Pactiv Evergreen Inc (NASDAQ: PTVE) is 2.29% higher on its value in year-to-date trading and has touched a low of $8.83 and a high of $17.88 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 PTVE stock was last observed hovering at around $17.83 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $17.87, the stock is 0.36% and 1.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 0.22% at the moment leaves the stock 32.07% off its SMA200. PTVE registered 34.77% gain for a year compared to 6-month gain of 51.44%.
The stock witnessed a 1.19% loss in the last 1 month and extending the period to 3 months gives it a 31.69%, and is 0.22% 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 0.22% over the week and 0.28% over the month.
Pactiv Evergreen Inc (PTVE) has around 14000 employees, a market worth around $3.23B and $5.15B in sales. Fwd P/E is 12.52. Profit margin for the company is -2.70%. Distance from 52-week low is 102.38% and -0.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.07%).
The EPS is expected to shrink by -5.45% this year
The shares outstanding are 180.63M, and float is at 38.80M with Short Float at 4.11%.
The top institutional shareholder in the company is RUBRIC CAPITAL MANAGEMENT LP with over 5.73 million shares valued at $64.82 million. The investor’s holdings represent 3.1921 of the PTVE Shares outstanding. As of 2024-06-30, the second largest holder is AMERICAN CENTURY COMPANIES INC with 3.91 million shares valued at $44.28 million to account for 2.1804 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.89 million shares representing 2.169 and valued at over $44.05 million, while BLACKROCK INC. holds 1.7055 of the shares totaling 3.06 million with a market value of $34.63 million.
Pactiv Evergreen Inc (PTVE) Insider Activity
A total of 0 insider transactions have happened at Pactiv Evergreen Inc (PTVE) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Pactiv Evergreen Inc (PTVE): Who are the competitors?
One of the company’s main competitors (and peers) include Stora Enso Oyj R (STERV) that is trading -7.34% down over the past 12 months.Stora Enso Oyj Series A (STEAV) lies in the list of competitors of the Pactiv Evergreen Inc and is -8.77% lower over the same period from PTVESIG Group AG (SIGN) is 1.33% up on the 1-year trading charts.
