Ranpak Holdings Corp (NYSE: PACK) closed the day trading at $7.46 up 1.36% from the previous closing price of $7.36. In other words, the price has increased by $+0.10 from its previous closing price. On the day, 733180 shares were traded.
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Ratios:
For a better understanding of PACK, let’s look at its different 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:
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 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 608.09M and an Enterprise Value of 974.89M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.83 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 2.90 whereas that against EBITDA is 18.60.
Stock Price History:
The Beta on a monthly basis for PACK is 2.23, which has changed by 43.74% over the last 52 weeks, in comparison to a change of 31.54% over the same period for the S&P500. Over the past 52 weeks, PACK has reached a high of $7.64, while it has fallen to a 52-week low of $2.63. The 50-Day Moving Average of the stock is 4.92, while the 200-Day Moving Average is calculated to be 4.81.
Shares Statistics:
Over the past 3-months, PACK traded about 682.25K shares per day on average, while over the past 10 days, PACK traded about 1.96M shares per day. A total of 79.68M shares are outstanding, with a floating share count of 72.27M. Insiders hold about 12.53% of the company’s shares, while institutions hold 86.50% stake in the company. Shares short for PACK as of Feb 29, 2024 were 1.28M with a Short Ratio of 1.87, compared to 1.26M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.54% and a Short% of Float of 2.96%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.08, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.04 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.15 and -$0.35 for the fiscal current year, implying an average EPS of -$0.25. EPS for the following year is -$0.2, with 2 analysts recommending between -$0.07 and -$0.33.
Revenue Estimates
3 analysts predict $85.27M in revenue for the current quarter. It ranges from a high estimate of $90.9M to a low estimate of $82.07M. As of the current estimate, Ranpak Holdings Corp’s year-ago sales were $83.54M, an estimated increase of 2.10% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $89.18M, an increase of 8.90% over than the figure of $2.10% in the same quarter last year. There is a high estimate of $90.9M for the next quarter, whereas the lowest estimate is $87.61M.
A total of 3 analysts have provided revenue estimates for PACK’s current fiscal year. The highest revenue estimate was $372.4M, while the lowest revenue estimate was $362.84M, resulting in an average revenue estimate of $367.18M. In the same quarter a year ago, actual revenue was $336.3M, up 9.20% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $403.26M in the next fiscal year. The high estimate is $408.49M and the low estimate is $394.7M. The average revenue growth estimate for next year is up 9.80% from the average revenue estimate for this year.
