On Monday, Pactiv Evergreen Inc (NASDAQ: PTVE) was -4.52% drop from the session before settling in for the closing price of $9.73. A 52-week range for PTVE has been $7.41 – $15.84.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Consumer Cyclical sector was -7.83%. When this article was written, the company’s average yearly earnings per share was at 13.66%. With a float of $39.42 million, this company’s outstanding shares have now reached $178.56 million.
Considering the fact that the conglomerate employs 15000 people, you should pay attention to its efficiency factor.
Pactiv Evergreen Inc (PTVE) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Pactiv Evergreen Inc stocks. The insider ownership of Pactiv Evergreen Inc is 78.01%, while institutional ownership is 22.02%.
Pactiv Evergreen Inc (PTVE) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.32 earnings per share (EPS) during the time that was better than consensus figure (set at 0.2) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.66% per share during the next fiscal year.
Pactiv Evergreen Inc (NASDAQ: PTVE) Trading Performance Indicators
You can see what Pactiv Evergreen Inc (PTVE) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.93. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.32. Likewise, its price to free cash flow for the trailing twelve months is 15.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.42, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 1.35 in one year’s time.
Technical Analysis of Pactiv Evergreen Inc (PTVE)
Compared to the last year’s volume of 0.39 million, its volume of 0.54 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 8.36%. Additionally, its Average True Range was 0.59.
During the past 100 days, Pactiv Evergreen Inc’s (PTVE) raw stochastic average was set at 6.56%, which indicates a significant decrease from 9.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 100.40% in the past 14 days, which was higher than the 51.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.91, while its 200-day Moving Average is $12.85. Nevertheless, the first resistance level for the watch stands at $9.58 in the near term. At $9.86, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.24. If the price goes on to break the first support level at $8.92, it is likely to go to the next support level at $8.54. Should the price break the second support level, the third support level stands at $8.26.
Pactiv Evergreen Inc (NASDAQ: PTVE) Key Stats
There are 179,149K outstanding shares of the company, which has a market capitalization of 1.67 billion. As of now, sales total 5,510 M while income totals -223,000 K. Its latest quarter income was 1,252 M while its last quarter net income were 9,000 K.
