Ramaco Resources Inc (NASDAQ:METC) shares, rose in value on Friday, March 07, with the stock price down by -4.62% to the previous day’s close as strong demand from buyers drove the stock to $8.47.
Actively observing the price movement in the last trading, the stock closed the session at $8.88. The PE ratio was 12.28 over 12-month period. Referring to stock’s 52-week performance, its high was $20.17, and the low was $8.34. On the whole, METC has fluctuated by -13.69% over the past month.
With the market capitalization of Ramaco Resources Inc currently standing at about $445.91 million, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.41, with its dividend yield at 4.87%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 664.66M, with a low estimate of 153.77M and a high estimate of 179.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 166.59M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that METC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of METC currently trading nearly -10.23% and -11.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.97, while the 7-day volatility ratio is showing 6.21% which for the 30-day chart, stands at 5.66%. Furthermore, Ramaco Resources Inc (METC)’s beta value is 1.13, and its average true range (ATR) is 0.53.
A comparison of Ramaco Resources Inc (METC) with its peers suggests the former has fared considerably weaker in the market. METC showed an intraday change of -4.62% in last session, and over the past year, it shrunk by -53.16%%.
Data on historical trading for Ramaco Resources Inc (NASDAQ:METC) indicates that the trading volumes over the past 3 months, they’ve averaged 507.97K. According to company’s latest data on outstanding shares, there are 43.80 million shares outstanding.
Nearly 48.88% of Ramaco Resources Inc’s shares belong to company insiders and institutional investors own 37.69% of the company’s shares. The stock has fallen by -16.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the METC stock heading into the next quarter.
