Amcor Plc (NYSE: AMCR)’s stock price has decreased by -0.75 compared to its previous closing price of 9.35. However, the company has seen a 3.23% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-08 that “Dividend Aristocrats in the S&P 500 Index… have raised their annual payouts every year for at least 25 consecutive years. “– Kiplinger.com/Investing. 66 Aristocrats, screened as of November 6, 2023, represented all eleven Morningstar Sectors. Broker estimated-top-ten net-gains ranged 22.29%-34.44% topped-by O & WBA.
Is It Worth Investing in Amcor Plc (NYSE: AMCR) Right Now?
The price-to-earnings ratio for Amcor Plc (NYSE: AMCR) is above average at 14.17x. The 36-month beta value for AMCR is also noteworthy at 0.86. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 12 rating it as “hold,” and 1 rating it as “sell.”
The average price estimated by analysts for AMCR is $9.40, which is $0.12 above than the current price. The public float for AMCR is 1.44B, and at present, short sellers hold a 1.83% of that float. The average trading volume of AMCR on November 17, 2023 was 7.59M shares.
AMCR’s Market Performance
AMCR’s stock has seen a 3.23% increase for the week, with a 7.16% rise in the past month and a -3.03% fall in the past quarter. The volatility ratio for the week is 1.52%, and the volatility levels for the past 30 days are at 1.87% for Amcor Plc The simple moving average for the last 20 days is 4.69% for AMCR stock, with a simple moving average of -7.96% 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 “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 3.17% 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 -27.39% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares surge +7.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.42% upper at present.
During the last 5 trading sessions, AMCR rose by +3.23%, which changed the moving average for the period of 200-days by -23.12% in comparison to the 20-day moving average, which settled at $8.90. In addition, Amcor Plc saw -22.08% 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 24.77, with 5.70 for asset returns.
Conclusion
In summary, Amcor Plc (AMCR) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” 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.
