The stock of Rayonier Advanced Materials Inc (RYAM) has gone up by 12.41% for the week, with a -3.27% drop in the past month and a -2.84% drop in the past quarter. The volatility ratio for the week is 7.29%, and the volatility levels for the past 30 days are 5.39% for RYAM. The simple moving average for the last 20 days is 7.43% for RYAM’s stock, with a simple moving average of 17.63% for the last 200 days.
Is It Worth Investing in Rayonier Advanced Materials Inc (NYSE: RYAM) Right Now?
RYAM has 36-month beta value of 2.89. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RYAM is 62.49M, and currently, short sellers hold a 4.83% ratio of that float. The average trading volume of RYAM on May 10, 2024 was 508.77K shares.
RYAM) stock’s latest price update
The stock price of Rayonier Advanced Materials Inc (NYSE: RYAM) has jumped by 9.09 compared to previous close of 4.07. Despite this, the company has seen a gain of 12.41% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that Rayonier Advanced Materials (RYAM) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.05 per share a year ago.
Analysts’ Opinion of RYAM
Many brokerage firms have already submitted their reports for RYAM stocks, with RBC Capital Mkts repeating the rating for RYAM by listing it as a “Outperform.” The predicted price for RYAM in the upcoming period, according to RBC Capital Mkts is $7 based on the research report published on May 11, 2023 of the previous year 2023.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see RYAM reach a price target of $8, previously predicting the price at $9. The rating they have provided for RYAM stocks is “Sector Perform” according to the report published on January 10th, 2023.
RBC Capital Mkts gave a rating of “Outperform” to RYAM, setting the target price at $5 in the report published on July 18th of the previous year.
RYAM Trading at 5.96% from the 50-Day Moving Average
After a stumble in the market that brought RYAM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.79% of loss for the given period.
Volatility was left at 5.39%, however, over the last 30 days, the volatility rate increased by 7.29%, as shares sank -4.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.82% upper at present.
During the last 5 trading sessions, RYAM rose by +12.41%, which changed the moving average for the period of 200-days by -9.02% in comparison to the 20-day moving average, which settled at $4.12. In addition, Rayonier Advanced Materials Inc saw 9.63% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RYAM starting from Posze James L Jr, who purchase 3,000 shares at the price of $3.51 back on Jun 01 ’23. After this action, Posze James L Jr now owns 192,286 shares of Rayonier Advanced Materials Inc, valued at $10,530 using the latest closing price.
Hicks Joshua C., the SVP, High Purity Cellulose of Rayonier Advanced Materials Inc, purchase 10,000 shares at $3.65 during a trade that took place back on May 30 ’23, which means that Hicks Joshua C. is holding 89,595 shares at $36,500 based on the most recent closing price.
Stock Fundamentals for RYAM
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.06 for the gross margin
The net margin for Rayonier Advanced Materials Inc stands at -0.07. The total capital return value is set at -0.0. Equity return is now at value -13.31, with -4.71 for asset returns.
Based on Rayonier Advanced Materials Inc (RYAM), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.05. The interest coverage ratio of the stock is -0.11.
Currently, EBITDA for the company is 143.09 million with net debt to EBITDA at 5.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 8.54for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
Conclusion
To put it simply, Rayonier Advanced Materials Inc (RYAM) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
