Pactiv Evergreen Inc (NASDAQ:PTVE) shares, rose in value on Thursday, December 12, with the stock price down by -0.12% to the previous day’s close as strong demand from buyers drove the stock to $17.26.
Actively observing the price movement in the last trading, the stock closed the session at $17.28, falling within a range of $17.255 and $17.375. The value of beta (5-year monthly) was 1.295. Referring to stock’s 52-week performance, its high was $17.61, and the low was $8.83. On the whole, PTVE has fluctuated by 49.70% over the past month.
With the market capitalization of Pactiv Evergreen Inc currently standing at about $3.10 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 2.32%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PTVE’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of PTVE currently trading nearly 21.44% and 35.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 87.82, while the 7-day volatility ratio is showing 1.10% which for the 30-day chart, stands at 3.82%. Furthermore, Pactiv Evergreen Inc (PTVE)’s beta value is 1.34, and its average true range (ATR) is 0.61.
A comparison of Pactiv Evergreen Inc (PTVE) with its peers suggests the former has fared considerably weaker in the market. PTVE showed an intraday change of -0.12% in last session, and over the past year, it grew by 40.33%%.
Data on historical trading for Pactiv Evergreen Inc (NASDAQ:PTVE) indicates that the trading volumes over the past 10 days have averaged 2.64 and over the past 3 months, they’ve averaged 656.38K. According to company’s latest data on outstanding shares, there are 179.29 million shares outstanding.
Nearly 77.90% of Pactiv Evergreen Inc’s shares belong to company insiders and institutional investors own 23.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.35 million shares as on 2024-11-29, resulting in a short ratio of 4.48. According to the data, the short interest in Pactiv Evergreen Inc (PTVE) stood at 337.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 1.4 million. The stock has risen by 25.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PTVE stock heading into the next quarter.
