Rayonier Advanced Materials Inc. (RYAM) is -23.66% away from 50-day simple Moving Average despite all headwinds

Rayonier Advanced Materials Inc. (NYSE: RYAM) on January 24, 2023, started off the session at the price of $5.86, soaring 2.39% from the previous trading day. During the day, the shares moved up to $6.08 and dropped to $5.70 before settling in for the closing price of $5.86. Within the past 52 weeks, RYAM’s price has moved between $2.43 and $9.84.


Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.

Sponsored


It was noted that within the last five years, the titan of the Basic Materials sector saw sales topped by 10.10%. The company achieved an average annual earnings per share of -29.90%. With a float of $61.24 million, this company’s outstanding shares have now reached $63.97 million.

The extent of productivity of a business whose workforce counts for 2500 workers is very important to gauge. In terms of profitability, gross margin is +4.07, operating margin of -0.88, and the pretax margin is -5.89.

Rayonier Advanced Materials Inc. (RYAM) Insider and Institutional Ownership

Observing investor behavior towards Chemicals industry stocks is more important than anything else. The insider ownership of Rayonier Advanced Materials Inc. is 0.30%, while institutional ownership is 76.30%. The most recent insider transaction that took place on Nov 16, was worth 37,754. In this transaction CAO & SVP, Human Resources of this company bought 5,000 shares at a rate of $7.55, taking the stock ownership to the 121,888 shares.

Rayonier Advanced Materials Inc. (RYAM) Latest Financial update

As on 6/29/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.36 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.2) by -$0.16. This company achieved a net margin of -3.54 while generating a return on equity of -6.59. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -29.90% per share during the next fiscal year.

Rayonier Advanced Materials Inc. (NYSE: RYAM) Trading Performance Indicators

Rayonier Advanced Materials Inc. (RYAM) is currently performing well based on its current performance indicators. A quick ratio of 1.20 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.29.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.94, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach -0.35 in one year’s time.

Technical Analysis of Rayonier Advanced Materials Inc. (RYAM)

The latest stats from [Rayonier Advanced Materials Inc., RYAM] show that its last 5-days average volume of 1.01 million was inferior to 1.07 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 11.51%. Additionally, its Average True Range was 0.65.

During the past 100 days, Rayonier Advanced Materials Inc.’s (RYAM) raw stochastic average was set at 45.14%, which indicates a significant increase from 10.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 197.98% in the past 14 days, which was higher than the 118.10% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.86, while its 200-day Moving Average is $5.10. Now, the first resistance to watch is $6.15. This is followed by the second major resistance level at $6.31. The third major resistance level sits at $6.53. If the price goes on to break the first support level at $5.77, it is likely to go to the next support level at $5.55. The third support level lies at $5.39 if the price breaches the second support level.

Rayonier Advanced Materials Inc. (NYSE: RYAM) Key Stats

Market capitalization of the company is 458.16 million based on 63,971K outstanding shares. Right now, sales total 1,408 M and income totals 66,410 K. The company made 466,350 K in profit during its latest quarter, and 29,610 K in sales during its previous quarter.

Latest

On What Basis Did Swvl Holdings Corp (SWVL) Stock Rise 47% Pre-Hours?

When last checked, Swvl Holdings Corp. (Nasdaq: SWVL), a...

What Drove Organovo (ONVO) Stock Up 15% In After-Hour Session On Tuesday?

Shares of Organovo Holdings Inc. (Nasdaq: ONVO) were up...

Is There Any Reason As To Why The Zai Lab (ZLAB) Stock Expanded By 13%?

The biopharmaceutical business Zai Lab Limited (NASDAQ: ZLAB), which...

Newsletter

 

Don't miss

Did Anything Boost ObsEva (OBSV) Stock In Pre-Hours Trading?

Following an update, shares of ObsEva SA (NASD: OBSV)...

How Did The Kalera (KAL) Stock Rise 32% Pre-Hours?

At the time of the most recent check, shares...

Why Has Selina Hospitality (SLNA) Stock Increased In Extended Session On Friday?

The stock of Selina Hospitality PLC (NASD: SLNA), which...

Do You Know Why Evolv Technologies (EVLV) Stock Surged Nearly 10% Today?

Today's charts show Evolv Technologies Holdings Inc. (Nasdaq: EVLV)...

5 Best TaaS Stocks to Buy Right Now

TaaS stock refers to a financial asset sold by...

Fortinet Inc. (FTNT) recently have taken one step ahead with the beta value of 1.14

As on January 25, 2023, Fortinet Inc. (NASDAQ: FTNT) got off with the flyer as it spiked 1.31% to $51.76. During the day, the...

A Little Luck Can Go a Long Way with Rackspace Technology Inc. (RXT) as it 5-day change was 0.35%

Rackspace Technology Inc. (NASDAQ: RXT) started the day on January 25, 2023, with a price decrease of -1.71% at $2.87. During the day, the...

Vascular Biogenics Ltd. (VBLT) 14-day ATR is 0.01: This Stock is Set to Soar Above its Peers

Vascular Biogenics Ltd. (NASDAQ: VBLT) open the trading on January 25, 2023, with great promise as it jumped 1.27% to $0.16. During the day,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here