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Wall Street Pummels Amcor plc (AMCR) After Recent Earnings Report

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Amcor plc (NYSE:AMCR) went up by 0.25% from its latest closing price compared to the recent 1-year high of $12.92. The company’s stock price has collected 2.27% of gains in the last five trading sessions. Press Release reported on 12/15/21 that Amcor announces global price increases

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 19.98 x from its present earnings ratio. Opinions of the stock are interesting as 8 analysts out of 16 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 1 as “sell.”

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The average price from analysts is $12.93, which is $0.65 above the current price. AMCR currently public float of 1.53B and currently shorts hold a 2.91% ratio of that float. Today, the average trading volume of AMCR was 5.84M shares.

AMCR’s Market Performance

AMCR stocks went up by 2.27% for the week, with a monthly jump of 5.10% and a quarterly performance of 4.56%, while its annual performance rate touched 5.29%. The volatility ratio for the week stands at 2.05% while the volatility levels for the past 30 days are set at 1.66% for Amcor plc. The simple moving average for the period of the last 20 days is 2.50% for AMCR stocks with a simple moving average of 2.08% for the last 200 days.

Analysts’ Opinion of AMCR

Many brokerage firms have already submitted their reports for AMCR stocks, with BofA Securities repeating the rating for AMCR by listing it as a “Buy.” The predicted price for AMCR in the upcoming period, according to BofA Securities is $13.20 based on the research report published on December 15th of the previous year 2021.

Goldman, on the other hand, stated in their research note that they expect to see AMCR reach a price target of $11.50, previously predicting the price at $12. The rating they have provided for AMCR stocks is “Sell” according to the report published on August 18th, 2021.

Goldman gave a rating of “Neutral” to AMCR, setting the target price at $12 in the report published on April 09th of the previous year.

AMCR Trading at 2.19% 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 -5.96% of loss for the given period.

Volatility was left at 1.66%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares surge +4.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading unchanged at present.

During the last 5 trading sessions, AMCR rose by +2.27%, which changed the moving average for the period of 200-days by +3.14% in comparison to the 20-day moving average, which settled at $11.88. In addition, Amcor plc saw 1.17% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at AMCR starting from Zacka Michael J, who sale 90,000 shares at the price of $11.61 back on Dec 06. After this action, Zacka Michael J now owns 102,142 shares of Amcor plc, valued at $1,045,080 using the latest closing price.

Zacka Michael J, the President, Amcor Flex Europe of Amcor plc, sale 139 shares at $11.71 during a trade that took place back on Nov 24, which means that Zacka Michael J is holding 192,142 shares at $1,628 based on the most recent closing price.

Stock Fundamentals for AMCR

Equity return is now at value 20.00, with 5.60 for asset returns.

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