The stock of Pactiv Evergreen Inc (PTVE) has seen a -12.62% decrease in the past week, with a -9.23% drop in the past month, and a -5.89% decrease in the past quarter. The volatility ratio for the week is 5.97%, and the volatility levels for the past 30 days are at 3.63% for PTVE. The simple moving average for the past 20 days is -8.80% for PTVE’s stock, with a 17.27% simple moving average for the past 200 days.
Is It Worth Investing in Pactiv Evergreen Inc (NASDAQ: PTVE) Right Now?
Additionally, the 36-month beta value for PTVE is 1.42. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for PTVE is 38.14M and currently, short sellers hold a 2.41% ratio of that float. The average trading volume of PTVE on May 06, 2024 was 361.05K shares.
PTVE) stock’s latest price update
Pactiv Evergreen Inc (NASDAQ: PTVE)’s stock price has dropped by -12.40 in relation to previous closing price of 15.49. Nevertheless, the company has seen a loss of -12.62% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-29 that Investors with an interest in Consumer Services – Miscellaneous stocks have likely encountered both Pactiv Evergreen Inc. (PTVE) and Mister Car Wash (MCW). But which of these two stocks presents investors with the better value opportunity right now?
Analysts’ Opinion of PTVE
Many brokerage firms have already submitted their reports for PTVE stocks, with Jefferies repeating the rating for PTVE by listing it as a “Buy.” The predicted price for PTVE in the upcoming period, according to Jefferies is $18 based on the research report published on January 19, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see PTVE reach a price target of $19. The rating they have provided for PTVE stocks is “Buy” according to the report published on January 16th, 2024.
Citigroup gave a rating of “Buy” to PTVE, setting the target price at $16 in the report published on January 03rd of the current year.
PTVE Trading at -4.81% from the 50-Day Moving Average
After a stumble in the market that brought PTVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.33% of loss for the given period.
Volatility was left at 3.63%, however, over the last 30 days, the volatility rate increased by 5.97%, as shares sank -8.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.93% lower at present.
During the last 5 trading sessions, PTVE fell by -12.62%, which changed the moving average for the period of 200-days by +61.36% in comparison to the 20-day moving average, which settled at $14.81. In addition, Pactiv Evergreen Inc saw -1.02% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PTVE
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.16 for the gross margin
The net margin for Pactiv Evergreen Inc stands at -0.0. The total capital return value is set at 0.04. Equity return is now at value -5.96, with -1.22 for asset returns.
Based on Pactiv Evergreen Inc (PTVE), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 2.93. The interest coverage ratio of the stock is 37.83.
Currently, EBITDA for the company is 797.0 million with net debt to EBITDA at 6.48. When we switch over and look at the enterprise to sales, we see a ratio of 1.2. The receivables turnover for the company is 11.05for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.02.
Conclusion
In conclusion, Pactiv Evergreen Inc (PTVE) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
