Ramaco Resources Inc (NASDAQ: METC) has experienced a rise in its stock price by 11.14 compared to its previous closing price of 12.66. However, the company has seen a gain of 15.21% in its stock price over the last five trading days. prnewswire.com reported 2024-12-04 that Project would be only primary source mine for gallium, germanium, and scandium in the world LEXINGTON, Ky., Dec. 4, 2024 /PRNewswire/ — Ramaco Resources, Inc. (NASDAQ: METC, METCB) (“Ramaco Resources” or the “Company”) is pleased to announce that Fluor Corporation (“Fluor”) in its interim preliminary techno-economic analysis of Ramaco’s Brook Mine projects that the development is both commercially and technologically feasible.
Is It Worth Investing in Ramaco Resources Inc (NASDAQ: METC) Right Now?
Ramaco Resources Inc (NASDAQ: METC) has a higher price-to-earnings ratio of 20.39x compared to its average ratio, The 36-month beta value for METC is at 1.15. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for METC is 26.44M, and currently, shorts hold a 12.05% of that float. The average trading volume for METC on December 04, 2024 was 524.87K shares.
METC’s Market Performance
METC stock saw an increase of 15.21% in the past week, with a monthly gain of 40.04% and a quarterly increase of 38.54%. The volatility ratio for the week is 5.31%, and the volatility levels for the last 30 days are 6.05% for Ramaco Resources Inc (METC). The simple moving average for the past 20 days is 13.56% for METC’s stock, with a 5.21% simple moving average for the past 200 days.
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 23.29% 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 -37.32% of loss for the given period.
Volatility was left at 6.05%, however, over the last 30 days, the volatility rate increased by 5.31%, as shares surge +24.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.45% upper at present.
During the last 5 trading sessions, METC rose by +12.63%, which changed the moving average for the period of 200-days by -20.38% in comparison to the 20-day moving average, which settled at $12.50. In addition, Ramaco Resources Inc saw -17.18% 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 Jenkins Evan H, who purchase 7,158 shares at the price of $13.97 back on May 29 ’24. After this action, Jenkins Evan H now owns 23,480 shares of Ramaco Resources Inc, valued at $99,997 using the latest closing price.
Jenkins Evan H, the GENERAL COUNSEL of Ramaco Resources Inc, purchase 1,769 shares at $14.13 during a trade that took place back on May 24 ’24, which means that Jenkins Evan H is holding 16,321 shares at $25,000 based on the most recent closing price.
Stock Fundamentals for METC
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.19 for the gross margin
The net margin for Ramaco Resources Inc stands at 0.05. The total capital return value is set at 0.09. Equity return is now at value 10.46, with 5.78 for asset returns.
Based on Ramaco Resources Inc (METC), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 1.66. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 7.74.
Currently, EBITDA for the company is 150.9 million with net debt to EBITDA at 0.6. When we switch over and look at the enterprise to sales, we see a ratio of 1.15. The receivables turnover for the company is 11.1for trailing twelve months and the total asset turnover is 1.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.
Conclusion
In conclusion, Ramaco Resources Inc (METC) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
