Amcor plc (NYSE:AMCR) saw a downside of -1.25% to close Monday at $9.45 after subtracting -$0.12 on the day. The 5-day average trading volume is 7,872,020 shares of the company’s common stock. It has gained $9.77 in the past week and touched a new high 2 times within the past 5 days. An average of 7,998,935 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,174,556.
AMCR’s 1-month performance is -5.69% or -$0.57 on its low of $9.25 reached on 08/17/23. The company’s shares have touched a 52-week low of $9.25 and high of $12.98, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, AMCR has lost -20.65% or -$2.46 and has reached a new high 4 times. However, the current price is down -27.20% from the 52-week high price.
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Insider Transactions
AMCR stock investors last saw insider trading activity on Dec 12.NAYAR ARUN (Director) most recently sold 5,648 shares at $12.39 per share on Dec 12. This transaction cost the insider $69,971. Director, Long Nicholas T., sold 5,372 shares at a price of $12.40 on Dec 12. Then, on Dec 12, Director Bertone Andrea E. sold 5,246 shares at a price of $12.40 per share. This transaction amounted to $65,054.
Valuation Metrics
AMCR stock has a beta of 0.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.95 while the price-to-book (PB) in the most recent quarter is 3.41, with the price to cash flow ratio at 18.92.
Amcor plc’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.65, while the total debt to equity was 1.68. In terms of profitability, the gross margin trailing 12 months is 18.50%. The firm’s gross profit as reported stood at $2.73 billion against revenue of $14.69 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -51.98% to $177.0 million, while revenue of $459.0 million was -159.32% off the previous quarter. Analysts expected AMCR to announce $0.18 per share in earnings in its latest quarter, but it posted $0.19, representing a 5.60% surprise. EBITDA for the quarter stood at more than $486.0 million. AMCR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.91 billion, with total debt at $7.41 billion. Shareholders hold equity totaling $1.45 billion.
Let’s look briefly at Amcor plc (AMCR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 31.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.42%.
The stock’s 5-day moving average is $9.50, reflecting a -2.07% or -$0.20 change from its current price. AMCR is currently trading -6.53% above its 20-day SMA, -14.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.25% and SMA200 by-18.46%.
Stochastic %K and %D was 29.88% and 20.84% and the average true range (ATR) pointed at 0.19. The RSI (14) points at 35.34%, while the 14-day stochastic is at 27.21% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at -0.05 and -0.14 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Amcor plc (NYSE: AMCR), BofA Securities downgraded it to an Underperform rating. They previously had a Buy rating on the stock. Analysts offering their rating for AMCR stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate AMCR as a “sell,”, while 13 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.
What is AMCR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.75 and a high of $11.00, with their median price target at $9.72. Looking at these predictions, the average price target given by analysts is for Amcor plc (AMCR) stock is $9.78.
