Ramaco Resources Inc (NASDAQ: METC) kicked off on Monday, down -5.25% from the previous trading day, before settling in for the closing price of $12.37. Over the past 52 weeks, METC has traded in a range of $7.65-$22.70.
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Annual sales at Basic Materials sector company grew by 32.90% over the past five years. While this was happening, its average annual earnings per share was recorded -27.75%. With a float of $26.91 million, this company’s outstanding shares have now reached $44.00 million.
Let’s look at the performance matrix of the company that is accounted for 811 employees.
Ramaco Resources Inc (METC) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Coking Coal Industry. The insider ownership of Ramaco Resources Inc is 49.31%, while institutional ownership is 38.19%. The most recent insider transaction that took place on May 29 ’24, was worth 99,997. In this transaction GENERAL COUNSEL of this company bought 7,158 shares at a rate of $13.97, taking the stock ownership to the 23,480 shares. Before that another transaction happened on May 24 ’24, when Company’s GENERAL COUNSEL bought 1,769 for $14.13, making the entire transaction worth $25,000. This insider now owns 16,321 shares in total.
Ramaco Resources Inc (METC) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported 0.17 earnings per share (EPS), lower than consensus estimate (set at 0.5) by -0.33. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.5 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -27.75% 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
Take a look at Ramaco Resources Inc’s (METC) current performance indicators. Last quarter, stock had a quick ratio of 0.95. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.89. Likewise, its price to free cash flow for the trailing twelve months is 7.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.14, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 2.18 in one year’s time.
Technical Analysis of Ramaco Resources Inc (METC)
Ramaco Resources Inc (NASDAQ: METC) saw its 5-day average volume 0.49 million, a negative change from its year-to-date volume of 0.76 million. As of the previous 9 days, the stock’s Stochastic %D was 15.46%. Additionally, its Average True Range was 0.68.
During the past 100 days, Ramaco Resources Inc’s (METC) raw stochastic average was set at 8.06%, which indicates a significant decrease from 12.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.40% in the past 14 days, which was lower than the 55.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.50, while its 200-day Moving Average is $15.77. Nevertheless, the first resistance level for the watch stands at $11.99 in the near term. At $12.27, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.66. If the price goes on to break the first support level at $11.32, it is likely to go to the next support level at $10.93. The third support level lies at $10.65 if the price breaches the second support level.
Ramaco Resources Inc (NASDAQ: METC) Key Stats
The company with the Market Capitalisation of 622.21 million has total of 44,263K Shares Outstanding. Its annual sales at the moment are 693,520 K in contrast with the sum of 82,310 K annual income. Company’s last quarter sales were recorded 172,680 K and last quarter income was 2,030 K.
