Ranpak Holdings Corp. (NYSE:PACK) has a beta value of 0 and has seen 193,711 shares traded in the last trading session. The company, currently valued at $1.49 Billion, closed the last trade at $19.65 per share which meant it gained $0.62 on the day or 3.26% during that session. The PACK stock price is -12.26% off its 52-week high price of $22.06 and 66.26% above the 52-week low of $6.63. If we look at the company’s 10-day average daily trading volume, we find that it stood at 173.7 Million shares traded. The 3-month trading volume is 348.06 Million shares.
The consensus among analysts is that Ranpak Holdings Corp. (PACK) is a Buy stock at the moment, with a recommendation rating of 1.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 4 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.02.
Ranpak Holdings Corp. (NYSE:PACK) trade information
Sporting 3.26% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the PACK stock price touched $19.96- or saw a rise of 1.55%. Year-to-date, Ranpak Holdings Corp. shares have moved 46.21%, while the 5-day performance has seen it change -1.21%. Over the past 30 days, the shares of Ranpak Holdings Corp. (NYSE:PACK) have changed -3.2%. Short interest in the company has seen 1.83 Million shares shorted with days to cover at 0.01.
Wall Street analysts have a consensus price target for the stock at $24.25, which means that the shares’ value could jump 23.41% from current levels. The projected low price target is $23 while the price target rests at a high of $25. In that case, then, we find that the current price level is +27.23% off the targeted high while a plunge would see the stock lose 17.05% from current levels.
Ranpak Holdings Corp. (PACK) estimates and forecasts
Figures show that Ranpak Holdings Corp. shares have underperformed across the wider relevant industry. The company’s shares have gained +130.36% over the past 6 months. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 60% and 91.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be +11.5%.
Earnings growth for 2021 is a modest +50.6%.
Ranpak Holdings Corp. (NYSE:PACK)’s Major holders
Insiders own 9.55% of the company shares, while shares held by institutions stand at 92.58% with a share float percentage of 102.36%. Investors are also buoyed by the number of investors in a company, with Ranpak Holdings Corp. having a total of 129 institutions that hold shares in the company. The top two institutional holders are JS Capital Management LLC with over 29.98 Million shares worth more than $402.89 Million. As of December 30, 2020, JS Capital Management LLC held 43.23% of shares outstanding.
The other major institutional holder is Blackstone Group Inc., with the holding of over 5.09 Million shares as of December 30, 2020. The firm’s total holdings are worth over $68.39 Million and represent 7.34% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Meridian Small Cap Growth Fund and AB Cap Fd.-AB Small Cap Growth Port. As of December 30, 2020, the former fund manager holds about 3.65% shares in the company for having 2531355 shares of worth $34.02 Million while later fund manager owns 2.36 Million shares of worth $42.46 Million as of February 27, 2021, which makes it owner of about 3.4% of company’s outstanding stock.