Amcor Plc (NYSE:AMCR) shares, rose in value on Friday, January 03, with the stock price down by -0.16% to the previous day’s close as strong demand from buyers drove the stock to $9.34.
Actively observing the price movement in the recent trading, the stock is buoying the session at $9.35, falling within a range of $9.285 and $9.36. The value of beta (5-year monthly) is 0.863 whereas the PE ratio is 17.60 over 12-month period. Referring to stock’s 52-week performance, its high was $11.48, and the low was $8.78. On the whole, AMCR has fluctuated by -11.60% over the past month.
With the market capitalization of Amcor Plc currently standing at about $13.49 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.50, with its dividend yield at 5.38%.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.34, with the price of AMCR currently trading nearly -3.63% and -8.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.03, while the 7-day volatility ratio is showing 1.29% which for the 30-day chart, stands at 1.75%. Furthermore, Amcor Plc (AMCR)’s beta value is 0.84, and its average true range (ATR) is 0.17.
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 -0.16% in today’s session so far, and over the past year, it shrunk by -2.76%%.
Data on historical trading for Amcor Plc (NYSE:AMCR) indicates that the trading volumes over the past 10 days have averaged 14.45 and over the past 3 months, they’ve averaged 12.30 million. According to company’s latest data on outstanding shares, there are 1.44 billion shares outstanding.
Nearly 0.38% of Amcor Plc’s shares belong to company insiders and institutional investors own 55.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 67.2 million shares as on 2024-12-13, resulting in a short ratio of 3.75. According to the data, the short interest in Amcor Plc (AMCR) stood at 467.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 22.21 million. The stock has fallen by -0.80% 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.
