In the past week, PTVE stock has gone up by 0.40%, with a monthly gain of 19.48% and a quarterly surge of 51.99%. The volatility ratio for the week is 0.66%, and the volatility levels for the last 30 days are 0.66% for Pactiv Evergreen Inc The simple moving average for the past 20 days is 0.90% for PTVE’s stock, with a 35.87% 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 1.24. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for PTVE is 38.30M and currently, short sellers hold a 2.48% ratio of that float. The average trading volume of PTVE on January 10, 2025 was 946.87K shares.
PTVE) stock’s latest price update
The stock price of Pactiv Evergreen Inc (NASDAQ: PTVE) has plunged by -0.45 when compared to previous closing price of 17.62, but the company has seen a 0.40% gain in its stock price over the last five trading sessions. accesswire.com reported 2025-01-09 that LOS ANGELES, CA / ACCESSWIRE / January 9, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Pactiv Evergreen Inc. (“Pactiv Evergreen” or “the Company”) (NASDAQ:PTVE) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Pactiv Evergreen board breached its fiduciary duties to shareholders.
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 “Hold.” The predicted price for PTVE in the upcoming period, according to Jefferies is $18 based on the research report published on December 18, 2024 of the previous year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see PTVE reach a price target of $18, previously predicting the price at $13. The rating they have provided for PTVE stocks is “Neutral” according to the report published on December 10th, 2024.
Jefferies gave a rating of “Buy” to PTVE, setting the target price at $18 in the report published on January 19th of the previous year.
PTVE Trading at 19.91% 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 -0.45% of loss for the given period.
Volatility was left at 0.66%, however, over the last 30 days, the volatility rate increased by 0.66%, as shares surge +1.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.99% upper at present.
During the last 5 trading sessions, PTVE rose by +0.40%, which changed the moving average for the period of 200-days by +27.56% in comparison to the 20-day moving average, which settled at $17.38. In addition, Pactiv Evergreen Inc saw 0.40% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PTVE
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.18 for the gross margin
The net margin for Pactiv Evergreen Inc stands at -0.03. The total capital return value is set at 0.02. Equity return is now at value -13.75, with -2.62 for asset returns.
Based on Pactiv Evergreen Inc (PTVE), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 3.22. The interest coverage ratio of the stock is 0.39.
Currently, EBITDA for the company is 641.0 million with net debt to EBITDA at 8.68. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. The receivables turnover for the company is 10.42for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
In conclusion, Pactiv Evergreen Inc (PTVE) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
