Amcor plc (NYSE: AMCR) has a higher price-to-earnings ratio of 13.44x compared to its average ratio. compared to its average ratio and a 36-month beta value of 0.86. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 13 as “hold,” and 2 as “sell.”
The average price point forecasted by analysts for Amcor plc (AMCR) is $9.78, which is $0.6 above the current market price. The public float for AMCR is 1.44B, and currently, short sellers hold a 1.87% ratio of that float. The average trading volume of AMCR on September 15, 2023 was 7.12M shares.
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AMCR) stock’s latest price update
The stock of Amcor plc (NYSE: AMCR) has decreased by -0.68 when compared to last closing price of 9.53. Despite this, the company has experienced a 2.32% gain in its stock price over the last five trading sessions. InvestorPlace reported 2023-09-12 that History proves there is no better way to create generational wealth than buying dividend stocks — especially the Dividend Aristocrats. There has not been a single decade over the last 93 years where dividend-paying stocks on the S&P 500 did not outperform non-dividend stocks.
AMCR’s Market Performance
Amcor plc (AMCR) has seen a 2.32% rise in stock performance for the week, with a 0.58% gain in the past month and a -7.93% plunge in the past quarter. The volatility ratio for the week is 1.56%, and the volatility levels for the past 30 days are at 1.77% for AMCR. The simple moving average for the past 20 days is -0.04% for AMCR’s stock, with a -12.16% simple moving average for the past 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 “Underperform.” The predicted price for AMCR in the upcoming period, according to BofA Securities is $9 based on the research report published on July 10, 2023 of the current year 2023.
AMCR Trading at -2.65% 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 -25.94% of loss for the given period.
Volatility was left at 1.77%, however, over the last 30 days, the volatility rate increased by 1.56%, as shares sank -1.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.71% lower at present.
During the last 5 trading sessions, AMCR rose by +2.32%, which changed the moving average for the period of 200-days by -21.06% in comparison to the 20-day moving average, which settled at $9.46. In addition, Amcor plc saw -20.53% 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 30,000 shares at the price of $9.40 back on Aug 23. After this action, NAYAR ARUN now owns 45,072 shares of Amcor plc, valued at $282,026 using the latest closing price.
NAYAR ARUN, the Director of Amcor plc, sale 5,648 shares at $12.39 during a trade that took place back on Dec 12, which means that NAYAR ARUN is holding 75,072 shares at $69,971 based on the most recent closing price.
Stock Fundamentals for AMCR
Equity return is now at value 25.20, with 6.00 for asset returns.
Conclusion
To put it simply, Amcor plc (AMCR) has had a mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as 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.
