Market Watch: Ramaco Resources Inc (METC)’s Noteworthy Drop, Closing at 12.22

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As of close of business last night, Ramaco Resources Inc’s stock clocked out at $12.22, down -1.61% from its previous closing price of $12.42. In other words, the price has decreased by -$1.61 from its previous closing price. On the day, 0.58 million shares were traded. METC stock price reached its highest trading level at $12.595 during the session, while it also had its lowest trading level at $12.2.

Ratios:

To gain a deeper understanding of METC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.09. 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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. On Dec 11 ’23, another insider, LAWRENCE BRYAN H, who serves as the Director of the company, sold 57,738 shares for $16.42 each. As a result, the insider received 947,960 and left with 3,200,363 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 642328448 and an Enterprise Value of 708035136. As of this moment, Ramaco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.39, and their Forward P/E ratio for the next fiscal year is 5.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91 while its Price-to-Book (P/B) ratio in mrq is 1.75. Its current Enterprise Value per Revenue stands at 1.014 whereas that against EBITDA is 6.307.

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 $9.03. The 50-Day Moving Average of the stock is 13.71%, while the 200-Day Moving Average is calculated to be -12.70%.

Shares Statistics:

It appears that METC traded 527.62K shares on average per day over the past three months and 577350 shares per day over the past ten days. A total of 44.00M shares are outstanding, with a floating share count of 26.40M. Insiders hold about 49.67% of the company’s shares, while institutions hold 36.23% stake in the company. Shares short for METC as of 1728950400 were 3352621 with a Short Ratio of 6.35, compared to 1726185600 on 4028165. Therefore, it implies a Short% of Shares Outstanding of 3352621 and a Short% of Float of 12.8.

Dividends & Splits

With its trailing 12-month dividend rate of 0.538, METC has a forward annual dividend rate of 0.54. Against a Trailing Annual Dividend Yield of 0.04331723

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