Amcor plc (NYSE:AMCR) went up by 0.17% from its latest closing price compared to the recent 1-year high of $12.92. The company’s stock price has collected -1.36% of loss in the last five trading sessions. Press Release reported on 09/30/21 that Union Pacific Elects Sheri Edison to Board of Directors
Is It Worth Investing in Amcor plc (NYSE :AMCR) Right Now?
Amcor plc (NYSE:AMCR) scored a price-to-earnings ratio above its average ratio, recording 19.30 x from its present earnings ratio. Opinions of the stock are interesting as 7 analysts out of 17 who provided ratings for Amcor plc declared the stock was a “buy,” while 0 rated the stock as “overweight,” 7 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $12.80, which is $0.97 above the current price. AMCR currently public float of 1.53B and currently shorts hold a 2.97% ratio of that float. Today, the average trading volume of AMCR was 5.79M shares.
AMCR’s Market Performance
AMCR stocks went down by -1.36% for the week, with a monthly drop of -5.37% and a quarterly performance of 0.87%, while its annual performance rate touched 1.84%. The volatility ratio for the week stands at 1.50% while the volatility levels for the past 30 days are set at 1.72% for Amcor plc. The simple moving average for the period of the last 20 days is -1.54% for AMCR stocks with a simple moving average of -0.89% for the last 200 days.
Analysts’ Opinion of AMCR
Many brokerage firms have already submitted their reports for AMCR stocks, with Goldman repeating the rating for AMCR by listing it as a “Sell.” The predicted price for AMCR in the upcoming period, according to Goldman is $11.50 based on the research report published on August 18th of the current year 2021.
Goldman, on the other hand, stated in their research note that they expect to see AMCR reach a price target of $12. The rating they have provided for AMCR stocks is “Neutral” according to the report published on April 09th, 2021.
BMO Capital Markets gave a rating of “Outperform” to AMCR, setting the target price at $13 in the report published on February 04th of the current year.
AMCR Trading at -3.80% from the 50-Day Moving Average
After a stumble in the market that brought AMCR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.91% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.50%, as shares sank -5.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.04% upper at present.
During the last 5 trading sessions, AMCR fell by -1.36%, which changed the moving average for the period of 200-days by unch in comparison to the 20-day moving average, which settled at $11.79. In addition, Amcor plc saw -1.10% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at AMCR starting from Delia Ronald Stephen, who sale 1,591,380 shares at the price of $12.18 back on Sep 09. After this action, Delia Ronald Stephen now owns 1,454,346 shares of Amcor plc, valued at $19,386,538 using the latest closing price.
Roegner Eric V, the President,Amcor Rigid Plastics of Amcor plc, sale 303,000 shares at $12.30 during a trade that took place back on Sep 08, which means that Roegner Eric V is holding 149,135 shares at $3,726,900 based on the most recent closing price.
Stock Fundamentals for AMCR
Equity return is now at value 19.80, with 5.60 for asset returns.