Ramaco Resources Inc (NASDAQ: METC) on Tuesday, plunged -5.95% from the previous trading day, before settling in for the closing price of $15.62. Within the past 52 weeks, METC’s price has moved between $5.94 and $22.70.
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Basic Materials Sector giant saw their annual sales surged by 32.90% over the last five years. The company achieved an average annual earnings per share of 18.75%. With a float of $26.48 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) 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 50.13%, while institutional ownership is 38.33%. 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) Recent Fiscal highlights
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
Ramaco Resources Inc (METC) is currently performing well based on its current performance indicators. A quick ratio of 0.90 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 1.12. Likewise, its price to free cash flow for the trailing twelve months is 9.98.
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)
Analysing the last 5-days average volume posted by the [Ramaco Resources Inc, METC], we can find that recorded value of 0.55 million was lower than the volume posted last year of 0.93 million. As of the previous 9 days, the stock’s Stochastic %D was 19.99%. Additionally, its Average True Range was 0.76.
During the past 100 days, Ramaco Resources Inc’s (METC) raw stochastic average was set at 1.72%, which indicates a significant decrease from 5.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.28% in the past 14 days, which was lower than the 60.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.14, while its 200-day Moving Average is $14.01. Now, the first resistance to watch is $15.18. This is followed by the second major resistance level at $15.66. The third major resistance level sits at $15.98. If the price goes on to break the first support level at $14.38, it is likely to go to the next support level at $14.06. Now, if the price goes above the second support level, the third support stands at $13.58.
Ramaco Resources Inc (NASDAQ: METC) Key Stats
Market capitalization of the company is 779.89 million based on 44,263K outstanding shares. Right now, sales total 693,520 K and income totals 82,310 K. The company made 202,730 K in profit during its latest quarter, and 30,040 K in sales during its previous quarter.
