AMBP Stock Summary and Trading Ideas (Ardagh Metal Packaging S.A. | NYSE:AMBP)

Ardagh Metal Packaging SA is a supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. Its segment includes Europe and the Americas. It derives a majority of its revenue from the Americas.

Ardagh Metal Packaging S.A. trades on the NYSE stock market under the symbol AMBP.

As of May 8, 2024, AMBP stock price climbed to $4.03 with 1,106,089 million shares trading.

AMBP has a beta of 0.77, meaning it tends to be less sensitive to market movements. AMBP has a correlation of 0.05 to the broad based SPY ETF.

AMBP has a market cap of $2.41 billion. This is considered a Mid Cap stock.

Last quarter Ardagh Metal Packaging S.A. reported $1 billion in Revenue and $.01 earnings per share. This fell short of revenue expectation by $-9 million and exceeded earnings estimates by $.01.

The top ETF exchange traded funds that AMBP belongs to (by Net Assets): IWP, EIRL, VYM, IWR, IWF.

AMBP stock has underperformed the market in the last year with a return of +15.7%, while SPY returned +26.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AMBP shares. However, AMBP has outperformed the market in the last 3 month and 2 week periods, returning +12.8% and +8.0%, while SPY returned +4.1% and +2.3%, respectively. This indicates AMBP has been having a stronger performance recently.

AMBP support price is $3.87 and resistance is $4.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMBP stock will trade within this expected range on the day.