Ranpak Holdings Corp (NYSE: PACK) closed the day trading at $7.13 down -3.52% from the previous closing price of $7.39. On the day, 523654 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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.75 while its Price-to-Book (P/B) ratio in mrq is 1.03.
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.
Shares Statistics:
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 86.55% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Hewlett Packard Enterprise Comp analysts. The consensus estimate for the next quarter is $2.83, with high estimates of $180.36 and low estimates of $25.40.
