Ranpak Holdings Corp. (NYSE:PACK) previous close was $21.30 while the outstanding shares total 72.40M. The firm PACK’s shares traded lower over the last trading session, losing -5.40% on 03/10/21. The shares fell to a low of $20.05 before closing at $20.15. Intraday shares traded counted 1.61 million, which was -453.2% lower than its 30-day average trading volume of 291.41K. The stock’s Relative Strength Index (RSI) is 59.25, with weekly volatility at 7.73% and ATR at 0.97. The PACK stock’s 52-week price range has touched low of $5.70 and a $22.06 high.
Investors have identified the Packaging & Containers company Ranpak Holdings Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.42 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Ranpak Holdings Corp. (PACK) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For PACK, the company has in raw cash 48.5 million on their books with 0.5 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 107.2 million total, with 57.5 million as their total liabilities.
Is the stock of PACK attractive?
In related news, CEO and Executive Chairman, ASALI OMAR bought 17,850 shares of the company’s stock in a transaction that recorded on Jun 09. The purchase was performed at an average price of 7.57, for a total value of 135,071. As the purchase deal closes, the Interim CFO, Drew William now bought 1,750 shares of the company’s stock, valued at 13,475. Also, Interim CFO, Drew William bought 3,250 shares of the company’s stock in a deal that was recorded on Jun 08. The shares were cost at an average price of 7.52 per share, with a total market value of 24,440. Following this completion of disposal, the CEO and Executive Chairman, ASALI OMAR now holds 15,000 shares of the company’s stock, valued at 114,750. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.90%.
2 out of 2 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Ranpak Holdings Corp.. 0 analysts has assigned a Sell rating on the PACK stock. The 12-month mean consensus price target for the company’s shares has been set at $18.50.