Pactiv Evergreen Inc (NASDAQ:PTVE) shares, rose in value on Friday, February 14, with price up by 0.17% to the previous day’s close as strong demand from buyers drove the stock to $17.82.
Actively observing the price movement in the last trading, the stock closed the session at $17.79, falling within a range of $17.795 and $17.831. The value of beta (5-year monthly) was 1.236. Referring to stock’s 52-week performance, its high was $17.81, and the low was $8.83. On the whole, PTVE has fluctuated by 1.42% over the past month.
With the market capitalization of Pactiv Evergreen Inc currently standing at about $3.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 2.24%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.16B, with a low estimate of 1.24B and a high estimate of 1.32B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.28B.
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 100% Buy.
The stock’s technical analysis shows that the price of PTVE currently trading nearly 0.41% and 2.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.47, while the 7-day volatility ratio is showing 0.27% which for the 30-day chart, stands at 0.39%. Furthermore, Pactiv Evergreen Inc (PTVE)’s beta value is 1.24, and its average true range (ATR) is 0.10.
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 0.17% in last session, and over the past year, it grew by 24.62%%.
Data on historical trading for Pactiv Evergreen Inc (NASDAQ:PTVE) indicates that the trading volumes over the past 10 days have averaged 0.65 and over the past 3 months, they’ve averaged 1.17 million. According to company’s latest data on outstanding shares, there are 179.29 million shares outstanding.
Nearly 78.50% of Pactiv Evergreen Inc’s shares belong to company insiders and institutional investors own 24.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.07 million shares as on 2025-01-31, resulting in a short ratio of 1.41. According to the data, the short interest in Pactiv Evergreen Inc (PTVE) stood at 267.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 1.03 million. The stock has risen by 2.00% 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.
