Taking this into account, BofA Securities upgraded its Ardagh Metal Packaging S.A. [AMBP] rating to a Buy from a an Underperform in a research note published on October 17, 2024; the price target was increased to $5.10 from $3.80. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid October from “an Equal weight” to “an Overweight”. UBS also remained covering AMBP and has decreased its forecast on July 17, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on April 01, 2024. It rated AMBP as “an Underperform” which previously was an “a Neutral”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of AMBP
On Tuesday, Ardagh Metal Packaging S.A. [NYSE:AMBP] saw its stock jump 2.19% to $3.74. Over the last five days, the stock has lost -11.16%. Ardagh Metal Packaging S.A. shares have fallen nearly -2.60% since the year began. Nevertheless, the stocks have risen 15.08% over the past one year. While a 52-week high of $4.26 was reached on 10/18/24, a 52-week low of $3.16 was recorded on 08/12/24. SMA at 50 days reached $3.71, while 200 days put it at $3.65.
Levels Of Support And Resistance For AMBP Stock
The 24-hour chart illustrates a support level at 3.62, which if violated will result in even more drops to 3.51. On the upside, there is a resistance level at 3.83. A further resistance level may holdings at 3.93. The Relative Strength Index (RSI) on the 14-day chart is 45.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.79%. Stochastics %K at 12.36% indicates the stock is a buying.
How much short interest is there in Ardagh Metal Packaging S.A.?
A steep rise in short interest was recorded in Ardagh Metal Packaging S.A. stocks on 2024-10-15, dropping by -1.63 million shares to a total of 2.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.51 million shares. There was a decline of -56.86%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 18, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Underweight”‘ rating along with a $3.20 price target.
