Daily Market Movement: Ramaco Resources Inc (METC) Sees a -4.22 Decrease, Closing at 15.65

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The closing price of Ramaco Resources Inc (NASDAQ: METC) was $15.65 for the day, down -4.22% from the previous closing price of $16.34. In other words, the price has decreased by -$4.22 from its previous closing price. On the day, 0.58 million shares were traded. METC stock price reached its highest trading level at $16.53 during the session, while it also had its lowest trading level at $15.47.

Ratios:

Our analysis of METC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.63. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.11.

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 this company, UBS on January 16, 2024, initiated with a Neutral rating and assigned the stock a target price of $21.

On June 07, 2022, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $16 to $25.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 13 ’23 when LEIDEL PETER A sold 7,694 shares for $12.34 per share. The transaction valued at 94,967 led to the insider holds 713,193 shares of the business.

LAWRENCE BRYAN H sold 7,694 shares of METC for $94,967 on Dec 13 ’23. The Director now owns 713,193 shares after completing the transaction at $12.34 per share. On Dec 13 ’23, another insider, Yorktown IX Associates LLC, who serves as the 10% Owner of the company, sold 2,901 shares for $12.34 each. As a result, the insider received 35,807 and left with 1,083,332 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, METC now has a Market Capitalization of 793555136 and an Enterprise Value of 890020416. As of this moment, Ramaco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.30, and their Forward P/E ratio for the next fiscal year is 7.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 2.24. Its current Enterprise Value per Revenue stands at 1.283 whereas that against EBITDA is 6.252.

Stock Price History:

Over the past 52 weeks, METC has reached a high of $22.70, while it has fallen to a 52-week low of $5.94. The 50-Day Moving Average of the stock is -9.12%, while the 200-Day Moving Average is calculated to be 12.76%.

Shares Statistics:

METC traded an average of 843.74K shares per day over the past three months and 529580 shares per day over the past ten days. A total of 44.00M shares are outstanding, with a floating share count of 26.48M. Insiders hold about 50.13% of the company’s shares, while institutions hold 38.34% stake in the company. Shares short for METC as of 1711584000 were 4059483 with a Short Ratio of 4.81, compared to 1709164800 on 4060212. Therefore, it implies a Short% of Shares Outstanding of 4059483 and a Short% of Float of 16.71.

Dividends & Splits

With its trailing 12-month dividend rate of 0.5, METC has a forward annual dividend rate of 0.49.

Earnings Estimates

The stock of Ramaco Resources Inc (METC) is currently in the spotlight, with Roundhill Ball Metaverse ETF analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $501.80, with high estimates of $69.95 and low estimates of $12.80.

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