Amcor (AMC.AX, ASX) up 381.47% intraday 23 Jan 2026: catalysts and outlook
The most important intraday move: Amcor plc (AMC.AX, ASX) is trading at A$62.35 after a +381.47% intraday rise on 23 Jan 2026 as the market reacts to an upcoming fiscal results schedule and valuation re-rating. AMC.AX stock spiked from a previous close of A$12.95 and is trading within a day range A$62.34–A$63.58 on volume of 367,911 shares. The jump followed the company’s announcement of its fiscal 2026 Q2 and half-year results date and has pushed trading focus to earnings, cash flow and debt metrics ahead of the 3 February release.
AMC.AX stock intraday move and drivers
Price action is clear: AMC.AX stock rose to A$62.35, up A$49.40 from the previous close of A$12.95 on 23 Jan 2026. One immediate driver is the company’s confirmation of a 3 February 2026 results release and investor webcast, which often lifts speculative trading ahead of earnings. Volume is elevated at 367,911 versus a 30-day average of 550,018, suggesting active repositioning by traders and funds.
AMC.AX stock fundamentals and valuation
Fundamentals show mixed signals for AMC.AX stock: trailing EPS is A$2.25, giving a PE of 27.71 at the current price. Book value per share is A$36.91 and price-to-book is 1.16, placing Amcor near sector peers on PB but above some cyclicals on PE. The company reports a trailing dividend per share of A$2.73, implying a yield near 6.39% on older pricing, though payout ratios and cash cover require scrutiny given net debt levels.
AMC.AX stock financial health and cash flow metrics
Amcor’s cash flow metrics show operating cash flow per share of A$4.80 and free cash flow per share of A$3.71, indicating cash conversion but with leverage. Debt-to-equity is 1.35 and netDebt/EBITDA sits near 6.94, which raises interest coverage concerns with an interest coverage ratio of 2.38. These figures explain why some analysts flag balance sheet risk even as cash generation supports dividends.
Meyka AI rates AMC.AX stock and technical signals
Meyka AI rates AMC.AX with a score out of 100: 64.45 (Grade B), suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Technical indicators are mixed for AMC.AX stock: RSI sits at 44.71, ADX at 15.24 (no trend) and short-term moving averages are below the 50- and 200-day averages, suggesting follow-through will need volume confirmation.
AMC.AX stock earnings calendar and news catalysts
The company will report fiscal 2026 Q2 and half-year results after US markets close on 3 February 2026, with a webcast at 9:30am AEDT on 4 February. Market participants are pricing in headline catalysts: revenue trends in flexible and rigid packaging, margins, and guidance for the second half. See the official release for details Amcor results PR and the company quote on financial news sites CNBC.
AMC.AX stock outlook: risks and opportunities
Opportunity: Amcor’s diversified packaging mix and innovation in sustainable materials support steady revenue per share of A$54.75 and a reasonable price-to-sales of 1.13. Risk: high net debt and an interest coverage ratio of 2.38 raise downside in a slower demand environment. Near term, AMC.AX stock will be sensitive to the half-year earnings print, commentary on margins, and any changes to capital allocation or dividend signals.
Final Thoughts
Key takeaways for AMC.AX stock: the intraday A$62.35 price reflects a speculative rerating into the company’s announced results window, but fundamentals temper enthusiasm. Amcor shows solid revenue per share (A$54.75) and cash flow per share (A$3.71 free cash flow), yet leverage is material with netDebt/EBITDA at 6.94 and interest coverage 2.38. Meyka AI’s forecast model projects A$43.37 (1-month) and A$13.68 (1-year) price levels, implying a short-term downside of -30.44% and a one-year downside of -78.03% versus the current A$62.35. Forecasts are model-based projections and not guarantees. Traders focused on top gainers should consider liquidity and event risk ahead of the 3 February results, while longer-term investors should weigh dividend yield, cash flow, and the path to debt reduction before changing positions. Meyka AI provides this as an AI-powered market analysis platform perspective, not financial advice.
FAQs
Why did AMC.AX stock spike intraday on 23 Jan 2026?
AMC.AX stock spiked after Amcor confirmed its fiscal 2026 Q2 and half-year results date and webcast. Market participants typically reprice shares ahead of earnings. Elevated volume of 367,911 suggests active repositioning rather than a routine tick up.
What are the main risks for AMC.AX stock after the move?
Main risks include high net leverage with netDebt/EBITDA near 6.94, an interest coverage ratio of 2.38, and possible margin headwinds. A weak half-year result or conservative guidance could reverse the intraday gains.
How does valuation look for AMC.AX stock today?
At A$62.35, AMC.AX stock trades at a PE of 27.71 and PB about 1.16. Price-to-sales is 1.13 and free cash flow yield is roughly 6.00%. These metrics sit mixed versus consumer cyclical peers.
When will Amcor report results and where can I listen?
Amcor will report results after US market close on 3 February 2026 with a webcast at 9:30am AEDT on 4 February. Investor access details are on Amcor’s investor site and the PR release [Amcor results PR](https://www.prnewswire.com/news-releases/amcor-to-report-fiscal-2026-second-quarter-and-half-year
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
