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Investors Considering Selling Amcor plc (Amcor plc:AMCR) Holdings?

Amcor plc (NYSE:AMCR) traded at $11.52 at close of the session on Wednesday, September 21, made an upward move of 0.66% on its previous day’s price.

Looking at the stock we see that its previous close was $11.44 and the beta (5Y monthly) reads 0.83 with the day’s price range being $11.32 – $11.63. The company has a trailing 12-month PE ratio of 21.67. In terms of its 52-week price range, AMCR has a high of $13.60 and a low of $10.66. The company’s stock has lost about -8.33% over that past 30 days.

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Amcor plc has a market cap of $17.22 billion and is expected to release its quarterly earnings report on Jan 31, 2022 – Feb 04, 2022. With its Forward Dividend at 0.48 and a yield of 4.20%, 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 $0.24, with the EPS growth for the year raised at $0.8 for 2022 and $0.84 for next year. These figures represent 8.10% and 5.00% 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 $3.77 billion, with a low of $3.65 billion and a high of $3.87 billion. The median projection represents growth squeezing down to 9.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $14.43 billion, or 12.20% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AMCR stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of Hold. 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 5.20, and the current price level is -4.91% off its SMA20 and -7.50% from its 50-day simple moving average. The RSI (14) is pointing at 35.96 while the volatility over the past week is 2.09% and jumps to 2.17% over the past one month.

Coming back to Amcor plc (NYSE:AMCR), we note that the average 3-month trading volume was 8.96 million, while that of the preceding 10-day period stands at 7.33 million. Current shares outstanding are 1.49 billion.

The insiders hold 0.20% of the company’s shares while institutions hold 49.10%. The data shows that short shares as of Jul 14, 2022, stood at 45.43 million at a short ratio of 4.62. This represents a 3.02% short interest in shares outstanding on Jul 14, 2022. Shares short fall in July from the previous month at 51.6 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -4.75% down in year-to-date price movement.

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