Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Amcor Plc’s current trading price is -12.28% away from its 52-week high, while its distance from the 52-week low is 14.43%. The stock’s price range during this period has varied between $8.80 and $11.48. The company, active in the Consumer Cyclical sector, saw a trading volume of around 10.33 million for the day, considerably lower average daily volume of 18.1 million observed over the last three months.
Amcor Plc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $11.48 on 09/27/24, while the lowest price during the same period was $8.80 on 04/16/24.
How Financial Performance Impacts Market Capitalization
Amcor Plc (AMCR) has experienced a quarterly decline of -1.18% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 14.55B and boasts a workforce of 41000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 10.29, with a change in price of -0.83. Similarly, Amcor Plc recorded 13,837,181 in trading volume during the last 100 days, posting a change of -7.61%.
How AMCR’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for AMCR stands at 1.96. Similarly, the long-term debt-to-equity ratio is also 1.93.
AMCR Stock Stochastic Average
As of today, the raw stochastic average of Amcor Plc over the last 50 days is at 58.80%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 69.43%. Further, the company’s Stochastic %K and %D values for the last 20 days were 67.70% and 66.22%, respectively.
AMCR Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a gain of 7.01%.However, over the last six months, we can see a stronger performance of -5.53%. Over the last 30 days, the price of AMCR has fallen by 4.79%. And in the last five days, it has surged by 0.50%.
