Ramaco Resources Inc (NASDAQ:METC) shares, rose in value on Friday, May 30, with the stock price down by -0.77% to the previous day’s close as strong demand from buyers drove the stock to $9.04.
Actively observing the price movement in the last trading, the stock closed the session at $9.11. Referring to stock’s 52-week performance, its high was $15.09, and the low was $6.30. On the whole, METC has fluctuated by -10.32% over the past month.
With the market capitalization of Ramaco Resources Inc currently standing at about $480.13 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.27, with its dividend yield at 2.96%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 618.12M, with a low estimate of 129.29M and a high estimate of 133.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 131.55M.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 -2.92% and 0.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.13, while the 7-day volatility ratio is showing 2.60% which for the 30-day chart, stands at 3.72%. Furthermore, Ramaco Resources Inc (METC)’s beta value is 1.19, and its average true range (ATR) is 0.56.
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 -0.77% in last session, and over the past year, it shrunk by -34.98%%.
Data on historical trading for Ramaco Resources Inc (NASDAQ:METC) indicates that the trading volumes over the past 3 months, they’ve averaged 853.36K. According to company’s latest data on outstanding shares, there are 44.41 million shares outstanding.
Nearly 48.15% of Ramaco Resources Inc’s shares belong to company insiders and institutional investors own 40.87% of the company’s shares. The stock has fallen by -10.57% 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.
