After finishing at $17.28 in the prior trading day, Ramaco Resources Inc (NASDAQ: METC) closed at $17.58, up 1.74%. In other words, the price has increased by $+0.44 from its previous closing price. On the day, 715178 shares were traded.
Ratios:
Our goal is to gain a better understanding of METC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.82. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 1.19. In the meantime, Its Debt-to-Equity ratio is 0.33 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 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 13 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. The Director now owns 713,193 shares after completing the transaction at $12.34 per share. On Dec 13, another insider, Yorktown Energy Partners IX, L, 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 877.21M and an Enterprise Value of 951.71M. As of this moment, Ramaco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.23, and their Forward P/E ratio for the next fiscal year is 9.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 2.63. Its current Enterprise Value per Revenue stands at 1.52 whereas that against EBITDA is 7.33.
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 18.32, while the 200-Day Moving Average is calculated to be 12.44.
Shares Statistics:
The stock has traded on average 1.21M shares per day over the past 3-months and 791.28k shares per day over the last 10 days, according to various share statistics. A total of 44.16M shares are outstanding, with a floating share count of 26.15M. Insiders hold about 50.37% of the company’s shares, while institutions hold 38.55% stake in the company. Shares short for METC as of Feb 15, 2024 were 3.86M with a Short Ratio of 3.20, compared to 3.87M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.34% and a Short% of Float of 16.15%.
Dividends & Splits
In the trailing 12 months, METC’s forward annual dividend rate was 0.49, compared to 0.64 this year. Against a Trailing Annual Dividend Yield of 2.85%, it implies a Forward Annual Dividend Yield of 3.13%.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of $0.69 for the current quarter, with a high estimate of $0.7 and a low estimate of $0.68, while EPS last year was $0.32. The consensus estimate for the next quarter is $0.9, with high estimates of $1.05 and low estimates of $0.72.
Analysts are recommending an EPS of between $1.92 and $1.88 for the fiscal current year, implying an average EPS of $1.9. EPS for the following year is $2.51, with 4 analysts recommending between $2.97 and $1.76.
Revenue Estimates
3 analysts predict $186.91M in revenue for the current quarter. It ranges from a high estimate of $192.42M to a low estimate of $182.6M. As of the current estimate, Ramaco Resources Inc’s year-ago sales were $135.23M, an estimated increase of 38.20% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $234.78M, an increase of 75.50% over than the figure of $38.20% in the same quarter last year. There is a high estimate of $234.78M for the next quarter, whereas the lowest estimate is $234.78M.
A total of 3 analysts have provided revenue estimates for METC’s current fiscal year. The highest revenue estimate was $683.21M, while the lowest revenue estimate was $673.4M, resulting in an average revenue estimate of $677.7M. In the same quarter a year ago, actual revenue was $565.69M, up 19.80% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $799.31M in the next fiscal year. The high estimate is $849.58M and the low estimate is $735M. The average revenue growth estimate for next year is up 17.90% from the average revenue estimate for this year.
