What Technical Indicators Show About Amcor plc (AMCR)?


Amcor plc (NYSE:AMCR) finished Thursday with an addition of $0.11 to close at $12.02, an upside of 0.92 percent. An average of 4,924,060 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 7,007,355 shares traded, while the 50-day average volume stands at 7,600,408.

AMCR stock has decreased by -0.74% in the last month. The company shares reached their 1-month lowest point of $11.74 on 12/22/22. With the stock rallying to its 52-week high on 06/06/22, shares of the company touched a low of $10.42 and a high of $13.60 in 52 weeks. It has reached a new high 10 times so far this year and achieved 0.08% or $0.01 in price. In spite of this, the price is down -11.65% from the 52-week high.

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Insider Transactions

AMCR stock investors should be aware that Amcor plc (AMCR) stock had its last reported insider trading activity 18 days ago on Dec 12. In this transaction, the insider spent $66,622. Director, Bertone Andrea E., disposed of 5,246 shares at a price of $12.40 on Dec 12. The insider now owns more than $65,054 worth of shares. Prior to that, Director NAYAR ARUN went on to Sale 5,648 shares at $12.39 each on Dec 12. An amount of $69,971 was transacted.

Valuation Metrics

Amcor plc (AMCR) has a trailing price-to-earnings (P/E) ratio of 21.78. The stock’s beta is 0.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.20, the price-to-book (PB) ratio at 4.52, and the price-to-cash flow ratio at 296.32.

The company has a payout ratio of 86.60%. The company’s most recent quarterly dividend payment was $0.1225 a share, representing a up of 2.08% from $0.12 last year. Its latest increase dividend $0.0025 reported on Tuesday November 1 2022.

Financial Health

The quick ratio of Amcor plc for the three months ended June 29 was 0.70, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.76 and a total debt to equity ratio of 1.78 for the quarter ending June 29. Its gross profit as reported stood at $2.82 billion compared to revenue of $14.54 billion.

Earnings Surprise

For the three-month period that ended June 29, Amcor plc had $6.88 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $232.0 million in the quarter, while revenues were grew 12.93%. The analyst consensus anticipated Amcor plc’s latest quarter earnings to come in at $0.24 per share, but it turned out to be $0.24, a 0.00% surprise. For the quarter, EBITDA amounted to $494.0 million. Shareholders own equity worth $1.49 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Amcor plc (AMCR) price momentum. RSI 9-day as of the close on 29 December was 45.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.43%.

As of today, AMCR’s price is $12.01 -0.66% or -$0.08 from its 5-day moving average. AMCR is currently trading -2.67% lower than its 20-day SMA and -2.99% lower than its 100-day SMA. However, the stock’s current price level is +7.32% above the SMA50 and +6.94% above the SMA200.

The stochastic %K and %D were 25.32% and 27.78%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 26.92% and the average true range at 0.24, the RSI (14) stands at 48.86%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at -0.17.

Analyst Ratings

BofA Securities upgraded Amcor plc (NYSE: AMCR) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Amcor plc (AMCR) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell AMCR, while 13 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.

What is AMCR’s price target for the next 12 months?

Analysts predict a range of price targets between $9.94 and $14.00, with a median target of $11.62. Taking a look at these predictions, the average price target given by analysts for Amcor plc (AMCR) stock is $11.67.


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