Amcor Plc (NYSE:AMCR) traded at $9.04 at last check on Monday, April 29, made an upward move of 0.74% on its previous day’s price.
Looking at the stock we see that its previous close was $8.97. The company has a trailing 12-month PE ratio of 20.53. In terms of its 52-week price range, AMCR has a high of $11.09 and a low of $8.45. The company’s stock has lost about -4.98% over that past 30 days.
Amcor Plc has a market cap of $13.06 billion. With its Forward Dividend at 0.49 and a yield of 5.48%, the company’s investors could be anxious for the AMCR stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.16, with the EPS growth for the year raised at $0.69 for 2024 and $0.73 for next year. These figures represent -5.50% and 5.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.5 billion, with a low of $3.39 billion and a high of $3.65 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $13.89 billion, or -5.40% down from figures reported last year.
On the other hand, looking at the outlook for the AMCR stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note that the PEG ratio for the AMCR stock currently stands at 3.80, and the most recent price level today is -0.37% off its SMA20 and -1.57% from its 50-day simple moving average. The RSI (14) is pointing at 47.65 while the volatility over the past week is 1.60% and jumps to 1.66% over the past one month. The beta value is 0.85, while the average true range (ATR) is currently pointing at 0.16.
Coming back to Amcor Plc (NYSE:AMCR), we note that the average 3-month trading volume was 8.64 million. Current shares outstanding are 1.45 billion.
The insiders hold 0.35% of the company’s shares while institutions hold 52.97%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -6.26% down in year-to-date price movement.
