Ranpak Holdings Corp (NYSE:PACK) price on Friday, February 28, fall -2.19% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.69.
A look at the stock’s price movement, the close in the last trading session was $6.84. Turning to its 52-week performance, $9.04 and $4.30 were the 52-week high and 52-week low respectively. Overall, PACK moved -20.64% over the past month.
Ranpak Holdings Corp’s market cap currently stands at around $559.35 million, with investors looking forward to this quarter’s earnings report slated for in April.
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 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -8.93% and -4.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.49, while 7-day volatility ratio is 3.88% and 5.27% in the 30-day chart. Further, Ranpak Holdings Corp (PACK) has a beta value of 2.59, and an average true range (ATR) of 0.37. Analysts have given the company’s stock an average 52-week price target of $11.5, forecast between a low of $11.5 and high of $11.5. Looking at the price targets, the low is -71.9% off current price level while to achieve the yearly target high, price needs to move -71.9%. Nonetheless, investors will most likely welcome a -71.9% jump to $11.5 which is the analysts’ median price.
If we refocus on Ranpak Holdings Corp (NYSE:PACK), historical trading data shows that trading volumes averaged 546.14K over the past 3 months. The company’s latest data on shares outstanding shows there are 80.31 million shares.
The 12.51% of Ranpak Holdings Corp’s shares are in the hands of company insiders while institutional holders own 82.01% of the company’s shares. Current price change has pushed the stock -2.76% 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.
