Deep learning algorithm sets AMC stock price for 2023

AMC Entertainment's (NYSE: AMC) stock fell sharply on Thursday, December 22, after the company announced a new $110 million capital raise. The movie theatre company stated the move would reduce its debt load and proposed a reverse stock split, which will require shareholder approval. With dramatic moves in the market, traders and investors remain interested in the meme stock as it maintains its position as one of the most trending stocks in the market. AMC's price started 2022 at $27.20, so currently, the price decreased by -84% from the beginning of the year. Notably, Coin Price Forecast, which uses data science and machine self-learning technology for stocks and cryptocurrencies, predicts that the AMC price at the end of 2022 will be $4.99 with a 13% rise to year-end.