reported adjusted profits of $0.09 per share and sales of $170.3 million for Q2 2024, exceeding analyst projections of $0.01 per share and $164.4 million in sales, with an 11% year-over-year sales growth [8]. - Coursera's stock was trading at $10 with a 44% gain over 24 hours, reflecting strong market performance [8].