On November 20, 2023, Amcor Plc (NYSE: AMCR) opened at $9.34, remained unchanged from the last session. During the day, the shares moved up to $9.39 and dropped to $9.195 before settling in for the closing price of $9.37. Price fluctuations for AMCR have ranged from $8.45 to $12.78 over the past 52 weeks.
A company in the Consumer Cyclical sector has jumped its sales by 10.12% annually for the last half of the decade. Company’s average yearly earnings per share was noted -5.98% at the time writing. With a float of $1.44 billion, this company’s outstanding shares have now reached $1.45 billion.
In an organization with 41000 employees, it is important to assess its efficiency.
Amcor Plc (AMCR) Insider Updates
A key investor’s attitude towards the stock of the Packaging & Containers industry is another important factor to consider. The insider ownership of Amcor Plc is 0.32%, while institutional ownership is 52.35%. The most recent insider transaction that took place on Aug 23, was worth 282,026. In this transaction Director of this company sold 30,000 shares at a rate of $9.40, taking the stock ownership to the 45,072 shares. Before that another transaction happened on Dec 12, when Company’s Director sold 5,648 for $12.39, making the entire transaction worth $69,971. This insider now owns 75,072 shares in total.
Amcor Plc (AMCR) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.16 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.15) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -5.98% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.40% during the next five years compared to 7.36% growth over the previous five years of trading.
Amcor Plc (NYSE: AMCR) Trading Performance Indicators
Check out the current performance indicators for Amcor Plc (AMCR). In the past quarter, the stock posted a quick ratio of 0.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.94. Likewise, its price to free cash flow for the trailing twelve months is 15.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.65, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.74 in one year’s time.
Technical Analysis of Amcor Plc (AMCR)
Let’s dig in a bit further. During the last 5-days, its volume was 8.02 million. That was better than the volume of 7.76 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 87.89%. Additionally, its Average True Range was 0.17.
During the past 100 days, Amcor Plc’s (AMCR) raw stochastic average was set at 48.42%, which indicates a significant decrease from 95.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.05% in the past 14 days, which was higher than the 21.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.00, while its 200-day Moving Average is $10.04. However, in the short run, Amcor Plc’s stock first resistance to watch stands at $9.44. Second resistance stands at $9.51. The third major resistance level sits at $9.64. If the price goes on to break the first support level at $9.25, it is likely to go to the next support level at $9.12. Assuming the price breaks the second support level, the third support level stands at $9.05.
Amcor Plc (NYSE: AMCR) Key Stats
There are currently 1,445,343K shares outstanding in the company with a market cap of 13.54 billion. Presently, the company’s annual sales total 14,694 M according to its annual income of 1,048 M. Last quarter, the company’s sales amounted to 3,443 M and its income totaled 152,000 K.