Amcor Plc (NYSE:AMCR) shares, rose in value, with the stock price up by 0.44% to the previous day’s close as strong demand from buyers drove the stock to $9.21.
Actively observing the price movement in the last trading, the stock closed the session at $9.17. The value of beta (5-year monthly) was 0.84 whereas the PE ratio was 20.92 over 12-month period. Referring to stock’s 52-week performance, its high was $11.32, and the low was $8.45. On the whole, AMCR has fluctuated by 0.11% over the past month.
With the market capitalization of Amcor Plc currently standing at about $13.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024 – May 05, 2024. The company’s Forward Dividend Ratio is 0.49, with its dividend yield at 5.37%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.16, which is expected to increase to $0.21 for fiscal year $0.69 and then to about $0.73 by fiscal year 2025. Data indicates that the EPS growth is expected to be -5.50% in 2025, while the next year’s EPS growth is forecast to be 5.80%.
Analysts have estimated the company’s revenue for the quarter at $3.5 billion, with a low estimate of $3.39 billion and a high estimate of $3.65 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $13.89 billion, representing a decrease of -5.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AMCR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.87, with the price of AMCR currently trading nearly -1.61% and -0.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.23, while the 7-day volatility ratio is showing 1.87% which for the 30-day chart, stands at 1.79%. Furthermore, Amcor Plc (AMCR)’s beta value is 0.85, and its average true range (ATR) is 0.18.
A comparison of Amcor Plc (AMCR) with its peers suggests the former has fared considerably weaker in the market. AMCR showed an intraday change of 0.44% in last session, and over the past year, it shrunk by -17.91%%.
Data on historical trading for Amcor Plc (NYSE:AMCR) indicates that the trading volumes over the past 10 days have averaged 6.73 million and over the past 3 months, they’ve averaged 9.08 million. According to company’s latest data on outstanding shares, there are 1.45 billion shares outstanding.
Nearly 0.33% of Amcor Plc’s shares belong to company insiders and institutional investors own 53.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 25.21 million shares as on Mar 15, 2024, resulting in a short ratio of 2.6. According to the data, the short interest in Amcor Plc (AMCR) stood at 1.74% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 17.23 million. The stock has fallen by -4.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMCR stock heading into the next quarter.
