2 Meme Stocks That Beat Ethereum in 2021

NYSE: AMC | AMC Entertainment Holdings, Inc.  News, Ratings, and Charts

AMC – Investors’ interest and growing cryptocurrency uptake helped Ethereum surge 418% in 2021. However, meme stocks AMC Entertainment (AMC) and GameStop (GME) beat Ethereum’s returns, soaring more than 650% in price in 2021. So, let’s take a closer look at the two meme stocks that outperformed Ethereum in 2021.

Ethereum or Ether is the world’s second-largest virtual currency by market capitalization. It facilitates operations with the help of the Ethereum blockchain. Investors’ interest surrounding the cryptocurrency helped Ethereum soar 418% in 2021.

Meanwhile, the meme stock frenzy took the world by storm in 2021. The famous Reddit forum WallStreetBets’ (WSB) picks AMC Entertainment Holdings, Inc. (AMC) and GameStop Corp. (GME) witnessed a short squeeze as their prices skyrocketed. The rise in their prices perfectly fit the Redditors’ motto of “to the moon.”

The two meme stocks were the darlings of retail investors as they soared more than 650% in 2021, outperforming Ethereum. So, let’s look at these stocks.

AMC Entertainment Holdings, Inc. (AMC)

Theatrical exhibitor, AMC in Leawood, Kans., owns and operates theaters worldwide. As of Nov.9, 2021, the company operated 950 theaters  and 10,500 screens across the United States and internationally.

On Nov.4, 2021, AMC announced plans to sell its famous AMC Theaters Perfectly Popcorn through four new platforms. The company plans to sell its AMC Theaters  Perfectly Popcorn through kiosks, counters, and stores at select retail locations around the country, and deliver freshly made popcorn to the doorstep. This should help it grab a piece of the growing multi-billion-dollar popcorn market.

AMC’s non-GAAP total revenues for the third quarter, ended Sept.30, 2021, increased 532.3% year-over-year to $755.60 million. The company’s net loss came in at $224.20 million, versus $905.80 million in the year-ago period. Also, its adjusted loss per share was $0.44 compared to $5.70 in the prior year’s quarter.

Analysts expect AMC’s EPS and revenue for the quarter ending Dec. 31, 2021, to increase 96.1% and 565.3%, respectively, year-over-year to $0.24 and $1.08 billion. The stock gained 1,183% in price last year.

GameStop Corp. (GME)

GME provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. It sells new and used video game platforms and software, accessories, and in-game digital currency. GME is based in Grapevine, Tex.

On Nov. 4, 2021, GME announced that it had agreed with a syndicate of banks on a new $500 million global asset-based credit facility to improve its liquidity. This is likely to help the company in its efforts to transition from a brick-and-mortar retailer to e-commerce.

GME’s net sales for its fiscal third quarter, ended Oct. 30, 2021, increased 29% year-over-year to $1.29 billion. The company’s gross profit came in at $318.60 million, representing a 15.3% increase. Also, its merchandise inventories increased 32.5% year-over-year to $1.14 billion.

For its fiscal 2023, GME’s EPS is expected to increase 52.7% year-over-year to $0.80. Its revenues are expected to increase 17.3% year-over-year to $5.97 billion in fiscal 2022. The stock gained 687.6% in price in 2021.


AMC shares were trading at $22.74 per share on Tuesday morning, down $0.04 (-0.18%). Year-to-date, AMC has declined -16.40%, versus a -2.63% rise in the benchmark S&P 500 index during the same period.


About the Author: Dipanjan Banchur


Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master’s degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
AMCGet RatingGet RatingGet Rating
GMEGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


:  |  News, Ratings, and Charts

How to Beat the Market the Rest of the Year?

The easy gains that came at the start of this new bull market are fading away fast. In fact the stock market (SPY) has become quite volatile with 2022 starting off with a nasty correction. Gladly there are easy solutions as will be shared in this commentary to get you on the right path to outperform the market the rest of the year. Read the rest below...

:  |  News, Ratings, and Charts

3 Stocks that Are Thriving in an Inflationary Environment

Inflation is one of the biggest threats facing the economy. One profitable strategy during this period of high inflation is to focus on stocks that have pricing power, as these companies’ margins will continue to expand. In contrast, stocks without pricing power are likely to underperform as margin compression erodes EPS. Therefore, investors should consider buying these 3 stocks that are thriving in this inflationary environment: Olin (OLN), Nucor (NUE), and Chemours (CC).

:  |  News, Ratings, and Charts

Stock Market “Nausea Index” Going Off

The stock market (SPY) has seen fresh lows this week scaring many investors into selling their positions. On the other hand, 40 year investment veteran shares a proprietary market indicator that points to a significant bounce coming soon. Is he right? You be the judge by reading below.

:  |  News, Ratings, and Charts

4 Best Value Stocks to Buy in January

In times of high inflation, value stocks tend to outperform growth stocks and have done so over the past year. Amid the rising inflationary pressure and looming interest rate hikes, fundamentally sound value stocks ArcelorMittal (MT), Covestro (COVTY), KT Corporation (KT), and Nature’s Sunshine (NATR) could be solid bets.

:  |  News, Ratings, and Charts

Stock Market “Nausea Index” Going Off

The stock market (SPY) has seen fresh lows this week scaring many investors into selling their positions. On the other hand, 40 year investment veteran shares a proprietary market indicator that points to a significant bounce coming soon. Is he right? You be the judge by reading below.

Read More Stories

More AMC Entertainment Holdings, Inc. (AMC) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All AMC News