Ardagh Metal Packaging S.A (NYSE:AMBP) price is hovering higher on current market day and jumping 1.93% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $4.15. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.26 and 52-week low of $2.50. The stock added 13.40% on its value in the past month.
Ardagh Metal Packaging S.A, which has a market valuation of $2.53 billion, is expected to release its quarterly earnings report in July. The company stock has a Forward Dividend ratio of 0.50, while the dividend yield is 11.82%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 5 analysts have assigned AMBP a recommendation rating as follows: 3 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Ardagh Metal Packaging S.A (AMBP) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that AMBP’s price is at present 8.32% off the SMA20 and 22.11% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 76.44, with weekly volatility standing at 2.53%. The indicator jumps to 1.83% when calculated based on the past 30 days. Ardagh Metal Packaging S.A (NYSE:AMBP)’s beta value is holding at 0.54, while the average true range (ATR) indicator is currently reading 0.13. Considering analysts have assigned the stock a price target range of $2.75-$2.75 as the low and high respectively, we find the trailing 12-month average consensus price target to be $2.75. Based on this estimate, we see that today’s price at last check is roughly 34.99% off the estimated low and 34.99% off the forecast high. Investors will no doubt be excited to see the share price rise to $2.75, which is the median consensus price, and at that level AMBP would be 34.99% from recent price.
An analysis of the Ardagh Metal Packaging S.A (NYSE:AMBP) stock in terms of its daily trading volume indicates that the 3-month average is 2.13 million.
Current records show that the company has 597.70M in outstanding shares. The insiders’ percentage holdings are 76.94% of outstanding shares while the percentage share held by institutions stands at 18.31%. But the 40.53% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
