The trading price of Amcor Plc (NYSE:AMCR) floating lower at last check on current market day and closing at $9.53, -0.21% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $9.47 and $9.64. The company’s P/E ratio in the trailing 12-month period was 17.30, while its 5Y monthly beta was 0.811. In examining the 52-week price action we see that the stock hit a 52-week high of $11.48 and a 52-week low of $8.80. Over the past month, the stock has lost -7.12% in value.
Amcor Plc, whose market valuation is $13.77 billion at the time of this writing, is expected to release its quarterly earnings report on 2025-Feb-03. The dividend yield on the company stock is 5.30%, while its Forward Dividend ratio is 0.51. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest AMCR has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned AMCR a recommendation rating is 7. Out of them, 3 rate it a Hold, while 4 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Amcor Plc (AMCR) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.88, which symbolizes a positive outlook. A quick review shows that AMCR’s price is currently -3.87% off the SMA20 and -3.93% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.33, and weekly volatility stands at 2.26%. When measured over the past 30 days, the indicator reaches 2.02%. Amcor Plc (NYSE:AMCR)’s beta value is currently sitting at 0.80, while the Average True Range indicator is currently displaying 0.20. With analysts defining $10.8-$10.8 as the low and high price targets, we arrive at a consensus price target of $10.8 for the trailing 12-month period. The current price is about -13.33% off the estimated low and -13.33% off the forecast high, based on this estimate. Investors will be thrilled if AMCR’s share price rises to $10.8, which is the median consensus price. At that level, AMCR’s share price would be -13.33% below current price.
To see how Amcor Plc stock has been performing today in comparison to its peers in the industry, here are the numbers: AMCR stock’s performance was -0.21% at last check in today’s session, and 2.69% in the past year. Amcor Plc has a P/E ratio of 17.30.
An evaluation of the daily trading volume of Amcor Plc (NYSE:AMCR) indicates that the 3-month average is 21.56 million. However, this figure has increased over the past 10 days to an average of 27.55.
Currently, records show that 1.44 billion of the company’s shares remain outstanding. The insiders hold 0.40% of outstanding shares, whereasinstitutions hold 59.58%. The stats also highlight that short interest as of 2025-02-28, stood at 130.51 million shares, resulting in a short ratio of 5.76 at that time. From this, we can conclude that short interest is 907.00 of the company’s total outstanding shares. It is noteworthy that short shares in February were up slightly from the previous month’s figure, which was 98.8 million. However, since the stock’s price has seen 1.28% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
