This trade activity should not be overlooked: Ardagh Metal Packaging S.A. (AMBP)

Ardagh Metal Packaging S.A. (NYSE: AMBP) stock fell -5.57% on Friday to $5.43 against a previous-day closing price of $5.75. With 2.14 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.74 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $5.78 whereas the lowest price it dropped to was $5.42. The 52-week range on AMBP shows that it touched its highest point at $10.55 and its lowest point at $5.35 during that stretch. It currently has a 1-year price target of $7.96. With its current market cap of 3.25 billion, AMBP has annualized dividend of $0.80 while the current yield stands at 14.73%.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMBP was down-trending over the past week, with a drop of -3.72%, but this was down by -15.29% over a month. Three-month performance dropped to -9.95% while six-month performance fell -36.64%. The stock lost -46.45% in the past year, while it has lost -39.87% so far this year. A look at the trailing 12-month EPS for AMBP yields -0.01 with Next year EPS estimates of 0.43. For the next quarter, that number is 0.08. This implies an EPS growth rate of -289.20% for this year and 8.48% for next year.

Float and Shares Shorts:

At present, 603.30 million AMBP shares are outstanding with a float of 148.81 million shares on hand for trading. On Aug 30, 2022, short shares totaled 4.31 million, which was 0.72% higher than short shares on Jul 28, 2022. In addition to Mr. Oliver Graham as the firm’s CEO & Director, Mr. David Bourne serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 18.61% of AMBP’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.79% of AMBP, in contrast to 15.00% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in AMBP with 1.68% of the stake, Canyon Capital Advisors LLC holds 10,154,743 shares worth 10,154,743. A second-largest stockholder of AMBP, Brahman Capital Corp., holds 9,730,495 shares, controlling over 1.61% of the firm’s shares. Newtyn Management LLC is the third largest shareholder in AMBP, holding 6,025,000 shares or 1.00% stake.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMBP since 8 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMBP analysts setting a high price target of $9.00 and a low target of $6.50, the average target price over the next 12 months is $7.63. Based on these targets, AMBP could surge 65.75% to reach the target high and rise by 19.71% to reach the target low. Reaching the average price target will result in a growth of 40.52% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AMBP will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of $0.42 being high and $0.20 being low. For AMBP, this leads to a yearly average estimate of $0.38. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Ardagh Metal Packaging S.A. surprised analysts by $0.03 when it reported $0.11 EPS against a consensus estimate of $0.08. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $0.10 and the low estimate is $0.05. The average estimate for the next quarter is thus $0.08.

Summary of Insider Activity:

Insiders traded AMBP stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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