Amcor Plc (AMCR) average volume reaches $11.04M: Is Wall Street expecting a rally?

On Tuesday, Amcor Plc (NYSE: AMCR) was -1.12% drop from the session before settling in for the closing price of $9.84. A 52-week range for AMCR has been $8.78 – $11.48.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Consumer Cyclical Sector giant saw their annual sales surged by 8.38% over the last five years. When this article was written, the company’s average yearly earnings per share was at 5.28%. With a float of $1.44 billion, this company’s outstanding shares have now reached $1.44 billion.

The firm has a total of 41000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 20.11%, operating margin of 9.3%, and the pretax margin is 7.0%.

Amcor Plc (AMCR) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Amcor Plc stocks. The insider ownership of Amcor Plc is 0.38%, while institutional ownership is 55.20%. The most recent insider transaction that took place on Dec 03 ’24, was worth 64,756. In this transaction Director of this company sold 6,138 shares at a rate of $10.55, taking the stock ownership to the 43,814 shares. Before that another transaction happened on Dec 03 ’24, when Company’s Director sold 7,230 for $10.55, making the entire transaction worth $76,276. This insider now owns 52,911 shares in total.

Amcor Plc (AMCR) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 5.28% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.52% during the next five years compared to 6.70% growth over the previous five years of trading.

Amcor Plc (NYSE: AMCR) Trading Performance Indicators

You can see what Amcor Plc (AMCR) is doing with its current performance indicators. In the most recent 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 1.04. Likewise, its price to free cash flow for the trailing twelve months is 20.69.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.53, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 0.80 in one year’s time.

Technical Analysis of Amcor Plc (AMCR)

Analysing the last 5-days average volume posted by the [Amcor Plc, AMCR], we can find that recorded value of 15.28 million was better than the volume posted last year of 9.71 million. As of the previous 9 days, the stock’s Stochastic %D was 6.05%. Additionally, its Average True Range was 0.22.

During the past 100 days, Amcor Plc’s (AMCR) raw stochastic average was set at 15.87%, which indicates a significant increase from 6.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.42% in the past 14 days, which was lower than the 22.36% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $10.56, while its 200-day Moving Average is $10.22. Now, the first resistance to watch is $9.82. This is followed by the second major resistance level at $9.91. The third major resistance level sits at $9.99. If the price goes on to break the first support level at $9.65, it is likely to go to the next support level at $9.57. Should the price break the second support level, the third support level stands at $9.48.

Amcor Plc (NYSE: AMCR) Key Stats

There are 1,445,343K outstanding shares of the company, which has a market capitalization of 14.06 billion. As of now, sales total 13,640 M while income totals 730,000 K. Its latest quarter income was 3,353 M while its last quarter net income were 191,000 K.