Amcor Plc (NYSE: AMCR) on Friday, plunged -0.63% from the previous trading day, before settling in for the closing price of $11.07. Within the past 52 weeks, AMCR’s price has moved between $8.51 and $11.48.
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A company in the Consumer Cyclical sector has jumped its sales by 8.38% annually for the last half of the decade. The company achieved an average annual earnings per share of 6.10%. With a float of $1.44 billion, this company’s outstanding shares have now reached $1.44 billion.
In an organization with 41000 employees, it is important to assess its efficiency. 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 Updates
Observing investor behavior towards Packaging & Containers industry stocks is more important than anything else. The insider ownership of Amcor Plc is 0.37%, while institutional ownership is 55.93%. The most recent insider transaction that took place on Sep 03 ’24, was worth 90,960. In this transaction V.P. & CORPORATE CONTROLLER of this company sold 8,000 shares at a rate of $11.37, taking the stock ownership to the 38,533 shares. Before that another transaction happened on Feb 09 ’24, when Company’s Director sold 25,000 for $9.02, making the entire transaction worth $225,444. This insider now owns 75,424 shares in total.
Amcor Plc (AMCR) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.16 earnings per share (EPS) for the period topping the consensus outlook (set at 0.15) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.71% during the next five years compared to 6.70% growth over the previous five years of trading.
Amcor Plc (NYSE: AMCR) Trading Performance Indicators
Amcor Plc (AMCR) is currently performing well based on its current performance indicators. A quick ratio of 0.69 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.17. Likewise, its price to free cash flow for the trailing twelve months is 19.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.50, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 0.79 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 5.29 million. That was inferior than the volume of 8.81 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 21.60%. Additionally, its Average True Range was 0.15.
During the past 100 days, Amcor Plc’s (AMCR) raw stochastic average was set at 76.47%, which indicates a significant increase from 14.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.87% in the past 14 days, which was lower than the 17.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.11, while its 200-day Moving Average is $10.03. However, in the short run, Amcor Plc’s stock first resistance to watch stands at $11.05. Second resistance stands at $11.11. The third major resistance level sits at $11.14. If the price goes on to break the first support level at $10.96, it is likely to go to the next support level at $10.93. Assuming the price breaks the second support level, the third support level stands at $10.87.
Amcor Plc (NYSE: AMCR) Key Stats
Market capitalization of the company is 15.90 billion based on 1,445,343K outstanding shares. Right now, sales total 13,640 M and income totals 730,000 K. The company made 3,535 M in profit during its latest quarter, and 257,000 K in sales during its previous quarter.
