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Sealed Air Corp. (SEE) – Don’t Be So Quick to Call it Dead

Sealed Air Corp. (NYSE: SEE) is -7.48% lower on its value in year-to-date trading and has touched a low of $28.50 and a high of $48.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SEE stock was last observed hovering at around $35.78 in the last trading session, with the day’s loss setting it -1.99%.

Currently trading at $33.79, the stock is -6.52% and -5.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.68 million and changing -5.56% at the moment leaves the stock -6.04% off its SMA200. SEE registered -26.40% loss for a year compared to 6-month gain of 2.89%. The firm has a 50-day simple moving average (SMA 50) of $1.75 and a 200-day simple moving average (SMA200) of $10.22.

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The stock witnessed a -2.26% loss in the last 1 month and extending the period to 3 months gives it a -8.25%, and is -5.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.87% over the week and 2.86% over the month.

Sealed Air Corp. (SEE) has around 17000 employees, a market worth around $4.88B and $5.49B in sales. Current P/E ratio is 14.43 and Fwd P/E is 10.37. Profit margin for the company is 6.18%. Distance from 52-week low is 18.56% and -30.24% from its 52-week high. The company has generated returns on investments over the last 12 months (6.61%).

Sealed Air Corp. quarterly earnings per share for the current quarter are estimated at $0.55 with sales reaching $1.3B over the same period.The EPS is expected to shrink by -10.00% this year, but quarterly earnings will post -1.50% year-over-year. Quarterly sales are estimated to shrink -3.90% in year-over-year returns.

593 institutions hold shares in Sealed Air Corp. (SEE), with institutional investors hold 97.63% of the company’s shares. The shares outstanding are 144.47M, and float is at 143.03M with Short Float at 3.49%. Institutions hold 96.81% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 26.97 million shares valued at $1.08 billion. The investor’s holdings represent 18.68% of the SEE Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 16.76 million shares valued at $670.46 million to account for 11.61% of the shares outstanding. The other top investors are T. Rowe Price Investment Management, Inc. which holds 10.77 million shares representing 7.46% and valued at over $430.72 million, while State Street Corporation holds 4.29% of the shares totaling 6.19 million with a market value of $247.65 million.

Sealed Air Corp. (SEE) Insider Activity

The most recent transaction is an insider purchase by Doheny Edward L II, the company’s President and CEO. SEC filings show that Doheny Edward L II bought 10,000 shares of the company’s common stock on Sep 08 ’23 at a price of $33.85 per share for a total of $0.34 million. Following the purchase, the insider now owns 0.66 million shares.

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