On Tuesday, Ramaco Resources Inc (NASDAQ: METC) was -2.50% down from the session before settling in for the closing price of $16.83. A 52-week range for METC has been $5.94 – $22.70.
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Basic Materials Sector giant saw their annual sales surged by 32.90% over the last five years. When this article was written, the company’s average yearly earnings per share was at 40.43%. With a float of $26.33 million, this company’s outstanding shares have now reached $44.00 million.
The firm has a total of 811 workers. Let’s measure their productivity.
Ramaco Resources Inc (METC) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Ramaco Resources Inc stocks. The insider ownership of Ramaco Resources Inc is 50.39%, while institutional ownership is 38.15%. The most recent insider transaction that took place on Dec 13 ’23, was worth 94,967. In this transaction Director of this company sold 7,694 shares at a rate of $12.34, taking the stock ownership to the 713,193 shares. Before that another transaction happened on Dec 13 ’23, when Company’s Director sold 7,694 for $12.34, making the entire transaction worth $94,967. This insider now owns 713,193 shares in total.
Ramaco Resources Inc (METC) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 12/30/2023, it has been observed that the corporation posted $0.6 earnings per share (EPS) during the time that was less than consensus figure (set at $0.68) by -$0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.56 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 40.43% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.23% during the next five years compared to 6.46% growth over the previous five years of trading.
Ramaco Resources Inc (NASDAQ: METC) Trading Performance Indicators
You can see what Ramaco Resources Inc (METC) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.26. Likewise, its price to free cash flow for the trailing twelve months is 11.15.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.68, a number that is poised to hit 0.61 in the next quarter and is forecasted to reach 2.26 in one year’s time.
Technical Analysis of Ramaco Resources Inc (METC)
Analysing the last 5-days average volume posted by the [Ramaco Resources Inc, METC], we can find that recorded value of 0.83 million was lower than the volume posted last year of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 35.40%. Additionally, its Average True Range was 0.94.
During the past 100 days, Ramaco Resources Inc’s (METC) raw stochastic average was set at 45.07%, which indicates a significant increase from 10.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.47% in the past 14 days, which was lower than the 80.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.01, while its 200-day Moving Average is $13.31. Now, the first resistance to watch is $16.92. This is followed by the second major resistance level at $17.44. The third major resistance level sits at $17.95. If the price goes on to break the first support level at $15.89, it is likely to go to the next support level at $15.38. Should the price break the second support level, the third support level stands at $14.86.
Ramaco Resources Inc (NASDAQ: METC) Key Stats
There are 44,263K outstanding shares of the company, which has a market capitalization of 870.88 million. As of now, sales total 693,520 K while income totals 82,310 K. Its latest quarter income was 202,730 K while its last quarter net income were 30,040 K.
