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Is Rayonier Advanced Materials Inc. (NYSE: RYAM) Expensive At $6.01? Check These Facts.

Rayonier Advanced Materials Inc. (NYSE:RYAM)’s traded shares stood at 1.44 million during the last session, with the company’s beta value hitting 3.18. At the close of trading, the stock’s price was $6.01, to imply a decrease of -6.82% or -$0.44 in intraday trading. The RYAM share’s 52-week high remains $9.84, putting it -63.73% down since that peak but still an impressive 59.57% since price per share fell to its 52-week low of $2.43. The company has a valuation of $434.34M, with an average of 0.84 million shares in intraday trading volume over the past 10 days and average of 784.43K shares over the past 3 months.

Rayonier Advanced Materials Inc. (NYSE:RYAM) trade information

After registering a -6.82% downside in the last session, Rayonier Advanced Materials Inc. (RYAM) has traded red over the past five days. The stock hit a weekly high of 6.68 this Friday, 03/17/23, dropping -6.82% in its intraday price action. The 5-day price performance for the stock is -12.13%, and -14.51% over 30 days. With these gigs, the year-to-date price performance is -37.40%. Short interest in Rayonier Advanced Materials Inc. (NYSE:RYAM) saw shorts transact 1.57 million shares and set a 2.15 days time to cover.

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Analysts on Wall Street suggest a consensus price target of $6.00, implying a decrease of -0.17% to the stock’s current value. The extremes give us $4.00 and $8.00 for target low and target high price respectively. As such, RYAM has been trading -33.11% off suggested target high and 33.44% from its likely low.

Rayonier Advanced Materials Inc. (RYAM) estimates and forecasts

Looking at statistics comparing Rayonier Advanced Materials Inc. share performance against respective industry, we note that the company has outperformed competitors. Rayonier Advanced Materials Inc. (RYAM) shares are 30.09% up over the last 6 months, with its year-to-date growth rate higher than industry average at 2.78% against -20.10%. The rating firms project that company’s revenue will grow 17.40% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is $436.36 million.

RYAM Dividends

Rayonier Advanced Materials Inc. has its next earnings report out between May 01 and May 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Rayonier Advanced Materials Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Rayonier Advanced Materials Inc. (NYSE:RYAM)’s Major holders

Rayonier Advanced Materials Inc. insiders hold 4.35% of total outstanding shares, with institutional holders owning 76.02% of the shares at 79.48% float percentage. In total, 76.02% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 9.98 million shares (or 15.60% of shares), all amounting to roughly $31.43 million.

The next major institution holding the largest number of shares is Condire Management, LP with 6.21 million shares, or about 9.71% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $19.56 million.

We also have iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Rayonier Advanced Materials Inc. (RYAM) shares. Going by data provided on Dec 30, 2022, iShares Core S&P Smallcap ETF holds roughly 4.74 million shares. This is just over 7.41% of the total shares, with a market valuation of $45.52 million. Data from the same date shows that the other fund manager holds a little less at 2.02 million, or 3.16% of the shares, all valued at about 6.37 million.

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