Ranpak Holdings Corp (NYSE: PACK) has experienced a decline in its stock price by -14.26 compared to its previous closing price of 7.33. However, the company has seen a fall of -14.02% in its stock price over the last five trading days. The Motley Fool reported 2024-03-12 that Ranpak grew revenue more than expected and had its most profitable quarter of the year. The company expects growth in the coming year as well.
Is It Worth Investing in Ranpak Holdings Corp (NYSE: PACK) Right Now?
The 36-month beta value for PACK is at 2.36. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PACK is 72.06M, and currently, shorts hold a 1.97% of that float. The average trading volume for PACK on May 02, 2024 was 749.63K shares.
PACK’s Market Performance
PACK stock saw a decrease of -14.02% in the past week, with a monthly decline of -22.02% and a quarterly a decrease of 40.29%. The volatility ratio for the week is 3.55%, and the volatility levels for the last 30 days are 4.37% for Ranpak Holdings Corp (PACK). The simple moving average for the past 20 days is -14.61% for PACK’s stock, with a 18.80% simple moving average for the past 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 24, 2021 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 -5.33% 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 -24.18% of loss for the given period.
Volatility was left at 4.37%, however, over the last 30 days, the volatility rate increased by 3.55%, as shares sank -21.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.85% upper at present.
During the last 5 trading sessions, PACK fell by -16.69%, which changed the moving average for the period of 200-days by +21.07% in comparison to the 20-day moving average, which settled at $7.28. In addition, Ranpak Holdings Corp saw 7.99% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PACK starting from Siebert Mark A., who purchase 5 shares at the price of $4.10 back on Nov 28 ’23. After this action, Siebert Mark A. now owns 272 shares of Ranpak Holdings Corp, valued at $20 using the latest closing price.
Siebert Mark A., the MD, North America of Ranpak Holdings Corp, purchase 267 shares at $3.98 during a trade that took place back on Nov 27 ’23, which means that Siebert Mark A. is holding 267 shares at $1,063 based on the most recent closing price.
Stock Fundamentals for PACK
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.34 for the gross margin
The net margin for Ranpak Holdings Corp stands at -0.08. The total capital return value is set at -0.01. Equity return is now at value -4.57, with -2.40 for asset returns.
Based on Ranpak Holdings Corp (PACK), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is -0.3.
Currently, EBITDA for the company is 62.1 million with net debt to EBITDA at 6.63. When we switch over and look at the enterprise to sales, we see a ratio of 2.61. The receivables turnover for the company is 10.35for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.60.
Conclusion
In conclusion, Ranpak Holdings Corp (PACK) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
