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Ranpak Holdings Corp. (PACK) Reveals an Earnings Mystery

Ranpak Holdings Corp. (NYSE:PACK) went up by 6.64% from its latest closing price compared to the recent 1-year high of $42.97. The company’s stock price has collected -22.74% of loss in the last five trading sessions.

Is It Worth Investing in Ranpak Holdings Corp. (NYSE :PACK) Right Now?

Plus, the 36-month beta value for PACK is at 1.40. Opinions of the stock are interesting as 3 analysts out of 5 who provided ratings for Ranpak Holdings Corp. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $15.80, which is $8.5 above the current price. PACK currently public float of 76.51M and currently shorts hold a 4.68% ratio of that float. Today, the average trading volume of PACK was 897.89K shares.

PACK’s Market Performance

PACK stocks went down by -22.74% for the week, with a monthly drop of -22.51% and a quarterly performance of -65.61%, while its annual performance rate touched -79.59%. The volatility ratio for the week stands at 13.77% while the volatility levels for the past 30 days are set at 8.49% for Ranpak Holdings Corp. The simple moving average for the period of the last 20 days is -12.97% for PACK stocks with a simple moving average of -76.57% for the last 200 days.

Analysts’ Opinion of PACK

Many brokerage firms have already submitted their reports for PACK stocks, with Goldman repeating the rating for PACK by listing it as a “Neutral.” The predicted price for PACK in the upcoming period, according to Goldman is $32 based on the research report published on August 24th of the previous year 2021.

Robert W. Baird, on the other hand, stated in their research note that they expect to see PACK reach a price target of $30. The rating they have provided for PACK stocks is “Outperform” according to the report published on August 10th, 2021.

Berenberg gave a rating of “Buy” to PACK, setting the target price at $24 in the report published on April 26th of the previous year.

PACK Trading at -35.40% from the 50-Day Moving Average

After a stumble in the market that brought PACK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.67% of loss for the given period.

Volatility was left at 8.49%, however, over the last 30 days, the volatility rate increased by 13.77%, as shares sank -19.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.82% lower at present.

During the last 5 trading sessions, PACK fell by -22.74%, which changed the moving average for the period of 200-days by -82.35% in comparison to the 20-day moving average, which settled at $6.03. In addition, Ranpak Holdings Corp. saw -85.90% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PACK starting from ASALI OMAR, who purchase 100,000 shares at the price of $5.04 back on Aug 02. After this action, ASALI OMAR now owns 2,184,273 shares of Ranpak Holdings Corp., valued at $504,000 using the latest closing price.

Tranen Alicia M., the Director of Ranpak Holdings Corp., purchase 60,000 shares at $5.05 during a trade that took place back on Aug 01, which means that Tranen Alicia M. is holding 25,000 shares at $302,800 based on the most recent closing price.

Stock Fundamentals for PACK

Current profitability levels for the company are sitting at:

  • +3.18 for the present operating margin
  • +29.67 for the gross margin

The net margin for Ranpak Holdings Corp. stands at -0.73. Equity return is now at value -4.70, with -2.40 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 2.68.

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