Ranpak Holdings Corp (NYSE: PACK) is -9.88% lower on its value in year-to-date trading and has touched a low of $4.30 and a high of $9.04 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 PACK stock was last observed hovering at around $6.59 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $6.20, the stock is -12.25% and -10.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -5.92% at the moment leaves the stock -8.42% off its SMA200. PACK registered 41.23% gain for a year compared to 6-month gain of -6.91%.
The stock witnessed a -20.51% loss in the last 1 month and extending the period to 3 months gives it a -22.60%, and is -7.32% 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 7.94% over the week and 5.45% over the month.
Ranpak Holdings Corp (PACK) has around 800 employees, a market worth around $518.38M and $368.90M in sales. Profit margin for the company is -5.07%. Distance from 52-week low is 44.19% and -31.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.92%).
with sales reaching $90.56M over the same period.The EPS is expected to grow by 27.45% this year, but quarterly earnings will post 7.41% year-over-year. Quarterly sales are estimated to grow 6.17% in year-over-year returns.
Ranpak Holdings Corp (PACK) Top Institutional Holders
The shares outstanding are 83.27M, and float is at 75.71M with Short Float at 1.95%.
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.
