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The closing price of Ranpak Holdings Corp (NYSE: PACK) was $7.22 for the day, up 4.18% from the previous closing price of $6.93. In other words, the price has increased by $4.18 from its previous closing price. On the day, 0.67 million shares were traded. PACK stock price reached its highest trading level at $7.445 during the session, while it also had its lowest trading level at $6.88.
Ratios:
Our analysis of PACK’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.06 and its Current Ratio is at 2.44. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.75.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.
Siebert Mark A. bought 5 shares of PACK for $20 on Nov 28 ’23. The MD, North America now owns 272 shares after completing the transaction at $4.10 per share. On Nov 27 ’23, another insider, Siebert Mark A., who serves as the MD, North America of the company, bought 267 shares for $3.98 each. As a result, the insider paid 1,063 and bolstered with 267 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 595759744 and an Enterprise Value of 942250432. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.40 while its Price-to-Book (P/B) ratio in mrq is 2.06. Its current Enterprise Value per Revenue stands at 2.768 whereas that against EBITDA is 14.933.
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 11.56%, while the 200-Day Moving Average is calculated to be 29.20%.
Shares Statistics:
PACK traded an average of 363.18K shares per day over the past three months and 345230 shares per day over the past ten days. A total of 79.68M shares are outstanding, with a floating share count of 73.19M. Insiders hold about 54.29% of the company’s shares, while institutions hold 45.33% stake in the company. Shares short for PACK as of 1721001600 were 1258271 with a Short Ratio of 3.46, compared to 1718323200 on 1307523. Therefore, it implies a Short% of Shares Outstanding of 1258271 and a Short% of Float of 2.94.
