0.120 0.00 (1.69%)
Pre-Market: 6:37AM EDT
|Bid||0.120 x 3000|
|Ask||0.130 x 1300|
|Day's Range||0.100 - 0.125|
|52 Week Range||0.100 - 38.860|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.67|
CEO Ted Farnsworth told TheStreet last week that MoviePass will go from burning cash to making $600 million by the end of the year, but it looks investors aren't so sure. Shares of the MoviePass parent jumped 1.25% in morning trading following their drop to a new all-time low of $0.10 in morning trading. Shares have been on a downward slide since October, as the company burns $21.7 million every month to support the movie subscription service it acquired in August, according to SEC filings.
MoviePass has been a hot topic on Wall Street both for its business model and finances. The company's CEO thinks he can save the company.
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.
The moviegoing subscriber provider — which is owned by publicly-traded Helios and Matheson Analytics (NASDAQ:HMNY) — is hoping to invite more people back to movie theaters at a time when online streaming services are dominating and less people are actually getting out of the house and visiting a cinema. MoviePass CEO Mitch Lowe said that starting on Labor Day, on September 3rd, the app will offer a feature that will allow its subscribers to add IMAX and 3D movies for an additional $2 to $5 a month.
When MoviePass, the subscription service that offers users the ability seeing one movie per day in theaters, announced in August of 2017 that they would be dropping their price from $45 a month to just $9.95 per month, it sent shockwaves through the entertainment industry, with interest in the company spiking considerably. This card is connected to your account, which you maintain with a smartphone app.
Contrary to popular belief, the man behind MoviePass says the service isn't going anywhere. Shares of MoviePass parent company Helios and Matheson Analytics Inc. plummeted 7.93% Wednesday, trading at an all-time low of $0.
InvestorPlace’s Laura Hoy recently discussed why Helios and Matheson Analytics (NASDAQ:HMNY), the 81.2% majority owner of MoviePass, is about to go to zero. HMNY stock has suffered catastrophically over the last year. “Sure, there’s a chance that things can work out for MoviePass and HMNY, but that chance is getting extremely slim.
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.
MoviePass may be here to stay after all. The data analytics company has previously diluted its shares to raise capital, increasing its share count 3,429% since August. "H&M made all of these shares available to keep the company afloat from a financial perspective," Jim Fosina, CEO of subscription marketing firm Fosina Marketing Group said.
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.
BOCA RATON, Fla. , July 9, 2018 /PRNewswire/ -- Greenwald Davidson Radbil PLLC announced today that it has initiated an investigation into whether certain statements by Helios and Matheson Analytics Inc. ...
Gains were broad based as all sectors finished the trading session in green. WallStEquities.com has initiated research reports on the following Information Technology Services stocks: Gartner Inc. (NYSE: IT), Helios and Matheson Analytics Inc. (NASDAQ: HMNY), International Business Machines Corp. (NYSE: IBM), and Leidos Holdings Inc. (NYSE: LDOS).
What's worse than pulling up the Uber app to catch a ride home after a long weekend night only to be met with the surge pricing warning? The same goes for the likes of MoviePass, the Helios and Matheson Analytics Inc. The company is fresh off implementing a surge pricing model, which sent the internet into a tizzy.
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.
The peak times surcharges for MoviePass will have the company charging customers more depending on when they see a film. MoviePass notes that the surcharges for watching a movie during peak times can range from $2 to $6. Subscribers to MoviePass can tell which films will include the surcharge by looking for a red lightning bolt above them.
NEW YORK, NY / ACCESSWIRE / July 6, 2018 / Helios and Matheson Analytics saw a drop in Thursday trading after announcing that MoviePass will be rolling out peak pricing for users. The company, which owns a majority of movie subscription service MoviePass, saw losses after MoviePass launched "peak pricing." According to the email that was sent to subscribers, the peak pricing will be in effect when there is a high demand for a movie or a show time.
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.
The surcharge, which starts at $2 and varies based on what users want to see and when, will go into effect when there’s a high demand for a title or showtime.
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.
The July 4 holiday is almost here. In some ways, that's better than the weekend. But before we can even look toward the holiday, we need to go over what happened on Monday, July 2. Tesla If you don't live under a rock, then you know that Tesla Inc.