In the past week, METC stock has gone down by -13.83%, with a monthly decline of -14.48% and a quarterly plunge of -18.60%. The volatility ratio for the week is 4.34%, and the volatility levels for the last 30 days are 4.49% for Ramaco Resources Inc. The simple moving average for the past 20 days is -14.40% for METC’s stock, with a -6.11% 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 12.09x. The 36-month beta value for METC is also noteworthy at 1.10. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for METC is 26.48M, and at present, short sellers hold a 15.98% of that float. The average trading volume of METC on May 09, 2024 was 756.26K shares.
METC) stock’s latest price update
Ramaco Resources Inc (NASDAQ: METC)’s stock price has gone decline by -15.29 in comparison to its previous close of 15.96, however, the company has experienced a -13.83% decrease in its stock price over the last five trading days. PRNewsWire reported 2024-04-25 that LEXINGTON, Ky., April 25, 2024 /PRNewswire/ — Ramaco Resources, Inc. (NASDAQ: METC, METCB, “Ramaco” or the “Company”) will report first quarter 2024 financial results on Wednesday, May 8, 2024 after the close of the market.
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 -18.65% 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 -40.44% of loss for the given period.
Volatility was left at 4.49%, however, over the last 30 days, the volatility rate increased by 4.34%, as shares sank -14.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.12% lower at present.
During the last 5 trading sessions, METC fell by -13.13%, which changed the moving average for the period of 200-days by +47.03% in comparison to the 20-day moving average, which settled at $15.68. In addition, Ramaco Resources Inc saw -21.30% 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 16.66, with 8.98 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 1.09. 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 1.23.
Conclusion
In summary, Ramaco Resources Inc (METC) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
