Ardagh Metal Packaging S.A. (NYSE: AMBP) stock jumped 0.53% on Monday to $3.80 against a previous-day closing price of $3.78. With 1.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.42 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $3.8100 whereas the lowest price it dropped to was $3.7000. The 52-week range on AMBP shows that it touched its highest point at $5.90 and its lowest point at $2.57 during that stretch. It currently has a 1-year price target of $3.73. With its current market cap of 2.27 billion, AMBP has annualized dividend of $0.40 while the current yield stands at 10.65%. Beta for the stock currently stands at 0.74.
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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 up-trending over the past week, with a rise of 8.57%, but this was up by 45.04% over a month. Three-month performance surged to 10.79% while six-month performance rose 5.56%. The stock lost -13.24% in the past year, while it has lost -21.00% so far this year. A look at the trailing 12-month EPS for AMBP yields 0.03 with Next year EPS estimates of 0.23. For the next quarter, that number is 0.04. This implies an EPS growth rate of -48.70% for this year and 48.68% for next year.
Float and Shares Shorts:
At present, 591.23 million AMBP shares are outstanding with a float of 137.78 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.14 million, which was 1.03% higher than short shares on Sep 28, 2023. 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 17.98% of AMBP’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.38% of AMBP, in contrast to 13.13% held by mutual funds. As the largest shareholder in AMBP with 1.70% of the stake, Canyon Capital Advisors LLC holds 10,154,743 shares worth 10,154,743. A second-largest stockholder of AMBP, Newtyn Management LLC, holds 7,188,138 shares, controlling over 1.20% of the firm’s shares. Massachusetts Financial Services is the third largest shareholder in AMBP, holding 6,266,653 shares or 1.05% stake.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMBP since 0 analysts follow the stock currently. 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 $4.00 and a low target of $2.95, the average target price over the next 12 months is $3.73. Based on these targets, AMBP could surge 5.26% to reach the target high and fall by -22.37% to reach the target low. Reaching the average price target will result in a decline of -1.84% from current levels.
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.
