The stock of Amcor plc (AMCR) has gone down by -0.55% for the week, with a -5.35% drop in the past month and a -14.09% drop in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are 1.73% for AMCR. The simple moving average for the last 20 days is -2.83% for AMCR stock, with a simple moving average of -9.65% for the last 200 days.
Is It Worth Investing in Amcor plc (NYSE: AMCR) Right Now?
Amcor plc (NYSE: AMCR) has a higher price-to-earnings ratio of 15.15x compared to its average ratio, and the 36-month beta value for AMCR is at 0.85. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 13 as “hold,” and 3 as “sell.”
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The average price suggested by analysts for AMCR is $11.66, which is $1.07 above the current market price. The public float for AMCR is 1.47B, and currently, shorts hold a 1.88% of that float. The average trading volume for AMCR on March 17, 2023 was 7.92M shares.
AMCR) stock’s latest price update
Amcor plc (NYSE: AMCR)’s stock price has increased by 0.47 compared to its previous closing price of 10.74. However, the company has experienced a -0.55% decline in its stock price over the last five trading sessions. MarketWatch.com reported on 02/03/22 that WHO report points to tons of dangerous COVID-19 refuse — these waste-management stocks are poised to gain from it
Analysts’ Opinion of AMCR
The stock of Amcor plc (AMCR) has gone down by -0.55% for the week, with a -5.35% drop in the past month and a -14.09% drop in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are 1.73% for AMCR. The simple moving average for the last 20 days is -2.83% for AMCR stock, with a simple moving average of -9.65% for the last 200 days.
Analysts’ Opinion of AMCR
Many brokerage firms have already submitted their reports for AMCR stocks, with JP Morgan repeating the rating for AMCR by listing it as a “Neutral.” The predicted price for AMCR in the upcoming period, according to JP Morgan is $11.70 based on the research report published on January 24th of the current year 2023.
AMCR Trading at -6.75% 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 -20.69% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares sank -6.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.48% lower at present.
During the last 5 trading sessions, AMCR fell by -0.55%, which changed the moving average for the period of 200-days by -18.93% in comparison to the 20-day moving average, which settled at $11.07. In addition, Amcor plc saw -9.40% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMCR starting from NAYAR ARUN, who sale 5,648 shares at the price of $12.39 back on Dec 12. After this action, NAYAR ARUN now owns 75,072 shares of Amcor plc, valued at $69,971 using the latest closing price.
Long Nicholas T., the Director of Amcor plc, sale 5,372 shares at $12.40 during a trade that took place back on Dec 12, which means that Long Nicholas T. is holding 29,769 shares at $66,622 based on the most recent closing price.
Stock Fundamentals for AMCR
Equity return is now at value 25.20, with 6.10 for asset returns.
Conclusion
In conclusion, Amcor plc (AMCR) has had a bad performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
