During the last session, Ramaco Resources Inc (NASDAQ:METC)’s traded shares were 0.47 million, with the beta value of the company hitting 1.16. At the end of the trading day, the stock’s price was $12.02, reflecting an intraday gain of 0.59% or $0.07. The 52-week high for the METC share is $22.45, that puts it down -86.77 from that peak though still a striking 25.71% gain since the share price plummeted to a 52-week low of $8.93. The company’s market capitalization is $616.45M, and the average intraday trading volume over the past 10 days was 0.66 million shares, and the average trade volume was 538.52K shares over the past three months.
Ramaco Resources Inc (METC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. METC has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.29.
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Ramaco Resources Inc (NASDAQ:METC) trade information
Ramaco Resources Inc (METC) registered a 0.59% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.59% in intraday trading to $12.02, hitting a weekly high. The stock’s 5-day price performance is 1.01%, and it has moved by -1.18% in 30 days. Based on these gigs, the overall price performance for the year is -22.13%. The short interest in Ramaco Resources Inc (NASDAQ:METC) is 3.01 million shares and it means that shorts have 5.55 day(s) to cover.
The consensus price target of analysts on Wall Street is $12, which implies a decrease of -0.17% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $12 respectively. As a result, METC is trading at a premium of 0.17% off the target high and 0.17% off the low.
Ramaco Resources Inc (METC) estimates and forecasts
Statistics show that Ramaco Resources Inc has underperformed its competitors in share price, compared to the industry in which it operates. Ramaco Resources Inc (METC) shares have gone down -0.61% during the last six months, with a year-to-date growth rate less than the industry average at -50.29% against -18.60. In the rating firms’ projections, revenue will decrease -1.04% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 176.04M as predicted by 2 analyst(s).
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.46%. While earnings are projected to return -78.12% in 2024, the next five years will return 4.23% per annum.
METC Dividends
Ramaco Resources Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Ramaco Resources Inc is 0.41, with the dividend yield indicating at 3.39 percent, continuing the trend of increasing dividends in recent years.
Ramaco Resources Inc (NASDAQ:METC)’s Major holders
Ramaco Resources Inc insiders own 9.75% of total outstanding shares while institutional holders control 73.88%, with the float percentage being 81.86%. JB CAPITAL PARTNERS LP is the largest shareholder of the company, while 204.0 institutions own stock in it. As of 2024-06-30, the company held over 47000.0 shares (or 0.0921% of all shares), a total value of $0.51 million in shares.
Also, the Mutual Funds coming in first place with the largest holdings of Ramaco Resources Inc (METC) shares are Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 862.95 shares. This amounts to just over 1.97 percent of the company’s overall shares, with a $10.37 million market value. The same data shows that the other fund manager holds slightly less at 717.38, or about 1.64% of the stock, which is worth about $8.62 million.
