Ardagh Metal Packaging S.A (NYSE:AMBP) price on current trading day, fall -1.44% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.43.
A look at the stock’s price movement, the close in the last trading session was $3.48, moving within a range at $3.43 and $3.5399. The beta value (5-Year monthly) was 0.61. Turning to its 52-week performance, $4.26 and $3.16 were the 52-week high and 52-week low respectively. Overall, AMBP moved -7.05% over the past month.
Ardagh Metal Packaging S.A’s market cap currently stands at around $2.02 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.40, with its dividend yield at 11.66%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.16B for the company’s revenue for the quarter, with a low and high estimate of 1.12B and 1.22B respectively. The average forecast suggests up to a 2.65% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.88B, representing a 1.37% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AMBP is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 75% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 2 recommend AMBP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AMBP’s current price about -6.51% and -8.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.65, while 7-day volatility ratio is 2.95% and 2.48% in the 30-day chart. Further, Ardagh Metal Packaging S.A (AMBP) has a beta value of 0.61, and an average true range (ATR) of 0.10. Analysts have given the company’s stock an average 52-week price target of $5.05, forecast between a low of $5 and high of $5.1. Looking at the price targets, the low is -45.77% off current price level while to achieve the yearly target high, price needs to move -48.69%. Nonetheless, investors will most likely welcome a -47.23% jump to $5.05 which is the analysts’ median price.
If we refocus on Ardagh Metal Packaging S.A (NYSE:AMBP), historical trading data shows that trading volumes averaged 1.12 over the past 10 days and 1.37 million over the past 3 months. The company’s latest data on shares outstanding shows there are 597.69 million shares.
The 76.94% of Ardagh Metal Packaging S.A’s shares are in the hands of company insiders while institutional holders own 17.53% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.24 million on 2024-11-15, giving us a short ratio of 1.24. The data shows that as of 2024-11-15 short interest in Ardagh Metal Packaging S.A (AMBP) stood at 157.00001 of shares outstanding, with shares short falling to 2.87 million registered in 2024-10-15. Current price change has pushed the stock -10.68% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMBP stock continues to rise going into the next quarter.
