Amcor Plc (NYSE:AMCR) shares, rose in value, with the stock price up by 0.63% to the previous day’s close as strong demand from buyers drove the stock to $11.13.
Actively observing the price movement in the last trading, the stock closed the session at $11.06, falling within a range of $11.08 and $11.24. The value of beta (5-year monthly) was 0.86 whereas the PE ratio was 22.09 over 12-month period. Referring to stock’s 52-week performance, its high was $11.48, and the low was $8.59. On the whole, AMCR has fluctuated by -0.89% over the past month.
With the market capitalization of Amcor Plc currently standing at about $16.09 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.50, with its dividend yield at 4.49%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14.09B, with a low estimate of 3.39B and a high estimate of 3.58B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.49B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AMCR’s technical picture suggests that short-term indicators denote the stock is a 25% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.69, with the price of AMCR currently trading nearly -0.02% and -0.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.14, while the 7-day volatility ratio is showing 1.30% which for the 30-day chart, stands at 1.27%. Furthermore, Amcor Plc (AMCR)’s beta value is 0.86, and its average true range (ATR) is 0.16.
A comparison of Amcor Plc (AMCR) with its peers suggests the former has fared considerably weaker in the market. AMCR showed an intraday change of 0.63% in last session, and over the past year, it grew by 25.20%%.
Data on historical trading for Amcor Plc (NYSE:AMCR) indicates that the trading volumes over the past 10 days have averaged 6.69 and over the past 3 months, they’ve averaged 8.40 million. According to company’s latest data on outstanding shares, there are 1.44 billion shares outstanding.
Nearly 0.37% of Amcor Plc’s shares belong to company insiders and institutional investors own 55.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.64 million shares as on 2024-10-15, resulting in a short ratio of 2.92. According to the data, the short interest in Amcor Plc (AMCR) stood at 144.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 24.14 million. The stock has risen by 15.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMCR stock heading into the next quarter.
