Closing Strong: Amcor Plc (AMCR) Ends at 9.88, Down -0.90 from Last Close

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After finishing at $9.97 in the prior trading day, Amcor Plc (NYSE: AMCR) closed at $9.88, down -0.90%. In other words, the price has decreased by -$0.90 from its previous closing price. On the day, 7.12 million shares were traded. AMCR stock price reached its highest trading level at $9.965 during the session, while it also had its lowest trading level at $9.85.

Ratios:

Our goal is to gain a better understanding of AMCR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.77. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 1.94 whereas as Long-Term Debt/Eq ratio is at 1.91.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on July 10, 2023, Downgraded its rating to Underperform and sets its target price to $9 from $12.40 previously.

On May 03, 2023, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also lowered its target price recommendation from $11.60 to $10.80.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 09 ’24 when Roegner Eric V bought 1,560 shares for $9.10 per share. The transaction valued at 14,197 led to the insider holds 520 shares of the business.

Guerra Karen Jane sold 25,000 shares of AMCR for $225,444 on Feb 09 ’24. The Director now owns 75,424 shares after completing the transaction at $9.02 per share. On Dec 01 ’23, another insider, NAYAR ARUN, who serves as the Director of the company, sold 10,261 shares for $9.39 each. As a result, the insider received 96,351 and left with 52,527 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMCR now has a Market Capitalization of 14279959552 and an Enterprise Value of 21631111168. As of this moment, Amcor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.95, and their Forward P/E ratio for the next fiscal year is 13.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 3.62. Its current Enterprise Value per Revenue stands at 1.57 whereas that against EBITDA is 11.574.

Stock Price History:

The Beta on a monthly basis for AMCR is 0.87, which has changed by 0.0010131598 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, AMCR has reached a high of $10.51, while it has fallen to a 52-week low of $8.45. The 50-Day Moving Average of the stock is 1.49%, while the 200-Day Moving Average is calculated to be 5.25%.

Shares Statistics:

The stock has traded on average 7.81M shares per day over the past 3-months and 5514530 shares per day over the last 10 days, according to various share statistics. A total of 1.45B shares are outstanding, with a floating share count of 1.44B. Insiders hold about 0.35% of the company’s shares, while institutions hold 53.83% stake in the company. Shares short for AMCR as of 1715731200 were 26141948 with a Short Ratio of 2.62, compared to 1713139200 on 25905635. Therefore, it implies a Short% of Shares Outstanding of 26141948 and a Short% of Float of 1.82.

Dividends & Splits

In the trailing 12 months, AMCR’s forward annual dividend rate was 0.498, compared to 0.50 this year. Against a Trailing Annual Dividend Yield of 0.049949847

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