Sealed Air Corp (NYSE:SEE) shares, rose in value on Friday, December 13, with the stock price down by -1.07% to the previous day’s close as strong demand from buyers drove the stock to $35.96.
Actively observing the price movement in the last trading, the stock closed the session at $36.35, falling within a range of $35.65 and $36.16. The value of beta (5-year monthly) was 1.347 whereas the PE ratio was 13.26 over 12-month period. Referring to stock’s 52-week performance, its high was $41.14, and the low was $30.87. On the whole, SEE has fluctuated by 0.78% over the past month.
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With the market capitalization of Sealed Air Corp currently standing at about $5.24 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 2.22%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.4B, with a low estimate of 1.33B and a high estimate of 1.42B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.37B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SEE’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 PEG ratio is about 2.83, with the price of SEE currently trading nearly -0.59% and -0.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.69, while the 7-day volatility ratio is showing 2.27% which for the 30-day chart, stands at 2.16%. Furthermore, Sealed Air Corp (SEE)’s beta value is 1.35, and its average true range (ATR) is 0.89.
A comparison of Sealed Air Corp (SEE) with its peers suggests the former has fared considerably weaker in the market. SEE showed an intraday change of -1.07% in last session, and over the past year, it grew by 3.45%%.
Data on historical trading for Sealed Air Corp (NYSE:SEE) indicates that the trading volumes over the past 10 days have averaged 1.24 and over the past 3 months, they’ve averaged 1.40 million. According to company’s latest data on outstanding shares, there are 145.69 million shares outstanding.
Nearly 1.81% of Sealed Air Corp’s shares belong to company insiders and institutional investors own 93.67% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.85 million shares as on 2024-11-29, resulting in a short ratio of 3.43. According to the data, the short interest in Sealed Air Corp (SEE) stood at 479.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 5.32 million. The stock has fallen by -1.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SEE stock heading into the next quarter.
