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After finishing at $9.58 in the prior trading day, Amcor Plc (NYSE: AMCR) closed at $9.62, up 0.42%. In other words, the price has increased by $0.42 from its previous closing price. On the day, 4.64 million shares were traded. AMCR stock price reached its highest trading level at $9.72 during the session, while it also had its lowest trading level at $9.585.
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 30.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.31. 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 this company, Wells Fargo on June 28, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $9.80.
On July 10, 2023, BofA Securities Downgraded its rating to Underperform which previously was Buy and also lowered its target price recommendation from $12.40 to $9.
JP Morgan Upgraded its Neutral to Overweight on May 03, 2023, whereas the target price for the stock was revised 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 13904171008 and an Enterprise Value of 21255581696. As of this moment, Amcor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.37, and their Forward P/E ratio for the next fiscal year is 12.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.01 while its Price-to-Book (P/B) ratio in mrq is 3.52. Its current Enterprise Value per Revenue stands at 1.543 whereas that against EBITDA is 11.373.
Stock Price History:
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 -2.66%, while the 200-Day Moving Average is calculated to be 2.28%.
Shares Statistics:
The stock has traded on average 8.04M shares per day over the past 3-months and 7790020 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 53.68% stake in the company. Shares short for AMCR as of 1718323200 were 17322711 with a Short Ratio of 2.15, compared to 1715731200 on 26141948. Therefore, it implies a Short% of Shares Outstanding of 17322711 and a Short% of Float of 1.2.
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 0.051983297
