In the past week, PACK stock has gone up by 10.33%, with a monthly gain of 3.12% and a quarterly plunge of -11.38%. The volatility ratio for the week is 3.73%, and the volatility levels for the last 30 days are 3.92% for Ranpak Holdings Corp The simple moving average for the last 20 days is 8.65% for PACK’s stock, with a simple moving average of 22.42% for the last 200 days.
Is It Worth Investing in Ranpak Holdings Corp (NYSE: PACK) Right Now?
Moreover, the 36-month beta value for PACK is 2.37. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PACK is 73.20M and currently, short sellers hold a 1.57% of that float. On June 20, 2024, PACK’s average trading volume was 445.24K shares.
PACK) stock’s latest price update
Ranpak Holdings Corp (NYSE: PACK) has experienced a rise in its stock price by 16.14 compared to its previous closing price of 5.70. However, the company has seen a gain of 10.33% in its stock price over the last five trading days. prnewswire.com reported 2024-06-13 that MONTREAL, June 13, 2024 /PRNewswire/ – The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today the successful final certification for its heavy-duty (“HD”) battery pack, the LionBattery HD, a lithium-ion battery pack specifically designed for the Company’s purpose-built heavy-duty trucks. Lion, in collaboration with third-party testing partners, conducted stringent testing to meet the certification requirements.
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 -0.97% 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 -20.13% of loss for the given period.
Volatility was left at 3.92%, however, over the last 30 days, the volatility rate increased by 3.73%, as shares sank -1.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.14% lower at present.
During the last 5 trading sessions, PACK rose by +8.68%, which changed the moving average for the period of 200-days by +4.84% in comparison to the 20-day moving average, which settled at $6.09. In addition, Ranpak Holdings Corp saw 13.75% 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 Jones Michael Anthony, who sale 15,625 shares at the price of $6.41 back on May 30 ’24. After this action, Jones Michael Anthony now owns 214,859 shares of Ranpak Holdings Corp, valued at $100,156 using the latest closing price.
Siebert Mark A., the MD, North America of Ranpak Holdings Corp, purchase 5 shares at $4.10 during a trade that took place back on Nov 28 ’23, which means that Siebert Mark A. is holding 272 shares at $20 based on the most recent closing price.
Stock Fundamentals for PACK
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.32 for the gross margin
The net margin for Ranpak Holdings Corp stands at -0.07. The total capital return value is set at -0.0. Equity return is now at value -3.92, with -2.02 for asset returns.
Based on Ranpak Holdings Corp (PACK), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is -0.14.
Currently, EBITDA for the company is 62.1 million with net debt to EBITDA at 5.99. When we switch over and look at the enterprise to sales, we see a ratio of 2.62. The receivables turnover for the company is 9.03for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.44.
Conclusion
To wrap up, the performance of Ranpak Holdings Corp (PACK) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
