Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
Ranpak Holdings Corp (NYSE: PACK) closed the day trading at $3.64 up 7.37% from the previous closing price of $3.39. In other words, the price has increased by $7.37 from its previous closing price. On the day, 0.94 million shares were traded.
Ratios:
For a better understanding of PACK, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 1.78. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.77.
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, Cantor Fitzgerald on December 19, 2024, initiated with a Overweight rating and assigned the stock a target price of $11.50.
On August 14, 2024, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform but kept the price unchanged to $10.
On August 24, 2021, Goldman started tracking the stock assigning a Neutral rating and target price of $32.Goldman initiated its Neutral rating on August 24, 2021, with a $32 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 30 ’24 when Jones Michael Anthony sold 15,625 shares for $6.41 per share. The transaction valued at 100,156 led to the insider holds 214,859 shares of the business.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82 while its Price-to-Book (P/B) ratio in mrq is 0.56.
Stock Price History:
Over the past 52 weeks, PACK has reached a high of $9.04, while it has fallen to a 52-week low of $2.91. The 50-Day Moving Average of the stock is -23.37%, while the 200-Day Moving Average is calculated to be -42.72%.
Shares Statistics:
A total of 84.22M shares are outstanding, with a floating share count of 76.15M. Insiders hold about 9.60% of the company’s shares, while institutions hold 84.11% stake in the company.
Earnings Estimates
As of right now, 1.0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $0.01, with high estimates of $0.01 and low estimates of $0.01.
Analysts are recommending an EPS of between -$0.07 and -$0.07 for the fiscal current year, implying an average EPS of -$0.07. EPS for the following year is $0.01, with 1.0 analysts recommending between $0.01 and $0.01.
Revenue Estimates
3 analysts predict $94.45M in revenue for the current quarter. It ranges from a high estimate of $95.9M to a low estimate of $93.56M. As of the current estimate, Ranpak Holdings Corp’s year-ago sales were $86.4MFor the next quarter, 3 analysts are estimating revenue of $100.37M. There is a high estimate of $102.51M for the next quarter, whereas the lowest estimate is $98.6M.
A total of 3 analysts have provided revenue estimates for PACK’s current fiscal year. The highest revenue estimate was $401.6M, while the lowest revenue estimate was $390M, resulting in an average revenue estimate of $396.71M. In the same quarter a year ago, actual revenue was $368.9MBased on 3 analysts’ estimates, the company’s revenue will be $429.52M in the next fiscal year. The high estimate is $431.75M and the low estimate is $427.1M.
