Daily Progress: Ramaco Resources Inc (METC) Drop -1.73, Closing at 10.25

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In the latest session, Ramaco Resources Inc (NASDAQ: METC) closed at $10.25 down -1.73% from its previous closing price of $10.43. In other words, the price has decreased by -$1.73 from its previous closing price. On the day, 0.64 million shares were traded. METC stock price reached its highest trading level at $10.6 during the session, while it also had its lowest trading level at $10.05.

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 22.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.36. For the most recent quarter (mrq), Quick Ratio is recorded 0.86 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.23.

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:

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 May 29 ’24 when Jenkins Evan H bought 7,158 shares for $13.97 per share. The transaction valued at 99,997 led to the insider holds 23,480 shares of the business.

Jenkins Evan H bought 1,769 shares of METC for $25,000 on May 24 ’24. The GENERAL COUNSEL now owns 16,321 shares after completing the transaction at $14.13 per share.

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 530996128 and an Enterprise Value of 605549248. As of this moment, Ramaco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.86, and their Forward P/E ratio for the next fiscal year is 4.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 1.49. Its current Enterprise Value per Revenue stands at 0.867 whereas that against EBITDA is 5.394.

Stock Price History:

Over the past 52 weeks, METC has reached a high of $22.45, while it has fallen to a 52-week low of $8.93. The 50-Day Moving Average of the stock is -10.85%, while the 200-Day Moving Average is calculated to be -21.03%.

Shares Statistics:

For the past three months, METC has traded an average of 540.31K shares per day and 555880 over the past ten days. A total of 43.80M shares are outstanding, with a floating share count of 27.30M. Insiders hold about 48.23% of the company’s shares, while institutions hold 36.05% stake in the company. Shares short for METC as of 1732838400 were 3005092 with a Short Ratio of 5.56, compared to 1730332800 on 3470694. Therefore, it implies a Short% of Shares Outstanding of 3005092 and a Short% of Float of 11.44.

Dividends & Splits

According to the company, the forward annual dividend rate for METC is 0.41, from 0.538 in the trailing year. Against a Trailing Annual Dividend Yield of 0.05158197

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