As of Wednesday close, Amcor plc’s (NYSE:AMCR) stock was up $0.07, moving up 0.76 percent to $9.26. The average number of shares traded per day over the past five days has been 7,175,140 shares. 2 times new highs have been achieved over the past 5 days, with a $0.05 gain in that time frame. In the last twenty days, the average volume was 6,795,215, while in the previous 50 days, it was 6,982,362.
Since last month, AMCR stock retreated -2.01%. Shares of the company fell to $9.13 on 09/19/23, the lowest level in the past month. A 52-week high of $12.78 was reached on 01/09/23 after having rallying from a 52-week low of $9.12. Since the beginning of this year, AMCR’s stock price has dropped by -22.25% or -$2.65, and marked a new high 4 times. However, the stock has declined by -27.54% since its 52-week high.
AMCR stock investors should be aware that Amcor plc (AMCR) stock had its last reported insider trading activity 29 days ago on Aug 23. NAYAR ARUN, the Director of the company, disposed of 30,000 shares for $9.40 on Aug 23. It resulted in a $282,026 divestment by the insider. NAYAR ARUN sold 5,648 shares at an average price of $12.39 on Dec 12. The insider now owns 75,072 shares following the transaction. On Dec 12, Director Long Nicholas T. sold 5,372 shares at $12.40 apiece. The transaction was valued at $66,622.
Valuation Metrics
Right now, Amcor plc (AMCR) has a P/E ratio of about 13.15. The stock’s beta is 0.86. Besides these, the trailing price-to-sales (P/S) ratio of 0.93, the price-to-book (PB) ratio of 3.34, and the price-to-cash flow ratio of 18.60 may also be considered.
The latest dividend of $0.1225 per share was paid out, remained unchanged from last year’s $0.1225. On Tuesday November 1 2022, a $0.0025 dividend increase was announced.
Financial Health
In the three months ended June 29, Amcor plc’s quick ratio stood at 0.70, while its current ratio was 1.20, 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 June 29 was 1.65, and the total debt-to-equity ratio was 1.68. On the profitability front, the trailing twelve-month gross margin is 18.50% percent. In the year ended June 29, operating margins totaled 10.30%. Based on annual data, AMCR earned $2.73 billion in gross profit and brought in $14.69 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 12.20%. Return on equity (ROE) for the past 12 months was 25.20%.
In Amcor plc’s quarter-end financial report for June 29, it reported total debt of $6.65 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 fell -6.43% to $3.67 billion during the quarter, while net income inched up to $3.67 billion. While analysts expected Amcor plc to report $0.18 quarterly earnings, the actual figure was $0.19 per share, beating the consensus estimate by 5.60%. During the quarter, the company generated $486.0 million in EBITDA. The liabilities of Amcor plc were 12.91 billion at the end of its most recent quarter ended June 29, and its total debt was $7.41 billion. The value of shareholders’ equity is $1.45 billion.
Technical Picture
This quick technical analysis looks at Amcor plc’s (AMCR) price momentum. With a historical volatility rate of 28.09%, the RSI 9-day stood at 43.50% on 20 September.
With respect to its five-day moving average, the current Amcor plc price is up by +0.54% percent or $0.05. At present, AMCR shares trade -0.54% below its 20-day simple moving average and -15.20% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.18% below its SMA50 and -25.20% below its SMA200.
Stochastic coefficient K was 16.60% and Stochastic coefficient D was 24.65%, while ATR was 0.19. Given the Stochastic reading of 19.15% for the 14-day period, the RSI (14) reading has been calculated as 43.27%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at -0.14.
Analyst Ratings
Amcor plc downgraded its rating on Amcor plc (NYSE: AMCR) to an Underperform in a note to investors on July 10, 2023. The analysts firm previously had a Buy rating on the stock.Amcor plc (AMCR) has been rated Hold by analysts. According to 2 brokerage firms, AMCR is a sell, and 13 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 1 analyst rate Amcor plc stock as buy, with 1 recommending it as overweight.
With a median target price of $9.72, the current consensus forecast for the stock is $8.75 – $11.00. Based on these forecasts, analysts predict Amcor plc (AMCR) will achieve an average price target of $9.78.
