Don't take the naive position that stock prices are (or should be) directly reflective of the value of a company's business. They aren't. Stock prices are def

Don't take the naive position that stock prices are (or should be) directly reflective of the value of a company's business. They aren't. Stock prices are defined by what people are willing to pay for them. In the case of AMC, the price is higher because some retail investors are willing to invest in the hope that they will be able to squeeze the shorts. Fundamentals are great, but as the old saying goes: the market can remain irrational longer than you can remain solvent.