Ardagh Metal Packaging S.A. (NYSE: AMBP): To Buy Or Not To Buy, That Is The Question

Newtyn Management LLC has recently announced that it has increased stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 2.69%. After grabbing 7.19 million shares, the institutional investor is now in possession of 0.19 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 1.20% having worth around $24.22 million. Moreover, Private Management Group, Inc. increased its share by 67860.0 to have a control over 5.17 million shares. And Philosophy Capital Management LLC raised its holdings to 0.48 million shares by acquiring 4.42 million shares or 0.74% of the stake.

Ardagh Metal Packaging S.A. (AMBP) concluded trading on 12/07/23 at a closing price of $3.93, with 2.7 million shares of worth about $10.61 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.15% during that period and on Thursday the price saw a gain of about 0.77%. Currently the company’s common shares owned by public are about 591.23M shares, out of which, 137.78M shares are available for trading.

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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the AMBP stock and their offered price forecasts bring an average price target of $3.99. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.20 and could fall to a lowest price of $3.75. The stock’s current price level is 1.5% above of average price target set by the analysts, while a rise to estimated low would result in loss of -4.8% for the stock. However, touching the estimated high of $4.20 would mean a gain of 6.43% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

Ardagh Metal Packaging S.A. (NYSE: AMBP) started trading at $3.88, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 3.9650, or with a gain of 0.77%. Stock saw a price change of -2.24% in past 5 days and over the past one month there was a price change of 10.08%. Year-to-date (YTD), AMBP shares are showing a performance of -18.30% which decreased to -14.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.57 but also hit the highest price of $5.90 during that period. The average intraday trading volume for Ardagh Metal Packaging S.A. shares is 1.61 million. The stock is currently trading 4.17% above its 20-day simple moving average (SMA20), while that difference is up 18.33% for SMA50 and it goes to 8.19% higher than SMA200.

Newtyn Management LLC acquired 7.19 million shares of Ardagh Metal Packaging S.A. having value of about $24.22 million. Data submitted at the U.S SEC by Newtyn Management LLC revealed that the firm now holds 0.19 million shares in the company valued at close to $739382.34, or have control over 2.69% stake in the company. Ardagh Metal Packaging S.A. (NYSE: AMBP) currently have 591.23M outstanding shares and institutions hold larger chunk of about 16.51% of that. Holding of mutual funds in the company is about 13.08% while other institutional holders and individual stake holders have control over 3.43% and — of the stake respectively.

The stock has a current market capitalization of $2.35B and its 3Y-monthly beta is at 0.80. PE ratio of stock for trailing 12 months is 130.56, while it has posted earnings per share of $0.03 in the same period. It has Quick Ratio of 0.79 while making debt-to-equity ratio of 15.62. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMBP, volatility over the week remained 3.70% while standing at 3.13% over the month.

Analysts are in expectations that Ardagh Metal Packaging S.A. (AMBP) stock would likely to be making an EPS of $0.04 in the current quarter, while forecast for next quarter EPS is $0.02 and it is $0.2 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -48.70% while it is estimated to increase by 48.68% in next year.

Analysts at 6 brokerage firms have issued recommendations for the Ardagh Metal Packaging S.A. (AMBP)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 6 Wall Street analysts, 1 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on July 10, 2023 offering a Neutral rating for the stock and assigned a target price range of between $5 and $4 to it.

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