The price-to-earnings ratio for Amcor Plc (NYSE: AMCR) is above average at 21.60x, Company’s 36-month beta value is 0.84.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 3 as “sell.”
The public float for AMCR is 1.44B, and currently, short sellers hold a 1.75% ratio of that floaft. The average trading volume of AMCR on April 01, 2024 was 9.07M shares.
AMCR) stock’s latest price update
Amcor Plc (NYSE: AMCR)’s stock price has increased by 0.32 compared to its previous closing price of 9.48. However, the company has seen a 2.48% increase in its stock price over the last five trading sessions. 24/7 Wall Street reported 2024-03-23 that The company operates through two segments: Flexibles Rigid Packaging The Flexibles segment provides flexible and film packaging products in food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.
AMCR’s Market Performance
Amcor Plc (AMCR) has experienced a 2.48% rise in stock performance for the past week, with a 7.22% rise in the past month, and a -2.16% drop in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 1.76% for AMCR. The simple moving average for the last 20 days is 2.10% for AMCR stock, with a simple moving average of 0.74% 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 previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see AMCR reach a price target of $10.80, previously predicting the price at $11.60. The rating they have provided for AMCR stocks is “Overweight” according to the report published on May 03rd, 2023.
AMCR Trading at 2.43% 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 -16.51% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares surge +4.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.53% upper at present.
During the last 5 trading sessions, AMCR rose by +2.48%, which changed the moving average for the period of 200-days by -5.18% in comparison to the 20-day moving average, which settled at $9.34. In addition, Amcor Plc saw -1.35% 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 Roegner Eric V, who purchase 1,560 shares at the price of $9.10 back on Feb 09 ’24. After this action, Roegner Eric V now owns 520 shares of Amcor Plc, valued at $14,197 using the latest closing price.
Guerra Karen Jane, the Director of Amcor Plc, sale 25,000 shares at $9.02 during a trade that took place back on Feb 09 ’24, which means that Guerra Karen Jane is holding 75,424 shares at $225,444 based on the most recent closing price.
Stock Fundamentals for AMCR
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.19 for the gross margin
The net margin for Amcor Plc stands at 0.05. The total capital return value is set at 0.09. Equity return is now at value 15.46, with 3.76 for asset returns.
Based on Amcor Plc (AMCR), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.91. The interest coverage ratio of the stock is 7.72.
Currently, EBITDA for the company is 1.99 billion with net debt to EBITDA at 4.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.49. The receivables turnover for the company is 7.71for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
In a nutshell, Amcor Plc (AMCR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
