Ranpak Holdings Corp (NYSE: PACK) stock jumped 3.16% on Friday to $3.92 against a previous-day closing price of $3.80. With 0.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.41 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $3.9550 whereas the lowest price it dropped to was $3.7900. The 52-week range on PACK shows that it touched its highest point at $8.24 and its lowest point at $2.63 during that stretch. It currently has a 1-year price target of $5.25. Beta for the stock currently stands at 1.92.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PACK was up-trending over the past week, with a rise of 34.25%, but this was up by 3.43% over a month. Three-month performance dropped to -27.41% while six-month performance rose 14.96%. The stock lost -31.83% in the past year, while it has lost -32.06% so far this year. A look at the trailing 12-month EPS for PACK yields -0.31 with Next year EPS estimates of -0.21. For the next quarter, that number is -0.05. This implies an EPS growth rate of 48.79% for this year and 21.52% for next year.
Float and Shares Shorts:
At present, 79.09 million PACK shares are outstanding with a float of 72.40 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.62 million, which was 1.97% higher than short shares on Sep 28, 2023. In addition to Mr. Omar Marwan Asali as the firm’s Founder, CEO & Chairman, Mr. William E. Drew serves as its Senior VP & CFO.
Institutional Ownership:
Through their ownership of 94.43% of PACK’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PACK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PACK analysts setting a high price target of $6.00 and a low target of $4.75, the average target price over the next 12 months is $5.25. Based on these targets, PACK could surge 53.06% to reach the target high and rise by 21.17% to reach the target low. Reaching the average price target will result in a growth of 33.93% from current levels.
Summary of Insider Activity:
Insiders traded PACK stock several times over the past three months with 8 Buys and 0 Sells. In these transactions, 34,735 shares were bought while 0 shares were sold. The number of buy transactions has increased to 43 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 992,152 while 157,247 shares were sold.
