Ranpak Holdings Corp., traded on the NYSE as ‘PACK’, has a market capitalization of 639,655,403 USD based on its share price of 7.8 USD and shares outstanding of 820,071,03. This is a significant decrease from its year high of 28.24 USD back in 2023. The company’s average 50-day stock price is 6.4032 USD, significantly lower than its closing price on February 3rd (7.8). Considering that its 200-day average stock price is even lower at 6.6571 USD, it would seem that the company’s current stock price is inflated compared to recent averages.
The market capitalization data for Ranpak Holdings Corp reveals that the company’s financial situation has not been great over the past few days - it decreased by 5 million dollars between Feb 1st and Feb 3rd 2021 and by 11 million dollars between Feb 2nd and Feb 3rd 2021. This suggests that investors have not been confident in the company’s future prospects over the last few days, leading to a decrease in value.
Overall, Ranpak Holdings Corp.’s current market capitalization of $639 million is lower than its year high of $28 million back in 2023, suggesting that investors are not as optimistic about the company’s financial situation as they were before. However, with a current share price of 7.8 USD which is higher than both 50-day and 200-day share prices averages, this may indicate potential for growth in the long term if investor confidence can be regained.
