Ranpak Holdings Corp. (NYSE:PACK) Relative Strength Index (RSI) is 49.84, with weekly volatility at 6.17% and ATR at 1.21. The PACK stock’s 52-week price range has touched low of $6.79 and a $25.45 high. Intraday shares traded counted 0.82 million, which was -90.89% lower than its 30-day average trading volume of 428.62K. Its shares traded lower over the last trading session, losing -2.79% on 06/02/21. The shares fell to a low of $20.905 before closing at $21.24. PACK’s previous close was $21.85 while the outstanding shares total 73.56M.
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 $1.63 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 40.5 million on their books with 1.0 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 an incline. In terms of their assets, the company currently has 108.8 million total, with 55.4 million as their total liabilities.
Is the stock of PACK attractive?
In related news, CEO and Executive Chairman, ASALI OMAR sold 100,000 shares of the company’s stock in a transaction that recorded on May 26. The sale was performed at an average price of 19.79, for a total value of 1,979,000. As the sale deal closes, the CEO and Executive Chairman, ASALI OMAR now sold 400,000 shares of the company’s stock, valued at 7,916,000. Also, Interim CFO, Drew William bought 1,750 shares of the company’s stock in a deal that was recorded on Jun 09. The shares were price at an average price of 7.70 per share, with a total market value of 13,475. Following this completion of acquisition, the CEO and Executive Chairman, ASALI OMAR now holds 17,850 shares of the company’s stock, valued at 135,071. In the last 6 months, insiders have changed their ownership in shares of company stock by 3.60%.