Amcor Plc (NYSE: AMCR) is -2.49% lower on its value in year-to-date trading and has touched a low of $8.78 and a high of $11.48 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 $9.40 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $9.40, the stock is -7.19% and -10.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 39.57 million and changing 0.00% at the moment leaves the stock -8.01% off its SMA200. AMCR registered -2.29% loss for a year compared to 6-month gain of -6.09%. The firm has a 50-day simple moving average (SMA 50) of $10.4578 and a 200-day simple moving average (SMA200) of $10.2182.
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The stock witnessed a -9.09% loss in the last 1 month and extending the period to 3 months gives it a -15.16%, and is -5.05% down 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 1.87% over the week and 1.97% over the month.
Amcor Plc (AMCR) has around 41000 employees, a market worth around $13.59B and $13.55B in sales. Current P/E ratio is 17.72 and Fwd P/E is 11.83. Profit margin for the company is 5.65%. Distance from 52-week low is 7.06% and -18.12% from its 52-week high. The company has generated returns on investments over the last 12 months (6.61%).
with sales reaching $3.33B over the same period.The EPS is expected to grow by 5.20% this year, but quarterly earnings will post 2.04% year-over-year. Quarterly sales are estimated to grow 2.55% in year-over-year returns.
Amcor Plc (AMCR) Top Institutional Holders
The shares outstanding are 1.44B, and float is at 1.44B with Short Float at 3.12%.
The top institutional shareholder in the company is BLACKROCK INC. with over 94.89 million shares valued at $928.02 million. The investor’s holdings represent 6.5941% of the AMCR Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 91.95 million shares valued at $899.3 million to account for 6.3901 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 57.22 million shares representing 3.9761% and valued at over $559.58 million, while M&G PLC holds 3.2776 of the shares totaling 47.16 million with a market value of $471.64 million.
Amcor Plc (AMCR) Insider Activity
The most recent transaction is an insider sale by Bertone Andrea E., the company’s Director. SEC filings show that Bertone Andrea E. sold 6,138 shares of the company’s common stock on Dec 03 ’24 at a price of $10.55 per share for a total of $64756.0. Following the sale, the insider now owns 43814.0 shares.
Amcor Plc disclosed in a document filed with the SEC on Dec 03 ’24 that Long Nicholas T. (Director) sold a total of 7,230 shares of the company’s common stock. The trade occurred on Dec 03 ’24 and was made at $10.55 per share for $76276.0. Following the transaction, the insider now directly holds 52911.0 shares of the AMCR stock.
Still, SEC filings show that on Dec 03 ’24, Long Nicholas T. (Director) Proposed Sale 7,230 shares at an average price of $10.55 for $76280.0. The insider now directly holds shares of Amcor Plc (AMCR).
