Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Ranpak Holdings Corp (NYSE: PACK) closed at $7.33 up 1.24% from its previous closing price of $7.24. In other words, the price has increased by $1.24 from its previous closing price. On the day, 0.52 million shares were traded. PACK stock price reached its highest trading level at $7.655 during the session, while it also had its lowest trading level at $7.28.
Ratios:
For a deeper understanding of Ranpak Holdings Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.24 and its Current Ratio is at 2.60. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.74.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on August 24, 2021, initiated with a Neutral rating and assigned the stock a target price of $32.
On August 10, 2021, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $30.
On April 26, 2021, Berenberg started tracking the stock assigning a Buy rating and target price of $24.Berenberg initiated its Buy rating on April 26, 2021, with a $24 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 28 ’23 when Siebert Mark A. bought 5 shares for $4.10 per share. The transaction valued at 20 led to the insider holds 272 shares of the business.
Siebert Mark A. bought 267 shares of PACK for $1,063 on Nov 27 ’23. The MD, North America now owns 267 shares after completing the transaction at $3.98 per share. On Nov 14 ’23, another insider, Tranen Alicia M., who serves as the Director of the company, bought 5,000 shares for $3.22 each. As a result, the insider paid 16,100 and bolstered with 30,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PACK now has a Market Capitalization of 608156160 and an Enterprise Value of 969214720. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.80 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 2.882 whereas that against EBITDA is 17.215.
Stock Price History:
Over the past 52 weeks, PACK has reached a high of $8.29, while it has fallen to a 52-week low of $2.63. The 50-Day Moving Average of the stock is 11.26%, while the 200-Day Moving Average is calculated to be 38.91%.
Shares Statistics:
For the past three months, PACK has traded an average of 751.59K shares per day and 391400 over the past ten days. A total of 79.68M shares are outstanding, with a floating share count of 72.06M. Insiders hold about 12.78% of the company’s shares, while institutions hold 86.53% stake in the company. Shares short for PACK as of 1713139200 were 1422930 with a Short Ratio of 1.89, compared to 1710460800 on 1335019. Therefore, it implies a Short% of Shares Outstanding of 1422930 and a Short% of Float of 3.3299996999999997.
