Ranpak Holdings Corp (NYSE:PACK) price on Friday, February 07, fall -2.96% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.55.
A look at the stock’s price movement, the close in the last trading session was $7.78, moving within a range at $7.5 and $7.78. The beta value (5-Year monthly) was 2.377. Turning to its 52-week performance, $9.04 and $4.11 were the 52-week high and 52-week low respectively. Overall, PACK moved 14.39% over the past month.
Ranpak Holdings Corp’s market cap currently stands at around $606.54 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 100.41M for the company’s revenue for the quarter, with a low and high estimate of 97.6M and 103.12M respectively. The average forecast suggests up to a 11.07% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 364.47M, representing a 8.38% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PACK is a Hold. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 75% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend PACK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PACK’s current price about 11.54% and 5.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.87, while 7-day volatility ratio is 4.81% and 5.49% in the 30-day chart. Further, Ranpak Holdings Corp (PACK) has a beta value of 2.59, and an average true range (ATR) of 0.46. Analysts have given the company’s stock an average 52-week price target of $10.75, forecast between a low of $10 and high of $11.5. Looking at the price targets, the low is -32.45% off current price level while to achieve the yearly target high, price needs to move -52.32%. Nonetheless, investors will most likely welcome a -42.38% jump to $10.75 which is the analysts’ median price.
If we refocus on Ranpak Holdings Corp (NYSE:PACK), historical trading data shows that trading volumes averaged 2.09 over the past 10 days and 528.87K over the past 3 months. The company’s latest data on shares outstanding shows there are 80.31 million shares.
The 12.63% of Ranpak Holdings Corp’s shares are in the hands of company insiders while institutional holders own 84.43% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.95 million on 2025-01-15, giving us a short ratio of 5.14. The data shows that as of 2025-01-15 short interest in Ranpak Holdings Corp (PACK) stood at 208.0 of shares outstanding, with shares short rising to 0.95 million registered in 2024-12-13. Current price change has pushed the stock 9.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PACK stock continues to rise going into the next quarter.
