Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Ranpak Holdings Corp before investing.

In this article, we go over a few key elements for understanding Ranpak Holdings Corp’s stock price such as:

• Ranpak Holdings Corp’s current stock price and volume
• Why Ranpak Holdings Corp’s stock price changed recently
• Upgrades and downgrades for PACK from analysts
• PACK’s stock price momentum as measured by its relative strength

About Ranpak Holdings Corp (PACK)

Before we jump into Ranpak Holdings Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Ranpak Holdings Corp. is a provider of environmentally sustainable, systems-based, product protection and end-of-line automation solutions for e-commerce and industrial supply chains. The Company's paper-based Protective Packaging Solutions (PPS) business utilizes a razor/razor-blade model where its proprietary PPS systems are provided to its distributors and certain select end-users for a nominal user fee, charged on a per-unit basis. Its paper packaging materials are fiber-based, biodegradable, renewable, and curb-side recyclable to customers. Its Automated Paper Solutions and Automated Solutions product lines provide end-of-line automation systems that solve distinct challenges facing end-users of its products: Automated Dunnage Insertion, Automated Box-Sizing and Machine Vision Solutions. Its Void-Fill protective systems convert paper to fill empty spaces in secondary packages and protect objects, reducing object movement during shipping and potential damage sustained in transit.

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Ranpak Holdings Corp’s Stock Price as of Market Close

As of August 23, 2024, 4:00 PM, CST, Ranpak Holdings Corp’s stock price was $7.47.

Ranpak Holdings Corp is up 6.26% from its previous closing price of $7.03.

During the last market session, Ranpak Holdings Corp’s stock traded between $6.98 and $7.13. Currently, there are 83.07 million shares of Ranpak Holdings Corp stock available for purchase.

Unfortunately, Ranpak Holdings Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Ranpak Holdings Corp Stock Price History

Ranpak Holdings Corp’s (PACK) price is currently up 3.46% so far this month.

During the month of August, Ranpak Holdings Corp’s stock price has reached a high of $9.04 and a low of $6.70.

Over the last year, Ranpak Holdings Corp has hit prices as high as $9.04 and as low as $2.63. Year to date, Ranpak Holdings Corp’s stock is up 29.46%.

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What Caused Ranpak Holdings Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 22, 2024, there were 0 analysts who downgraded Ranpak Holdings Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Ranpak Holdings Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Ranpak Holdings Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Ranpak Holdings Corp’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Ranpak Holdings Corp (PACK) by visiting AAII Stock Evaluator.

Relative Price Strength of Ranpak Holdings Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 22, 2024, Ranpak Holdings Corp has a weighted four-quarter relative price strength of 2.57%, which translates to a Momentum Score of 76 and is considered to be Strong.

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Ranpak Holdings Corp Stock Price: Bottom Line

As of August 23, 2024, Ranpak Holdings Corp’s stock price is $7.47, which is up 6.26% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Ranpak Holdings Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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