At the last check on Friday, Ranpak Holdings Corp.’s (NYSE:PACK) stock was up $0.6, moving up 9.47 percent to $6.99. The average number of shares traded per day over the past five days has been 571,697 shares. 3 times new highs have been achieved over the past 5 days, with a $0.86 gain in that time frame. In the last twenty days, the average volume was 455,499, while in the previous 50 days, it was 491,178.
Since last month, PACK stock rose 68.55%. Shares of the company fell to $4.11 on 07/06/23, the lowest level in the past month. A 52-week high of $8.24 was reached on 02/07/23 after having rallying from a 52-week low of $2.66. Since the beginning of this year, PACK’s stock price has risen by 21.23% or $1.19, and marked a new high 14 times. However, the stock has declined by -15.11% since its 52-week high.
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PACK stock investors should be aware that Ranpak Holdings Corp. (PACK) stock had its last reported insider trading activity 57 days ago on Jun 08. Seshadri Salil, the Director of the company, purchased of 5,125 shares for $4.33 on Jun 08. It resulted in a $22,174 investment by the insider. Seshadri Salil added 94,875 shares at an average price of $4.20 on Jun 07. The insider now owns 463,557 shares following the transaction. On May 10, CEO and Executive Chairman ASALI OMAR bought 18,940 shares at $3.30 apiece. The transaction was valued at $62,502.
Valuation Metrics
The stock’s beta is 1.75. Besides these, the trailing price-to-sales (P/S) ratio of 1.71, the price-to-book (PB) ratio of 0.95.
Financial Health
In the three months ended June 29, Ranpak Holdings Corp.’s quick ratio stood at 2.70, while its current ratio was 3.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.65, and the total debt-to-equity ratio was 0.66. On the profitability front, the trailing twelve-month gross margin is 31.50% percent. In the year ended June 29, EBITDA margin amounted to 8.12%, whereas operating margins totaled -11.60%. Based on annual data, PACK earned $99.6 million in gross profit and brought in $326.5 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -2.70%. Return on equity (ROE) for the past 12 months was -6.50%.
In Ranpak Holdings Corp.’s quarter-end financial report for June 29, it reported total debt of $394.3 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PACK’s revenue fell -5.98% to $81.2 million during the quarter, while net income inched up to $81.9 million. While analysts expected Ranpak Holdings Corp. to report -$0.09 quarterly earnings, the actual figure was -$0.03 per share, beating the consensus estimate by 66.70%. During the quarter, the company generated $10.4 million in EBITDA. The liabilities of Ranpak Holdings Corp. were 545.6 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $82.41 million.
Technical Picture
This quick technical analysis looks at Ranpak Holdings Corp.’s (PACK) price momentum. With a historical volatility rate of 87.60%, the RSI 9-day stood at 75.95% on 03 August.
With respect to its five-day moving average, the current Ranpak Holdings Corp. price is up by +14.10% percent or $0.86. At present, PACK shares trade +60.00% above its 20-day simple moving average and +48.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately +97.73% above its SMA50 and +112.84% above its SMA200.
Stochastic coefficient K was 81.74% and Stochastic coefficient D was 77.56%, while ATR was 0.45. Given the Stochastic reading of 95.97% for the 14-day period, the RSI (14) reading has been calculated as 73.57%. As of today, the MACD Oscillator reading stands at 0.27, while the 14-day reading stands at 0.60.
Analyst Ratings
Goldman launched its rating on Ranpak Holdings Corp. (NYSE: PACK) to a Neutral in a note to investors on August 24, 2021. Ranpak Holdings Corp. (PACK) has been rated Overweight by analysts. According to 0 brokerage firms, PACK is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Ranpak Holdings Corp. stock as buy, with 1 recommending it as overweight.
With a median target price of $8.00, the current consensus forecast for the stock is $5.00 – $9.00. Based on these forecasts, analysts predict Ranpak Holdings Corp. (PACK) will achieve an average price target of $7.33.
