Amcor Plc (NYSE: AMCR) is -1.66% lower on its value in year-to-date trading and has touched a low of $8.45 and a high of $11.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMCR stock was last observed hovering at around $9.43 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $9.48, the stock is 2.91% and 1.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 28.52 million and changing 0.53% at the moment leaves the stock 0.14% off its SMA200. AMCR registered -11.73% loss for a year compared to 6-month loss of -0.52%. The firm has a 50-day simple moving average (SMA 50) of $1.48 and a 200-day simple moving average (SMA200) of $11.93.
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The stock witnessed a 5.92% gain in the last 1 month and extending the period to 3 months gives it a -2.67%, and is 1.28% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.68% over the week and 1.68% over the month.
Amcor Plc (AMCR) has around 41000 employees, a market worth around $13.70B and $14.04B in sales. Current P/E ratio is 21.54 and Fwd P/E is 12.90. Profit margin for the company is 4.55%. Distance from 52-week low is 12.19% and -16.77% from its 52-week high. The company has generated returns on investments over the last 12 months (5.57%).
Amcor Plc quarterly earnings per share for the current quarter are estimated at $0.16 with sales reaching $3.5B over the same period.The EPS is expected to shrink by -6.73% this year, but quarterly earnings will post -5.60% year-over-year.
Amcor Plc (AMCR) Top Institutional Holders
838 institutions hold shares in Amcor Plc (AMCR), with institutional investors hold 52.50% of the company’s shares. The shares outstanding are 1.45B, and float is at 1.44B with Short Float at 1.62%. Institutions hold 52.34% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 112.53 million shares valued at $1.12 billion. The investor’s holdings represent 7.78% of the AMCR Shares outstanding. As of Jun 29, 2023, the second largest holder is State Street Corporation with 105.69 million shares valued at $1.05 billion to account for 7.31% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 56.15 million shares representing 3.88% and valued at over $560.41 million, while Geode Capital Management, LLC holds 2.16% of the shares totaling 31.25 million with a market value of $311.92 million.
Amcor Plc (AMCR) Insider Activity
The most recent transaction is an insider purchase by Roegner Eric V,the company’sPRESIDENT,AMCOR RIGID PKG. SEC filings show that Roegner Eric V bought 1,560 shares of the company’s common stock on Feb 09 ’24 at a price of $9.10 per share for a total of $14197.0. Following the purchase, the insider now owns 520.0 shares.
Amcor Plc disclosed in a document filed with the SEC on Feb 09 ’24 that Guerra Karen Jane (Director) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Feb 09 ’24 and was made at $9.02 per share for $0.23 million. Following the transaction, the insider now directly holds 75424.0 shares of the AMCR stock.
Still, SEC filings show that on Dec 01 ’23, NAYAR ARUN (Director) disposed off 10,261 shares at an average price of $9.39 for $96351.0. The insider now directly holds 52,527 shares of Amcor Plc (AMCR).
