Ramaco Resources Inc (NASDAQ:METC)’s traded shares stood at 0.67 million during the last session, with the company’s beta value hitting 1.15. At the close of trading, the stock’s price was $11.90, to imply a decrease of -7.25% or -$0.93 in intraday trading. The METC share’s 52-week high remains $22.45, putting it -88.66% down since that peak but still an impressive 24.96% since price per share fell to its 52-week low of $8.93. The company has a valuation of $605.51M, with an average of 0.6 million shares in intraday trading volume over the past 10 days and average of 539.75K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Ramaco Resources Inc (METC), translating to a mean rating of 1.00. Of 5 analyst(s) looking at the stock, 0 analyst(s) give METC a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.29.
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Ramaco Resources Inc (NASDAQ:METC) trade information
After registering a -7.25% downside in the last session, Ramaco Resources Inc (METC) has traded red over the past five days. The 5-day price performance for the stock is -5.62%, and -3.11% over 30 days. With these gigs, the year-to-date price performance is -29.96%. Short interest in Ramaco Resources Inc (NASDAQ:METC) saw shorts transact 3.19 million shares and set a 6.34 days time to cover.
The extremes give us $12 and $12 for target low and target high price respectively. As such, METC has been trading -0.84% off suggested target high and -0.84% from its likely low.
Ramaco Resources Inc (METC) estimates and forecasts
Looking at statistics comparing Ramaco Resources Inc share performance against respective industry, we note that the company has underperformed competitors. Ramaco Resources Inc (METC) shares are -8.14% down over the last 6 months, with its year-to-date growth rate lower than industry average at -50.29% against -18.60%. The rating firms project that company’s revenue will shrink -1.04% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 176.04M.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 6.46% for the past 5-year period. While 2024 is set for a -78.03% return in earnings, projections for the next 5 years are at 4.23% annually.
METC Dividends
Ramaco Resources Inc has its next earnings report out in January. 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. Ramaco Resources Inc has a forward dividend ratio of 0.41, with the share yield ticking at 3.47% to continue the rising pattern observed over the past year.
Ramaco Resources Inc (NASDAQ:METC)’s Major holders
Ramaco Resources Inc insiders hold 9.75% of total outstanding shares, with institutional holders owning 73.88% of the shares at 81.86% float percentage. In total, 73.88% institutions holds shares in the company, led by JB CAPITAL PARTNERS LP. As of 2024-06-30, the company held over 47000.0 shares (or 0.0921% of shares), all amounting to roughly $0.51 million.
