On Friday, Amcor Plc (NYSE: AMCR) opened higher 1.15% from the last session, before settling in for the closing price of $11.31. Price fluctuations for AMCR have ranged from $8.45 to $11.33 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 8.38% over the past five years. Company’s average yearly earnings per share was noted 6.02% at the time writing. With a float of $1.44 billion, this company’s outstanding shares have now reached $1.44 billion.
Let’s look at the performance matrix of the company that is accounted for 41000 employees. In terms of profitability, gross margin is 19.88%, operating margin of 8.93%, and the pretax margin is 6.65%.
Amcor Plc (AMCR) Insider and Institutional Ownership
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 0.35%, while institutional ownership is 56.67%. The most recent insider transaction that took place on Feb 09 ’24, was worth 225,444. In this transaction Director of this company sold 25,000 shares at a rate of $9.02, taking the stock ownership to the 75,424 shares. Before that another transaction happened on Feb 09 ’24, when Company’s PRESIDENT,AMCOR RIGID PKG bought 1,560 for $9.10, making the entire transaction worth $14,197. This insider now owns 520 shares in total.
Amcor Plc (AMCR) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 6.02% 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 6.70% 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 0.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.21. Likewise, its price to free cash flow for the trailing twelve months is 19.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.50, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 0.79 in one year’s time.
Technical Analysis of Amcor Plc (AMCR)
Amcor Plc (NYSE: AMCR) saw its 5-day average volume 5.53 million, a negative change from its year-to-date volume of 9.19 million. As of the previous 9 days, the stock’s Stochastic %D was 97.17%. Additionally, its Average True Range was 0.19.
During the past 100 days, Amcor Plc’s (AMCR) raw stochastic average was set at 99.62%, which indicates a significant increase from 99.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.89% in the past 14 days, which was lower than the 23.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.33, while its 200-day Moving Average is $9.72. Nevertheless, the first resistance level for the watch stands at $11.50 in the near term. At $11.55, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.66. If the price goes on to break the first support level at $11.34, it is likely to go to the next support level at $11.23. The third support level lies at $11.18 if the price breaches the second support level.
Amcor Plc (NYSE: AMCR) Key Stats
There are currently 1,445,343K shares outstanding in the company with a market cap of 16.53 billion. Presently, the company’s annual sales total 13,640 M according to its annual income of 730,000 K. Last quarter, the company’s sales amounted to 3,535 M and its income totaled 257,000 K.
