A glimpse at Ramaco Resources Inc.’s potential climb to old highs

In the latest session, Ramaco Resources Inc. (NASDAQ: METC) closed at $11.12 up 2.49% from its previous closing price of $10.85. In other words, the price has increased by $+0.27 from its previous closing price. On the day, 683843 shares were traded. METC stock price reached its highest trading level at $11.35 during the session, while it also had its lowest trading level at $10.75.

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Ratios:

For a deeper understanding of Ramaco Resources Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.89. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.21.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on June 07, 2022, Upgraded its rating to Buy and sets its target price to $25 from $16 previously.

BMO Capital Markets Downgraded its Outperform to Market Perform on December 17, 2020, while the target price for the stock was maintained at $4.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 02 when FRISCHKORN DAVID E K sold 5,000 shares for $9.89 per share. The transaction valued at 49,450 led to the insider holds 30,439 shares of the business.

FRISCHKORN DAVID E K sold 5,000 shares of METC for $58,300 on Aug 18. The Director now owns 35,439 shares after completing the transaction at $11.66 per share. On Jun 01, another insider, Yorktown Energy Partners IX, L, who serves as the 10% Owner of the company, sold 177,295 shares for $13.69 each. As a result, the insider received 2,427,683 and left with 5,609,440 shares of the company.

Valuation Measures:

As of this moment, Ramaco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.15, and their Forward P/E ratio for the next fiscal year is 3.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96 while its Price-to-Book (P/B) ratio in mrq is 1.64.

Stock Price History:

Over the past 52 weeks, METC has reached a high of $21.73, while it has fallen to a 52-week low of $8.43. The 50-Day Moving Average of the stock is 10.38, while the 200-Day Moving Average is calculated to be 13.29.

Shares Statistics:

For the past three months, METC has traded an average of 594.28K shares per day and 610.72k over the past ten days. A total of 44.09M shares are outstanding, with a floating share count of 24.23M. Insiders hold about 17.50% of the company’s shares, while institutions hold 63.00% stake in the company. Shares short for METC as of Oct 13, 2022 were 1.57M with a Short Ratio of 1.85M, compared to 1.66M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.56% and a Short% of Float of 6.97%.

Earnings Estimates

There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.14 for the current quarter, with a high estimate of $1.2 and a low estimate of $1.09, while EPS last year was $0.16. The consensus estimate for the next quarter is $1.58, with high estimates of $1.92 and low estimates of $1.22.

Analysts are recommending an EPS of between $4.74 and $4.06 for the fiscal current year, implying an average EPS of $4.39. EPS for the following year is $3.12, with 4 analysts recommending between $3.69 and $2.28.

Revenue Estimates

A total of 4 analysts have provided revenue estimates for METC’s current fiscal year. The highest revenue estimate was $679M, while the lowest revenue estimate was $627M, resulting in an average revenue estimate of $646.57M. In the same quarter a year ago, actual revenue was $283.39M, up 128.20% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $597M in the next fiscal year. The high estimate is $629M and the low estimate is $547.7M. The average revenue growth estimate for next year is down -7.70% from the average revenue estimate for this year.