|Bid||0.1040 x 1800|
|Ask||0.1046 x 300|
|Day's range||0.1000 - 0.1160|
|52-week range||0.1000 - 38.8600|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||9.67|
The company transforming the way people watch movies may not be around long enough to reap its own benefits. MoviePass majority shareholder Helios and Matheson Analytics Inc. (HMNY) was on top of the world last October, its share price shooting up to $32.90 from $2.50 in less than a month. The company had just amassed a large stake in the MoviePass service, which, under the Helios umbrella, was rapidly adding new members and winning praise from investors who saw the service as the next big thing in film viewing.
Shares of MoviePass parent company Helios and Matheson Analytics Inc. (HMNY) dropped more than 9% in after-hours trade Tuesday after the company announced it had initiated a public offering to sell shares of its common stock, as well as warrants to purchase shares of its common stock. This comes after the company filed a shelf registration statement with the Securities and Exchange Commission on July 2 to raise $1.2 billion over three years. Helios and Matheson's statement didn't provide exact details about the planned sale, including when it would be completed.
Helios and Matheson Analytics Inc. (Nasdaq: HMNY) (“HMNY”), a provider of information technology services and solutions and the 92% owner of MoviePass Inc. (“MoviePass”), the nation’s premier movie-theater subscription service, today announced that it has commenced a best-efforts underwritten public offering, subject to market and other conditions, to issue and sell shares of its common stock and warrants to purchase shares of its common stock. The shares of common stock and warrants to purchase shares of common stock are being offered as units.
Helios and Matheson Analytics is showing a lot of the desperate signs that Sirius XM did nine years ago, but this isn't likely to have a happy ending.
The company had just amassed a large stake in the MoviePass service, which, under the Helios umbrella, was rapidly adding new members and winning praise from investors who saw the service as the next big thing in film viewing. Helios & Matheson was a sleepy data analytics company when it acquired MoviePass, a service with just 20,000 subscribers at the time. After slashing the MoviePass monthly fee to $9.95 from up to $50 a month, its subscriber base ballooned, crossing the 3 million mark in June.
Ryan McQueeney and Ben Rains take on this week's biggest stories, including MoviePass' struggle to survive, the return of PC giant Dell to public markets, Tesla's historic-yet-disappointing milestone, and Micron's legal battle in China.
Movie subscription service MoviePass launched "peak pricing" on Thursday. In an email to subscribers, the company said that peak pricing will go into effect when there is a high demand for a movie or a showtime. You can avoid the surcharge by selecting a different showtime or movie," MoviePass wrote in its email.
Shares of Helios and Matheson Analytics (HMNY), the majority owner of MoviePass, plummeted nearly 30% on Monday on news that it filed a shelf offering to stay above water.
Helios and Matheson Analytics Inc. (Nasdaq: HMNY) (“HMNY”) announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (the “SEC”). Under the shelf registration statement, once the SEC declares it effective, HMNY may offer and sell, from time to time, up to $1.2 billion of a variety of its equity and debt securities over a period of three years. Under the shelf registration statement, HMNY will have the flexibility to publicly offer and sell from time to time common stock, preferred stock, debt securities, warrants, subscription rights, units or any combination of such securities.
Analysts are upbeat on AMC Entertainment Holdings Inc. after the company’s Wednesday announcement that it would be launching a movie subscription service, its response to MoviePass. Benchmark raised its rating for AMC (AMC) to buy from hold, and set an initial price target of $20. The new subscription service “somewhat offsets our concerns over secular pressure on attendance trends,” wrote Benchmark analyst Mike Hickey, adding that he thinks the new subscription service will drive up theater attendance and earnings.
Shares of Helios & Matheson Analytics Inc. (hmny) are down 2.4% in premarket trading after the company, which is the majority owner of MoviePass, said it has entered into an agreement to issue $164 million in convertible notes. HMNY will also issue 20,500 shares of preferred stock. The proceeds will go toward "general corporate purposes," the company said in a release.
Helios and Matheson Analytics Inc. (HMNY) (“HMNY”), a provider of information technology services and solutions and the 92% owner of MoviePass Inc. (“MoviePass”), the nation’s premier movie-theater subscription service, today announced that it has entered into a securities purchase agreement with institutional investors for HMNY to issue convertible notes in the aggregate principal amount of $164 million (the “Notes”) and 20,500 shares of preferred stock (the “Preferred Stock”). The net proceeds from the issuance of the Notes and the Preferred Stock will be used for general corporate purposes.
AMC Entertainment Holding Inc. (amc) said Wednesday that it would be offering its own movie-theater subscription service to compete with MoviePass. The Stubs A-List service will cost $19.95 a month and give subscribers the ability to see up to three movies a week. MoviePass charges $9.95 a month and lets users see one new movie per day.