Ramaco Resources Inc (NASDAQ: METC) on November 20, 2023, started off the session at the price of $17.09, plunging -3.86% from the previous trading day. During the day, the shares moved up to $17.35 and dropped to $16.27 before settling in for the closing price of $17.09. Within the past 52 weeks, METC’s price has moved between $5.94 and $19.94.
Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 82.95%. The company achieved an average annual earnings per share of -15.71%. With a float of $24.80 million, this company’s outstanding shares have now reached $44.16 million.
Considering the fact that the conglomerate employs 725 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +33.66, operating margin of +26.58, and the pretax margin is +25.84.
Ramaco Resources Inc (METC) Breakdown of a Key Holders of the stock
Observing investor behavior towards Coking Coal industry stocks is more important than anything else. The insider ownership of Ramaco Resources Inc is 52.94%, while institutional ownership is 22.90%. The most recent insider transaction that took place on Nov 20, was worth 463,633. In this transaction Director of this company sold 28,172 shares at a rate of $16.46, taking the stock ownership to the 729,746 shares. Before that another transaction happened on Nov 20, when Company’s Director sold 28,172 for $16.46, making the entire transaction worth $463,633. This insider now owns 729,746 shares in total.
Ramaco Resources Inc (METC) Recent Fiscal highlights
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $0.45 earnings per share (EPS) for the period topping the consensus outlook (set at $0.44) by $0.01. This company achieved a net margin of +20.51 while generating a return on equity of 44.61. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.69 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -15.71% per share during the next fiscal year.
Ramaco Resources Inc (NASDAQ: METC) Trading Performance Indicators
Ramaco Resources Inc (METC) is currently performing well based on its current performance indicators. A quick ratio of 0.83 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 1.38. Likewise, its price to free cash flow for the trailing twelve months is 16.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.44, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 2.14 in one year’s time.
Technical Analysis of Ramaco Resources Inc (METC)
Compared to the last year’s volume of 0.49 million, its volume of 2.51 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 62.59%. Additionally, its Average True Range was 1.26.
During the past 100 days, Ramaco Resources Inc’s (METC) raw stochastic average was set at 71.44%, which indicates a significant increase from 59.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 141.58% in the past 14 days, which was higher than the 80.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.64, while its 200-day Moving Average is $9.53. Nevertheless, the first resistance level for the watch stands at $17.10 in the near term. At $17.76, the stock is likely to face the second major resistance level. The third major resistance level sits at $18.18. If the price goes on to break the first support level at $16.02, it is likely to go to the next support level at $15.60. Now, if the price goes above the second support level, the third support stands at $14.94.
Ramaco Resources Inc (NASDAQ: METC) Key Stats
Market capitalization of the company is 865.70 million based on 52,686K outstanding shares. Right now, sales total 565,690 K and income totals 116,040 K. The company made 186,970 K in profit during its latest quarter, and 19,460 K in sales during its previous quarter.