About 112,348 Worth Of Amcor plc (AMCR) Shares Belongs To Its PRESIDENT, AMCOR FLEX EUROPE

As of Thursday close, Amcor plc’s (NYSE:AMCR) stock was up $0.06, moving up 0.48 percent to $12.57. The average number of shares traded per day over the past five days has been 16,457,920 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.07 fall in that time frame. In the last twenty days, the average volume was 13,712,564, while in the previous 50 days, it was 9,918,100.

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Since last month, AMCR stock rose 7.80%. Shares of the company fell to $11.35 on 04/25/22, the lowest level in the past month. A 52-week high of $13.18 was reached on 05/04/22 after having rallying from a 52-week low of $10.66. Since the beginning of this year, AMCR’s stock price has risen by 4.66% or $0.56, and marked a new high 6 times. However, the stock has declined by -4.59% since its 52-week high.

Amcor plc (AMCR) last reported insider trading activity 4 days ago on May 09. Zacka Michael J, the PRESIDENT, AMCOR FLEX EUROPE of the company, disposed of 846,507 shares for $12.66 on May 09. It resulted in a $10,713,393 divestment by the insider. SORRELLS JULIE MARIE sold 17,283 shares at an average price of $12.55 on May 06. The insider now owns 20,733 shares following the transaction. On May 06, EXECUTIVE VICE PRESIDENT Wilson Ian sold 54,060 shares at $12.64 apiece. The transaction was valued at $683,589.

Valuation Metrics

Right now, Amcor plc (AMCR) has a P/E ratio of about 20.21. Besides these, the trailing price-to-sales (P/S) ratio of 1.32, the price-to-book (PB) ratio of 4.18, and the price-to-cash flow ratio of 97.59 may also be considered.

The latest dividend of $0.12 per share was paid out, remained unchanged from last year’s $0.12. On Tuesday November 2 2021, a $0.0025 dividend increase was announced.

Financial Health

In the three months ended September 29, Amcor plc’s quick ratio stood at 0.80, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.59, and the total debt-to-equity ratio was 1.60. On the profitability front, the trailing twelve-month gross margin is 19.70% percent. In the year ended September 29, operating margins totaled 9.60%. Based on annual data, AMCR earned $2.73 billion in gross profit and brought in $12.86 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.60%. Return on equity (ROE) for the past 12 months was 20.60%.

In Amcor plc’s quarter-end financial report for September 29, it reported total debt of $7.18 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AMCR’s revenue rose 13.51% to $3.51 billion during the quarter, while net income inched up to $3.71 billion. While analysts expected Amcor plc to report $0.18 quarterly earnings, the actual figure was $0.18 per share. During the quarter, the company generated $517.0 million in EBITDA. The liabilities of Amcor plc were 13.41 billion at the end of its most recent quarter ended September 29, and its total debt was $7.04 billion. The value of shareholders’ equity is $1.5 billion.

Technical Picture

This quick technical analysis looks at Amcor plc’s (AMCR) price momentum. With a historical volatility rate of 54.26%, the RSI 9-day stood at 58.89% on 12 May.

With respect to its five-day moving average, the current Amcor plc price is down by -0.55% percent or -$0.07. At present, AMCR shares trade +7.44% above its 20-day simple moving average and +6.62% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.07% above its SMA50 and +8.55% above its SMA200.

Stochastic coefficient K was 65.57% and Stochastic coefficient D was 67.88%, while ATR was 0.39. Given the Stochastic reading of 66.85% for the 14-day period, the RSI (14) reading has been calculated as 59.03%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.28.

Analyst Ratings

Truist launched its rating on Amcor plc (NYSE: AMCR) to a Hold in a note to investors on March 25, 2022. Amcor plc (AMCR) has been rated Overweight by analysts. According to 1 brokerage firm, AMCR is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Amcor plc stock as buy, with 7 recommending it as overweight.

With a median target price of $12.78, the current consensus forecast for the stock is $10.49 – $14.00. Based on these forecasts, analysts predict Amcor plc (AMCR) will achieve an average price target of $12.61.


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