Amcor Plc (NYSE:AMCR) shares, rose in value on Thursday, March 06, with the stock price up by 0.40% to the previous day’s close as strong demand from buyers drove the stock to $10.11.
Actively observing the price movement in the last trading, the stock closed the session at $10.07. The PE ratio was 18.35 over 12-month period. Referring to stock’s 52-week performance, its high was $11.48, and the low was $8.80. On the whole, AMCR has fluctuated by 0.60% over the past month.
With the market capitalization of Amcor Plc currently standing at about $14.61 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.51, with its dividend yield at 5.00%.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.05, with the price of AMCR currently trading nearly -0.10% and 3.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.96, while the 7-day volatility ratio is showing 1.79% which for the 30-day chart, stands at 1.63%. Furthermore, Amcor Plc (AMCR)’s beta value is 0.79, and its average true range (ATR) is 0.18.
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 0.40% in last session, and over the past year, it grew by 10.25%%.
Data on historical trading for Amcor Plc (NYSE:AMCR) indicates that the trading volumes over the past 3 months, they’ve averaged 19.05 million. According to company’s latest data on outstanding shares, there are 1.44 billion shares outstanding.
Nearly 0.40% of Amcor Plc’s shares belong to company insiders and institutional investors own 59.55% of the company’s shares. The stock has risen by 7.44% 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.
