Pactiv Evergreen Inc. (PTVE) Quarterly Performance is -13.04%: Here is the Surprise Factor

At the end of the latest market close, Pactiv Evergreen Inc. (PTVE) was valued at $14.87. In that particular session, Stock kicked-off at the price of $14.84 while reaching the peak value of $15.21 and lowest value recorded on the day was $14.55. The stock current value is $14.75.

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Recently in News on March 8, 2021, Michael King Appointed CEO of Pactiv Evergreen. Pactiv Evergreen Inc. (NASDAQ: PTVE) announced today that John McGrath has elected to retire as CEO of the company and has been succeeded by Michael King. Mr. King is a current member of Pactiv Evergreen’s Board and has been serving since 2018 as CEO of Graham Packaging Company. Prior to joining Graham Packaging, Mike held senior leadership positions at FRAM Group, TI Automotive, Lear Corporation and Huhtamaki. He holds multiple Plastics Engineering degrees from Ferris State University and an MBA from Louisiana State University. You can read further details here


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Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Pactiv Evergreen Inc. shares are logging -24.78% during the 52-week period from high price, and 41.83% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $10.40 and $19.61.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 1533602 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Pactiv Evergreen Inc. (PTVE) recorded performance in the market was -18.03%, having the revenues showcasing -13.04% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.60B, as it employees total of 26000 workers.

Analysts verdict on Pactiv Evergreen Inc. (PTVE)

During the last month, 4 analysts gave the Pactiv Evergreen Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 15.66, with a change in the price was noted +0.99. In a similar fashion, Pactiv Evergreen Inc. posted a movement of +7.10% for the period of last 100 days, recording 583,858 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PTVE is recording 6.95 at the time of this writing. In addition, long term Debt to Equity ratio is set at 6.95.

Pactiv Evergreen Inc. (PTVE): Technical Analysis

Raw Stochastic average of Pactiv Evergreen Inc. in the period of last 50 days is set at 29.52%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 43.19%. In the last 20 days, the company’s Stochastic %K was 40.58% and its Stochastic %D was recorded 37.52%.

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Let’s take a glance in the erstwhile performances of Pactiv Evergreen Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -18.03%. The shares increased approximately by 6.37% in the 7-day charts and went up by 0.68% in the period of the last 30 days. Common stock shares were lifted by -13.04% during last recorded quarter.

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