During the last session, Rayonier Advanced Materials Inc. (NYSE:RYAM)’s traded shares were 1.34 million, with the beta value of the company hitting 3.17. At the end of the trading day, the stock’s price was $2.73, reflecting an intraday loss of -2.15% or -$0.06. The 52-week high for the RYAM share is $8.32, that puts it down -204.76 from that peak though still a striking 4.4% gain since the share price plummeted to a 52-week low of $2.61. The company’s market capitalization is $184.49M, and the average intraday trading volume over the past 10 days was 1.09 million shares, and the average trade volume was 577.96K shares over the past three months.
Rayonier Advanced Materials Inc. (RYAM) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.30. RYAM has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.18.
Rayonier Advanced Materials Inc. (NYSE:RYAM) trade information
Rayonier Advanced Materials Inc. (RYAM) registered a -2.15% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.15% in intraday trading to $2.73 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -18.26%, and it has moved by -40.91% in 30 days. Based on these gigs, the overall price performance for the year is -58.89%. The short interest in Rayonier Advanced Materials Inc. (NYSE:RYAM) is 2.75 million shares and it means that shorts have 4.39 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.67, which implies an increase of 41.54% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.00 and $6.00 respectively. As a result, RYAM is trading at a discount of -119.78% off the target high and -46.52% off the low.
Rayonier Advanced Materials Inc. (RYAM) estimates and forecasts
Statistics show that Rayonier Advanced Materials Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Rayonier Advanced Materials Inc. (RYAM) shares have gone down -45.94% during the last six months, with a year-to-date growth rate less than the industry average at -7.46% against 17.80. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -228.60% this quarter and then jump 128.60% in the quarter after that. In the rating firms’ projections, revenue will increase 11.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $388 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $402.65 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $341 million and $383.87 million respectively. In this case, analysts expect current quarter sales to grow by 13.80% and then jump by 4.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -20.50%. While earnings are projected to return -29.90% in 2022.
Rayonier Advanced Materials Inc. is due to release its next quarterly earnings between August 01 and August 05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Rayonier Advanced Materials Inc. (NYSE:RYAM)’s Major holders
Rayonier Advanced Materials Inc. insiders own 4.08% of total outstanding shares while institutional holders control 77.93%, with the float percentage being 81.24%. Blackrock Inc. is the largest shareholder of the company, while 201 institutions own stock in it. As of Mar 30, 2022, the company held over 9.97 million shares (or 15.62% of all shares), a total value of $65.51 million in shares.
The next largest institutional holding, with 3.86 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 6.05% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $22.05 million.
Also, the Mutual Funds coming in first place with the largest holdings of Rayonier Advanced Materials Inc. (RYAM) shares are iShares Core S&P Smallcap ETF and Invesco ETF Tr-Invesco S&P Small Cap Value With Momentum ETF. Data provided on Jan 30, 2022 indicates that iShares Core S&P Smallcap ETF owns about 4.49 million shares. This amounts to just over 7.03 percent of the company’s overall shares, with a $27.96 million market value. The same data shows that the other fund manager holds slightly less at 1.95 million, or about 3.05% of the stock, which is worth about $12.12 million.