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After finishing at $9.28 in the prior trading day, Ramaco Resources Inc (NASDAQ: METC) closed at $8.99, down -3.12%. In other words, the price has decreased by -$3.12 from its previous closing price. On the day, 0.6 million shares were traded. METC stock price reached its highest trading level at $9.31 during the session, while it also had its lowest trading level at $8.87.
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 20.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.58. 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:
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 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 472675296 and an Enterprise Value of 539362368. As of this moment, Ramaco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.03, and their Forward P/E ratio for the next fiscal year is 7.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 0.773 whereas that against EBITDA is 4.804.
Stock Price History:
The Beta on a monthly basis for METC is 1.18, which has changed by -0.49917817 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. 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 -20.95%, while the 200-Day Moving Average is calculated to be -28.36%.
Shares Statistics:
The stock has traded on average 510.56K shares per day over the past 3-months and 473680 shares per day over the last 10 days, according to various share statistics. 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 36.06% stake in the company. Shares short for METC as of 1734048000 were 3255322 with a Short Ratio of 6.53, compared to 1731628800 on 3186938. Therefore, it implies a Short% of Shares Outstanding of 3255322 and a Short% of Float of 12.4.
Dividends & Splits
In the trailing 12 months, METC’s forward annual dividend rate was 0.538, compared to 0.41 this year. Against a Trailing Annual Dividend Yield of 0.057974137The current Payout Ratio is 58.70% for METC, which recently paid a dividend on 2024-08-30 with an ex-dividend date of 1740700800. Stock splits for the company last occurred on 2024-12-02 when the company split stock in a 101:100 ratio.
