Amcor Plc (NYSE: AMCR)’s stock price has soared by 1.42 in relation to previous closing price of 9.87. Nevertheless, the company has seen a gain of 11.59% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that Amcor’s (AMCR) fiscal third-quarter revenues decline year over year due to low volumes. However, earnings grow year over year aided by its cost management efforts.
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 22.24x, Company’s 36-month beta value is 0.84.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AMCR is 1.44B, and currently, short sellers hold a 1.80% ratio of that floaft. The average trading volume of AMCR on May 06, 2024 was 8.96M shares.
AMCR’s Market Performance
AMCR stock saw an increase of 11.59% in the past week, with a monthly gain of 9.16% and a quarterly increase of 6.60%. The volatility ratio for the week is 2.95%, and the volatility levels for the last 30 days are 1.95% for Amcor Plc (AMCR).. The simple moving average for the past 20 days is 10.03% for AMCR’s stock, with a 7.24% 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 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 8.72% 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 -4.94% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares surge +8.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.10% upper at present.
During the last 5 trading sessions, AMCR rose by +11.59%, which changed the moving average for the period of 200-days by +0.30% in comparison to the 20-day moving average, which settled at $9.14. In addition, Amcor Plc saw 3.84% 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 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 15.94, with 3.85 for asset returns.
Based on Amcor Plc (AMCR), the company’s capital structure generated 0.65 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 1.82. The interest coverage ratio of the stock is 7.02.
Currently, EBITDA for the company is 1.99 billion with net debt to EBITDA at 4.15. When we switch over and look at the enterprise to sales, we see a ratio of 1.57. The receivables turnover for the company is 7.12for trailing twelve months and the total asset turnover is 0.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
In a nutshell, Amcor Plc (AMCR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
