In last trading session, Ramaco Resources Inc (NASDAQ:METC) saw 0.47 million shares changing hands with its beta currently measuring 1.15. Company’s recent per share price level of $12.53 trading at -$0.24 or -1.88% at ring of the bell on the day assigns it a market valuation of $634.37M. That closing price of METC’s stock is at a discount of -81.17% from its 52-week high price of $22.70 and is indicating a premium of 27.93% from its 52-week low price of $9.03. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.5 million shares which gives us an average trading volume of 518.73K if we extend that period to 3-months.
For Ramaco Resources Inc (METC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.29 in the current quarter.
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Ramaco Resources Inc (NASDAQ:METC) trade information
Upright in the red during last session for losing -1.88%, in the last five days METC remained trading in the red while hitting it’s week-highest on Friday, 11/22/24 when the stock touched $12.53 price level, adding 5.08% to its value on the day. Ramaco Resources Inc’s shares saw a change of -27.07% in year-to-date performance and have moved -4.68% in past 5-day. Ramaco Resources Inc (NASDAQ:METC) showed a performance of 24.68% in past 30-days. Number of shares sold short was 3.19 million shares which calculate 6.34 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 12 to the stock, which implies a fall of -4.42% to its current value. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would jump 4.23% in reaching the projected high whereas dropping to the targeted low would mean a gain of 4.23% for stock’s current value.
Ramaco Resources Inc (METC) estimates and forecasts
Statistics highlight that Ramaco Resources Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -11.45% of value to its shares in past 6 months, showing an annual growth rate of -50.29% while that of industry is -18.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.04% 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 176.04M for the same.
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 6.46% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -78.03% while estimates for its earnings growth in next 5 years are of 4.23%.
Ramaco Resources Inc (NASDAQ:METC)’s Major holders
Insiders are in possession of 9.75% of company’s total shares while institution are holding 73.88 percent of that, with stock having share float percentage of 81.86%. Investors also watch the number of corporate investors in a company very closely, which is 73.88% institutions for Ramaco Resources Inc that are currently holding shares of the company. JB CAPITAL PARTNERS LP is the top institutional holder at METC for having 47000.0 shares of worth $0.51 million. And as of 2024-06-30, it was holding 0.0921 of the company’s outstanding shares.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 862.95 shares of worth $11.0 million or 1.97% of the total outstanding shares. The later fund manager was in possession of 719.76 shares on Aug 31, 2024 , making its stake of worth around $9.18 million in the company or a holder of 1.64% of company’s stock.
