Ranpak Holdings Corp (NYSE: PACK) is 10.76% higher on its value in year-to-date trading and has touched a low of $3.85 and a high of $9.04 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PACK stock was last observed hovering at around $8.43 in the last trading session, with the day’s loss setting it -0.81%.
Currently trading at $7.62, the stock is 16.59% and 7.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.43 million and changing -9.61% at the moment leaves the stock 12.82% off its SMA200. PACK registered 64.22% gain for a year compared to 6-month gain of 9.96%. The firm has a 50-day simple moving average (SMA 50) of $7.0884 and a 200-day simple moving average (SMA200) of $6.7528.
The stock witnessed a 9.64% loss in the last 1 month and extending the period to 3 months gives it a 29.37%, and is 23.90% up 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 10.96% over the week and 5.26% over the month.
Ranpak Holdings Corp (PACK) has around 800 employees, a market worth around $612.16M and $354.30M in sales. Profit margin for the company is -5.64%. Distance from 52-week low is 97.92% and -15.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.03%).
The EPS is expected to grow by 52.90% this year
210.0 institutions hold shares in Ranpak Holdings Corp (PACK), with institutional investors hold 93.38% of the company’s shares. The shares outstanding are 80.31M, and float is at 72.74M with Short Float at 1.31%. Institutions hold 85.49% of the Float.
The top institutional shareholder in the company is JS CAPITAL MANAGEMENT LLC with over 30.53 million shares valued at $196.31 million. The investor’s holdings represent 36.9256 of the PACK Shares outstanding. As of 2024-06-30, the second largest holder is SOROS CAPITAL MANAGEMENT LLC with 4.63 million shares valued at $29.77 million to account for 5.6001 of the shares outstanding. The other top investors are ARROWMARK COLORADO HOLDINGS LLC which holds 4.1 million shares representing 4.953 and valued at over $26.33 million, while BLACKROCK INC. holds 4.006 of the shares totaling 3.31 million with a market value of $21.3 million.
Ranpak Holdings Corp (PACK) Insider Activity
The most recent transaction is an insider sale by Jones Michael Anthony, the company’s Director. SEC filings show that Jones Michael Anthony sold 15,625 shares of the company’s common stock on May 30 ’24 at a price of $6.41 per share for a total of $0.1 million. Following the sale, the insider now owns 0.21 million shares.
