Amcor Plc (NYSE: AMCR)’s stock price has plunge by -0.66relation to previous closing price of 10.64. Nevertheless, the company has seen a 0.76% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-29 that AMCR and Kolon join forces to bring customers innovative and more sustainable packaging solutions, including post-consumer recycled content.
Is It Worth Investing in Amcor Plc (NYSE: AMCR) Right Now?
Amcor Plc (NYSE: AMCR) has a higher price-to-earnings ratio of 19.92x compared to its average ratio, The 36-month beta value for AMCR is at 0.83. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for AMCR is 1.44B, and currently, shorts hold a 1.54% of that float. The average trading volume for AMCR on December 03, 2024 was 9.93M shares.
AMCR’s Market Performance
The stock of Amcor Plc (AMCR) has seen a 0.76% increase in the past week, with a -5.03% drop in the past month, and a -6.54% fall in the past quarter. The volatility ratio for the week is 1.96%, and the volatility levels for the past 30 days are at 2.36% for AMCR. The simple moving average for the last 20 days is 2.61% for AMCR stock, with a simple moving average of 4.03% for the last 200 days.
Analysts’ Opinion of AMCR
Stifel, on the other hand, stated in their research note that they expect to see AMCR reach a price target of $10.80. The rating they have provided for AMCR stocks is “Hold” according to the report published on July 09th, 2024.
Wells Fargo gave a rating of “Equal Weight” to AMCR, setting the target price at $9.80 in the report published on June 28th of the current year.
AMCR Trading at -2.13% 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 -7.93% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares surge +3.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.03% lower at present.
During the last 5 trading sessions, AMCR rose by +0.76%, which changed the moving average for the period of 200-days by +17.58% in comparison to the 20-day moving average, which settled at $10.30. In addition, Amcor Plc saw 9.65% 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 SORRELLS JULIE MARIE, who sale 8,000 shares at the price of $11.37 back on Sep 03 ’24. After this action, SORRELLS JULIE MARIE now owns 38,533 shares of Amcor Plc, valued at $90,960 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:
- 0.09 for the present operating margin
- 0.2 for the gross margin
The net margin for Amcor Plc stands at 0.06. The total capital return value is set at 0.1. Equity return is now at value 19.68, with 4.58 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 0.16. The debt to equity ratio resting at 1.86. The interest coverage ratio of the stock is 3.61.
Currently, EBITDA for the company is 1.84 billion with net debt to EBITDA at 3.89. When we switch over and look at the enterprise to sales, we see a ratio of 1.67. The receivables turnover for the company is 6.87for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
In conclusion, Amcor Plc (AMCR) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
