Ardagh Metal Packaging S.A (NYSE:AMBP) price on current trading day, rose 4.64% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.05.
A look at the stock’s price movement, the level at last check in today’s session was $2.91. Turning to its 52-week performance, $4.26 and $2.50 were the 52-week high and 52-week low respectively. Overall, AMBP moved 9.53% over the past month.
Ardagh Metal Packaging S.A’s market cap currently stands at around $1.82 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.40, with its dividend yield at 13.14%. 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 1.15B and 1.18B respectively. The average forecast suggests up to a 1.69% 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 4.97B, representing a 1.35% 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 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 12.08% and 7.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.19, while 7-day volatility ratio is 3.48% and 3.14% in the 30-day chart. Further, Ardagh Metal Packaging S.A (AMBP) has a beta value of 0.62, and an average true range (ATR) of 0.10. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $2.75 and high of $5.1. Looking at the price targets, the low is 9.84% off recent price level in today’s trading while to achieve the yearly target high, it has to move -67.21%. Nonetheless, investors will most likely welcome a -63.93% jump to $5 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 1.29 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 17.72% of the company’s shares. Current price change has pushed the stock 1.16% 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.
