In spite of Rayonier Advanced Materials Inc.’s (NYSE:RYAM) recent upswing, most analysts remain bearish.

In the latest session, Rayonier Advanced Materials Inc. (NYSE: RYAM) closed at $6.00 up 2.39% from its previous closing price of $5.86. In other words, the price has increased by $+0.14 from its previous closing price. On the day, 512697 shares were traded. RYAM stock price reached its highest trading level at $6.08 during the session, while it also had its lowest trading level at $5.70.

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For a deeper understanding of Rayonier Advanced Materials Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 2.00. In the meantime, Its Debt-to-Equity ratio is 1.12 whereas as Long-Term Debt/Eq ratio is at 1.09.

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, RBC Capital Mkts on January 10, 2023, Downgraded its rating to Sector Perform and sets its target price to $8 from $9 previously.

On July 18, 2022, RBC Capital Mkts Upgraded its rating to Outperform which previously was Sector Perform and also lowered its target price recommendation from $6 to $5.

RBC Capital Mkts Downgraded its Outperform to Sector Perform on April 07, 2022, whereas the target price for the stock was revised from $8 to $6.

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 Nov 16 when Posze James L Jr bought 5,000 shares for $7.55 per share. The transaction valued at 37,754 led to the insider holds 121,888 shares of the business.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 0.49.

Stock Price History:

Over the past 52 weeks, RYAM has reached a high of $9.84, while it has fallen to a 52-week low of $2.43. The 50-Day Moving Average of the stock is 7.86, while the 200-Day Moving Average is calculated to be 5.10.

Shares Statistics:

For the past three months, RYAM has traded an average of 613.03K shares per day and 1.35M over the past ten days. A total of 63.97M shares are outstanding, with a floating share count of 61.24M. Insiders hold about 0.30% of the company’s shares, while institutions hold 76.30% stake in the company. Shares short for RYAM as of Oct 13, 2022 were 2.46M with a Short Ratio of 1.45M, compared to 2.26M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.84% and a Short% of Float of 4.78%.

Earnings Estimates

There are 2 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.09, while EPS last year was -$0.21. The consensus estimate for the next quarter is $0.09, with high estimates of $0.11 and low estimates of $0.07.

Analysts are recommending an EPS of between -$0.48 and -$0.55 for the fiscal current year, implying an average EPS of -$0.51. EPS for the following year is -$0.26, with 2 analysts recommending between $0.03 and -$0.55.

Revenue Estimates

A total of 2 analysts believe the company’s revenue will be $420.42M this quarter.It ranges from a high estimate of $426.75M to a low estimate of $414.1M. As of the current estimate, Rayonier Advanced Materials Inc.’s year-ago sales were $383.87M, an estimated increase of 9.50% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $414.4M, an increase of 10.80% over than the figure of $9.50% in the same quarter last year. There is a high estimate of $427.4M for the next quarter, whereas the lowest estimate is $401.4M.

A total of 2 analysts have provided revenue estimates for RYAM’s current fiscal year. The highest revenue estimate was $1.6B, while the lowest revenue estimate was $1.57B, resulting in an average revenue estimate of $1.59B. In the same quarter a year ago, actual revenue was $1.41B, up 12.60% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $1.56B in the next fiscal year. The high estimate is $1.56B and the low estimate is $1.55B. The average revenue growth estimate for next year is down -1.90% from the average revenue estimate for this year.