The stock of Ramaco Resources Inc (METC) has seen a -9.18% decrease in the past week, with a -12.09% drop in the past month, and a -23.49% decrease in the past quarter. The volatility ratio for the week is 4.61%, and the volatility levels for the past 30 days are at 4.30% for METC. The simple moving average for the past 20 days is -8.81% for METC’s stock, with a 5.05% simple moving average for the past 200 days.
Is It Worth Investing in Ramaco Resources Inc (NASDAQ: METC) Right Now?
The price-to-earnings ratio for Ramaco Resources Inc (NASDAQ: METC) is above average at 8.73x, Company’s 36-month beta value is 1.16.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for METC is 26.48M, and currently, short sellers hold a 15.33% ratio of that floaft. The average trading volume of METC on April 24, 2024 was 824.29K shares.
METC) stock’s latest price update
Ramaco Resources Inc (NASDAQ: METC) has experienced a decline in its stock price by -5.95 compared to its previous closing price of 15.62. However, the company has seen a fall of -9.18% in its stock price over the last five trading days. InvestorPlace reported 2024-04-22 that With the disruptions in the global economy, now may be the time to consider coal stocks. Yes, it’s an awfully anachronistic concept.
Analysts’ Opinion of METC
Many brokerage firms have already submitted their reports for METC stocks, with UBS repeating the rating for METC by listing it as a “Neutral.” The predicted price for METC in the upcoming period, according to UBS is $21 based on the research report published on January 16, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see METC reach a price target of $25, previously predicting the price at $16. The rating they have provided for METC stocks is “Buy” according to the report published on June 07th, 2022.
The Benchmark Company gave a rating of “Buy” to METC, setting the target price at $6 in the report published on February 22nd of the previous year.
METC Trading at -14.43% 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 -35.29% of loss for the given period.
Volatility was left at 4.30%, however, over the last 30 days, the volatility rate increased by 4.61%, as shares sank -12.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.21% lower at present.
During the last 5 trading sessions, METC fell by -9.18%, which changed the moving average for the period of 200-days by +63.68% in comparison to the 20-day moving average, which settled at $16.00. In addition, Ramaco Resources Inc saw -14.49% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at METC starting from LEIDEL PETER A, who sale 7,694 shares at the price of $12.34 back on Dec 13 ’23. After this action, LEIDEL PETER A now owns 713,193 shares of Ramaco Resources Inc, valued at $94,967 using the latest closing price.
LAWRENCE BRYAN H, the Director of Ramaco Resources Inc, sale 7,694 shares at $12.34 during a trade that took place back on Dec 13 ’23, which means that LAWRENCE BRYAN H is holding 713,193 shares at $94,967 based on the most recent closing price.
Stock Fundamentals for METC
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.27 for the gross margin
The net margin for Ramaco Resources Inc stands at 0.12. The total capital return value is set at 0.19. Equity return is now at value 24.25, with 12.71 for asset returns.
Based on Ramaco Resources Inc (METC), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 1.68. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 23.75.
Currently, EBITDA for the company is 150.9 million with net debt to EBITDA at 0.37. When we switch over and look at the enterprise to sales, we see a ratio of 1.16. The receivables turnover for the company is 7.16for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.
Conclusion
In a nutshell, Ramaco Resources Inc (METC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
