In last trading session, Rayonier Advanced Materials Inc. (NYSE:RYAM) saw 0.19 million shares changing hands with its beta currently measuring 3.30. Company’s recent per share price level of $7.84 trading at $0.1 or 1.29% at ring of the bell on the day assigns it a market valuation of $503.48M. That closing price of RYAM’s stock is at a discount of -1.15% from its 52-week high price of $7.93 and is indicating a premium of 69.01% from its 52-week low price of $2.43. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.43 million shares which gives us an average trading volume of 350.75K if we extend that period to 3-months.
Rayonier Advanced Materials Inc. (NYSE:RYAM) trade information
Upright in the green during last session for gaining 1.29%, in the last five days RYAM remained trading in the green while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $7.84 price level, adding 1.13% to its value on the day. Rayonier Advanced Materials Inc.’s shares saw a change of 37.30% in year-to-date performance and have moved 3.84% in past 5-day. Rayonier Advanced Materials Inc. (NYSE:RYAM) showed a performance of 101.54% in past 30-days. Number of shares sold short was 2.46 million shares which calculate 9.18 days to cover the short interests.
Rayonier Advanced Materials Inc. (RYAM) estimates and forecasts
Statistics highlight that Rayonier Advanced Materials Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 95.51% of value to its shares in past 6 months, showing an annual growth rate of 76.12% while that of industry is -1.50. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 147.60% in the current quarter and calculating 124.30% increase in the next quarter. This year revenue growth is estimated to rise 12.60% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $420.42 million for the same. And 2 analysts are in estimates of company making revenue of $414.4 million in the next quarter that will end on Dec 2022. Company posted $383.87 million and $374 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 9.50% while estimating it to be 10.80% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -20.50% during past 5 years.
Rayonier Advanced Materials Inc. is more likely to be releasing its next quarterly report between February 21 and February 27 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Rayonier Advanced Materials Inc. (NYSE:RYAM)’s Major holders
Insiders are in possession of 4.26% of company’s total shares while institution are holding 79.36 percent of that, with stock having share float percentage of 82.89%. Investors also watch the number of corporate investors in a company very closely, which is 79.36% institutions for Rayonier Advanced Materials Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at RYAM for having 10.05 million shares of worth $26.32 million. And as of Jun 29, 2022, it was holding 15.70% of the company’s outstanding shares.
The second largest institutional holder is Condire Management, LP, which was holding about 6.21 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 9.71% of outstanding shares, having a total worth of $16.27 million.
On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2022, the former fund manager was holding 4.81 million shares of worth $15.14 million or 7.51% of the total outstanding shares. The later fund manager was in possession of 1.78 million shares on Jun 29, 2022, making its stake of worth around $4.67 million in the company or a holder of 2.79% of company’s stock.