A new trading day began on Friday, with Ramaco Resources Inc (NASDAQ: METC) stock price down -4.45% from the previous day of trading, before settling in for the closing price of $13.15. METC’s price has ranged from $9.03 to $22.70 over the past 52 weeks.
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Basic Materials Sector giant saw their annual sales surged by 32.90% over the last five years. Meanwhile, its annual earnings per share averaged -78.03%. With a float of $26.44 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. 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
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 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
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.61 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 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
Here are Ramaco Resources Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.87. Likewise, its price to free cash flow for the trailing twelve months is 9.74.
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)
Analysing the last 5-days average volume posted by the [Ramaco Resources Inc, METC], we can find that recorded value of 0.54 million was lower than the volume posted last year of 0.68 million. As of the previous 9 days, the stock’s Stochastic %D was 58.92%. Additionally, its Average True Range was 0.67.
During the past 100 days, Ramaco Resources Inc’s (METC) raw stochastic average was set at 54.64%, which indicates a significant decrease from 72.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.92% in the past 14 days, which was higher than the 59.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.17, while its 200-day Moving Average is $13.69. Now, the first resistance to watch is $13.19. This is followed by the second major resistance level at $13.81. The third major resistance level sits at $14.43. If the price goes on to break the first support level at $11.95, it is likely to go to the next support level at $11.33. Should the price break the second support level, the third support level stands at $10.71.
Ramaco Resources Inc (NASDAQ: METC) Key Stats
With a market capitalization of 610.05 million, the company has a total of 52,529K Shares Outstanding. Currently, annual sales are 693,520 K while annual income is 82,310 K. The company’s previous quarter sales were 167,410 K while its latest quarter income was -240 K.
