The price-to-earnings ratio for Ramaco Resources Inc (NASDAQ: METC) is above average at 11.57x. The 36-month beta value for METC is also noteworthy at 1.25. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The average price estimated by analysts for METC is $14.50, which is -$2.13 below than the current price. The public float for METC is 39.07M, and at present, short sellers hold a 2.86% of that float. The average trading volume of METC on November 17, 2023 was 641.34K shares.
METC) stock’s latest price update
Ramaco Resources Inc (NASDAQ: METC) has seen a decline in its stock price by -7.61 in relation to its previous close of 18.00. However, the company has experienced a 4.00% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-06 that Unlock your portfolio value by investing in high earnings yield stocks like PPC, GIII, METC and REVG.
METC’s Market Performance
Ramaco Resources Inc (METC) has seen a 4.00% rise in stock performance for the week, with a 33.90% gain in the past month and a 106.58% surge in the past quarter. The volatility ratio for the week is 12.26%, and the volatility levels for the past 30 days are at 7.84% for METC. The simple moving average for the past 20 days is 24.59% for METC’s stock, with a 92.67% simple moving average for the past 200 days.
Analysts’ Opinion of METC
Many brokerage firms have already submitted their reports for METC stocks, with Jefferies repeating the rating for METC by listing it as a “Buy.” The predicted price for METC in the upcoming period, according to Jefferies is $25 based on the research report published on June 07, 2022 of the previous year 2022.
METC Trading at 49.72% from the 50-Day Moving Average
After a stumble in the market that brought METC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.60% of loss for the given period.
Volatility was left at 7.84%, however, over the last 30 days, the volatility rate increased by 12.26%, as shares surge +34.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +112.39% upper at present.
During the last 5 trading sessions, METC rose by +4.00%, which changed the moving average for the period of 200-days by +58.23% in comparison to the 20-day moving average, which settled at $13.56. In addition, Ramaco Resources Inc saw 131.32% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at METC starting from LEIDEL PETER A, who sale 316,623 shares at the price of $17.73 back on Nov 15. After this action, LEIDEL PETER A now owns 730,408 shares of Ramaco Resources Inc, valued at $5,614,523 using the latest closing price.
LAWRENCE BRYAN H, the Director of Ramaco Resources Inc, sale 316,623 shares at $17.73 during a trade that took place back on Nov 15, which means that LAWRENCE BRYAN H is holding 730,408 shares at $5,614,523 based on the most recent closing price.
Stock Fundamentals for METC
Current profitability levels for the company are sitting at:
- +26.58 for the present operating margin
- +33.66 for the gross margin
The net margin for Ramaco Resources Inc stands at +20.51. The total capital return value is set at 42.33, while invested capital returns managed to touch 37.57. Equity return is now at value 20.47, with 11.03 for asset returns.
Based on Ramaco Resources Inc (METC), the company’s capital structure generated 44.90 points at debt to equity in total, while total debt to capital is 30.99. Total debt to assets is 22.58, with long-term debt to equity ratio resting at 18.46. Finally, the long-term debt to capital ratio is 12.74.
When we switch over and look at the enterprise to sales, we see a ratio of 1.68, with the company’s debt to enterprise value settled at 0.28. The receivables turnover for the company is 11.29 and the total asset turnover is 1.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
In summary, Ramaco Resources Inc (METC) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.