A new trading day began on Tuesday, with Ramaco Resources Inc (NASDAQ: METC) stock price up 3.42% from the previous day of trading, before settling in for the closing price of $15.64. METC’s price has ranged from $5.94 to $22.70 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 32.90%. Meanwhile, its annual earnings per share averaged 18.75%. With a float of $26.48 million, this company’s outstanding shares have now reached $44.00 million.
Let’s determine the extent of company efficiency that accounts for 811 employees.
Ramaco Resources Inc (METC) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Coking Coal Industry. The insider ownership of Ramaco Resources Inc is 50.13%, while institutional ownership is 38.39%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 499.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 18.75% 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
Here are Ramaco Resources Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.24. Likewise, its price to free cash flow for the trailing twelve months is 10.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.68, a number that is poised to hit 0.51 in the next quarter and is forecasted to reach 2.11 in one year’s time.
Technical Analysis of Ramaco Resources Inc (METC)
Looking closely at Ramaco Resources Inc (NASDAQ: METC), its last 5-days average volume was 0.49 million, which is a drop from its year-to-date volume of 0.96 million. As of the previous 9 days, the stock’s Stochastic %D was 32.90%. Additionally, its Average True Range was 0.76.
During the past 100 days, Ramaco Resources Inc’s (METC) raw stochastic average was set at 16.98%, which indicates a significant decrease from 50.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.80% in the past 14 days, which was lower than the 59.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.24, while its 200-day Moving Average is $13.84. However, in the short run, Ramaco Resources Inc’s stock first resistance to watch stands at $16.55. Second resistance stands at $16.93. The third major resistance level sits at $17.65. If the price goes on to break the first support level at $15.46, it is likely to go to the next support level at $14.74. Should the price break the second support level, the third support level stands at $14.36.
Ramaco Resources Inc (NASDAQ: METC) Key Stats
With a market capitalization of 858.73 million, the company has a total of 44,263K Shares Outstanding. Currently, annual sales are 693,520 K while annual income is 82,310 K. The company’s previous quarter sales were 202,730 K while its latest quarter income was 30,040 K.
