In last trading session, Ramaco Resources Inc (NASDAQ:METC) saw 2.48 million shares changing hands with its beta currently measuring 0.94. Company’s recent per share price level of $8.86 trading at -$2.76 or -23.75% at ring of the bell on the day assigns it a market valuation of $452.11M. That closing price of METC’s stock is at a discount of -111.06% from its 52-week high price of $18.70 and is indicating a premium of 7.79% from its 52-week low price of $8.17. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.01 million shares which gives us an average trading volume of 543.73K 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 -0.17 in the current quarter.
Ramaco Resources Inc (NASDAQ:METC) trade information
Upright in the red during last session for losing -23.75%, in the last five days METC remained trading in the red while hitting it’s week-highest on Tuesday, 03/11/25 when the stock touched $8.86 price level, adding 24.53% to its value on the day. Ramaco Resources Inc’s shares saw a change of -12.35% in year-to-date performance and have moved -1.99% in past 5-day. Ramaco Resources Inc (NASDAQ:METC) showed a performance of -10.79% in past 30-days. Number of shares sold short was 4.0 million shares which calculate 8.05 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 12 to the stock, which implies a rise of 26.17% 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 drop -35.44% in reaching the projected high whereas dropping to the targeted low would mean a loss of -35.44% for stock’s current value.
Ramaco Resources Inc (METC) estimates and forecasts
This year revenue growth is estimated to rise 10.45% 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 137.1M for the same. And 2 analysts are in estimates of company making revenue of 185.36M in the next quarter. Company posted 172.68M and 155.31M of sales in current and next quarters respectively a year earlier.
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 2025, company’s earnings growth rate is likely to be around 384.85% while estimates for its earnings growth in next 5 years are of 126.01%.
Ramaco Resources Inc (NASDAQ:METC)’s Major holders
Insiders are in possession of 10.22% of company’s total shares while institution are holding 73.12 percent of that, with stock having share float percentage of 81.45%. Investors also watch the number of corporate investors in a company very closely, which is 73.12% institutions for Ramaco Resources Inc that are currently holding shares of the company. YORKTOWN ENERGY PARTNERS IX, L.P. is the top institutional holder at METC for having 4.85 million shares of worth $60.44 million. And as of 2024-06-30, it was holding 9.6277 of the company’s outstanding shares.
The second largest institutional holder is YORKTOWN ENERGY PARTNERS XI, L.P., which was holding about 4.84 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.5895 of outstanding shares, having a total worth of $60.2 million.
