The stock of Sealed Air Corp. (NYSE: SEE) has increased by 1.92 when compared to last closing price of 33.94. Despite this, the company has experienced a 4.72% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-04 that Converting to Sealed Air helps company use more recycled content in packaging materials CHARLOTTE, N.C., Sept. 4, 2024 /PRNewswire/ — Sealed Air (NYSE: SEE) is helping Best Buy (NYSE: BBY) through the introduction of packaging solutions that allow the company to use more recycled packaging content for shipping Best Buy products to consumers across North America.
Is It Worth Investing in Sealed Air Corp. (NYSE: SEE) Right Now?
The price-to-earnings ratio for Sealed Air Corp. (NYSE: SEE) is above average at 13.82x. The 36-month beta value for SEE is also noteworthy at 1.35. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SEE is 143.98M, and at present, short sellers hold a 3.68% of that float. The average trading volume of SEE on September 18, 2024 was 1.49M shares.
SEE’s Market Performance
SEE stock saw an increase of 4.72% in the past week, with a monthly gain of 4.34% and a quarterly increase of -5.49%. The volatility ratio for the week is 2.19%, and the volatility levels for the last 30 days are 2.08% for Sealed Air Corp. (SEE). The simple moving average for the past 20 days is 1.47% for SEE’s stock, with a -2.30% simple moving average for the past 200 days.
Analysts’ Opinion of SEE
Many brokerage firms have already submitted their reports for SEE stocks, with Morgan Stanley repeating the rating for SEE by listing it as a “Equal-Weight.” The predicted price for SEE in the upcoming period, according to Morgan Stanley is $39 based on the research report published on September 04, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see SEE reach a price target of $35, previously predicting the price at $47. The rating they have provided for SEE stocks is “Hold” according to the report published on August 09th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to SEE, setting the target price at $40 in the report published on July 19th of the current year.
SEE Trading at -0.74% from the 50-Day Moving Average
After a stumble in the market that brought SEE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.92% of loss for the given period.
Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares surge +2.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.09% upper at present.
During the last 5 trading sessions, SEE rose by +4.72%, which changed the moving average for the period of 200-days by +4.31% in comparison to the 20-day moving average, which settled at $34.13. In addition, Sealed Air Corp. saw -5.28% 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 SEE starting from Thomsen Jannick, who proposed sale 8,361 shares at the price of $32.76 back on Aug 13 ’24. After this action, Thomsen Jannick now owns shares of Sealed Air Corp., valued at $273,909 using the latest closing price.
Stock Fundamentals for SEE
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.29 for the gross margin
The net margin for Sealed Air Corp. stands at 0.07. The total capital return value is set at 0.14. Equity return is now at value 68.46, with 4.92 for asset returns.
Based on Sealed Air Corp. (SEE), the company’s capital structure generated 0.88 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 7.12. The interest coverage ratio of the stock is 2.87.
Currently, EBITDA for the company is 1.11 billion with net debt to EBITDA at 4.22. When we switch over and look at the enterprise to sales, we see a ratio of 1.72. The receivables turnover for the company is 8.25for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
In summary, Sealed Air Corp. (SEE) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
