Ramaco Resources Inc (NASDAQ: METC) on Tuesday, plunged -0.16% from the previous trading day, before settling in for the closing price of $12.52. Within the past 52 weeks, METC’s price has moved between $9.03 and $22.70.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 32.90%. The company achieved an average annual earnings per share of -78.03%. With a float of $26.44 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. In terms of profitability, gross margin is 18.7%, operating margin of 6.81%, and the pretax margin is 6.83%.
Ramaco Resources Inc (METC) Insider Activity
Observing investor behavior towards Coking Coal industry stocks is more important than anything else. The insider ownership of Ramaco Resources Inc is 49.67%, while institutional ownership is 36.21%. 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) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.61 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.68) by -0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -78.03% 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 0.86 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 0.92. Likewise, its price to free cash flow for the trailing twelve months is 10.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.69, a number that is poised to hit 0.29 in the next quarter and is forecasted to reach 2.04 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 0.56 million, which is a drop from its year-to-date volume of 0.68 million. As of the previous 9 days, the stock’s Stochastic %D was 76.12%. Additionally, its Average True Range was 0.57.
During the past 100 days, Ramaco Resources Inc’s (METC) raw stochastic average was set at 53.72%, which indicates a significant decrease from 90.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.45% in the past 14 days, which was higher than the 61.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.01, while its 200-day Moving Average is $13.75. However, in the short run, Ramaco Resources Inc’s stock first resistance to watch stands at $12.68. Second resistance stands at $12.85. The third major resistance level sits at $13.11. If the price goes on to break the first support level at $12.24, it is likely to go to the next support level at $11.97. Should the price break the second support level, the third support level stands at $11.80.
Ramaco Resources Inc (NASDAQ: METC) Key Stats
Market capitalization of the company is 639.62 million based on 52,529K outstanding shares. Right now, sales total 693,520 K and income totals 82,310 K. The company made 167,410 K in profit during its latest quarter, and -240 K in sales during its previous quarter.
