Ranpak Holdings Corp (NYSE:PACK) price on Friday, March 21, fall -0.88% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.65.
A look at the stock’s price movement, the close in the last trading session was $5.70, moving within a range at $5.39 and $5.72. The beta value (5-Year monthly) was 2.599. Turning to its 52-week performance, $9.04 and $5.54 were the 52-week high and 52-week low respectively. Overall, PACK moved -23.02% over the past month.
Ranpak Holdings Corp’s market cap currently stands at around $472.40 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-05.
Analysts have a consensus estimate of 90.56M for the company’s revenue for the quarter, with a low and high estimate of 87.98M and 92.4M respectively. The average forecast suggests up to a 6.17% 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 396.25M, representing a 7.41% 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 100% Sell. On the other hand, the stock is on average a 100% Sell 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 -9.55% and -15.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.36, while 7-day volatility ratio is 4.48% and 6.02% in the 30-day chart. Further, Ranpak Holdings Corp (PACK) has a beta value of 2.69, and an average true range (ATR) of 0.38. 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 -103.54% off current price level while to achieve the yearly target high, price needs to move -103.54%. Nonetheless, investors will most likely welcome a -103.54% 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 0.53 over the past 10 days and 656.43K over the past 3 months. The company’s latest data on shares outstanding shows there are 83.27 million shares.
The 9.36% of Ranpak Holdings Corp’s shares are in the hands of company insiders while institutional holders own 84.87% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.69 million on 2025-02-28, giving us a short ratio of 1.49. The data shows that as of 2025-02-28 short interest in Ranpak Holdings Corp (PACK) stood at 366.0 of shares outstanding, with shares short rising to 1.45 million registered in 2025-01-31. Current price change has pushed the stock -17.88% 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.
