Ranpak Holdings Corp [PACK] stock is trading at $6.08, up 2.53%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PACK shares have gain 4.29% over the last week, with a monthly amount drifted -2.09%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ranpak Holdings Corp [NYSE: PACK] stock has seen the most recent analyst activity on August 14, 2024, when Robert W. Baird downgraded its rating to a Neutral but kept the price target unchanged to $10 for it. Previously, Goldman started tracking the stock with Neutral rating on August 24, 2021, and set its price target to $32. On August 10, 2021, Robert W. Baird initiated with a Outperform rating and assigned a price target of $30 on the stock. Berenberg started tracking the stock assigning a Buy rating and suggested a price target of $24 on April 26, 2021.
Ranpak Holdings Corp [PACK] stock has fluctuated between $2.63 and $9.04 over the past year. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Ranpak Holdings Corp [NYSE: PACK] shares were valued at $6.08 at the most recent close of the market. An investor can expect a potential return of 64.47% based on the average PACK price forecast.
Analyzing the PACK fundamentals
Ranpak Holdings Corp [NYSE:PACK] reported sales of 344.90M for the trailing twelve months, which represents a growth of 5.49%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.04 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.76.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.92 points at the first support level, and at 5.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.24, and for the 2nd resistance point, it is at 6.41.
Ratios To Look Out For
For context, Ranpak Holdings Corp’s Current Ratio is 2.52. Also, the Quick Ratio is 2.07, while the Cash Ratio stands at 1.07. Considering the valuation of this stock, the price to sales ratio is 1.42, the price to book ratio is 0.89.
Transactions by insiders
Recent insider trading involved Jones Michael Anthony, Director, that happened on May 30 ’24 when 15625.0 shares were sold. MD, North America, Siebert Mark A. completed a deal on Nov 27 ’23 to buy 267.0 shares. Meanwhile, MD, North America Siebert Mark A. bought 5.0 shares on Nov 28 ’23.
