Does Wall Street Rate Ramaco Resources Inc. (METC) Shares A Sell?


As of Wednesday close, Ramaco Resources Inc.’s (NASDAQ:METC) stock was up $0.09, moving up 0.81 percent to $11.21. The average number of shares traded per day over the past five days has been 422,600 shares. 4 times new highs have been achieved over the past 5 days, with a $0.28 gain in that time frame. In the last twenty days, the average volume was 575,335, while in the previous 50 days, it was 587,570.

Since last month, METC stock retreated -0.36%. Shares of the company fell to $10.01 on 11/10/22, the lowest level in the past month. A 52-week high of $21.73 was reached on 03/11/22 after having rallying from a 52-week low of $8.43. Since the beginning of this year, METC’s stock price has dropped by -17.57% or -$2.39, and marked a new high 11 times. However, the stock has declined by -48.41% since its 52-week high.

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METC stock investors should be aware that Ramaco Resources Inc. (METC) stock had its last reported insider trading activity 83 days ago on Sep 02. FRISCHKORN DAVID E K, the Director of the company, disposed of 5,000 shares for $9.89 on Sep 02. It resulted in a $49,450 divestment by the insider. FRISCHKORN DAVID E K sold 5,000 shares at an average price of $11.66 on Aug 18. The insider now owns 35,439 shares following the transaction. On Jun 01, 10% Owner Yorktown Energy Partners IX, L sold 177,295 shares at $13.69 apiece. The transaction was valued at $2,427,683.

Valuation Metrics

Right now, Ramaco Resources Inc. (METC) has a P/E ratio of about 4.18. The stock’s beta is 1.09. Besides these, the trailing price-to-sales (P/S) ratio of 0.97, the price-to-book (PB) ratio of 1.66, and the price-to-cash flow ratio of 8.96 may also be considered.

The latest dividend of $0.1133 per share was paid out, which is 3.0% more than last year’s $0.11. On Wednesday September 28 2022, a $0.0033 dividend increase was announced.

Financial Health

In the three months ended June 29, Ramaco Resources Inc.’s quick ratio stood at 0.70, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.21, and the total debt-to-equity ratio was 0.45. On the profitability front, the trailing twelve-month gross margin is 44.20% percent. In the year ended June 29, operating margins totaled 29.90%. Based on annual data, METC earned $87.98 million in gross profit and brought in $283.39 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.30%. Return on equity (ROE) for the past 12 months was 46.20%.

In Ramaco Resources Inc.’s quarter-end financial report for June 29, it reported total debt of $16.84 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. METC’s revenue rose 44.22% to $138.66 million during the quarter, while net income inched up to $136.93 million. While analysts expected Ramaco Resources Inc. to report $1.49 quarterly earnings, the actual figure was $0.74 per share, beating the consensus estimate by -50.30%. During the quarter, the company generated $48.25 million in EBITDA. The liabilities of Ramaco Resources Inc. were 263.46 million at the end of its most recent quarter ended June 29, and its total debt was $99.5 million. The value of shareholders’ equity is $44.12 million.

Technical Picture

This quick technical analysis looks at Ramaco Resources Inc.’s (METC) price momentum. With a historical volatility rate of 25.10%, the RSI 9-day stood at 55.45% on 23 November.

With respect to its five-day moving average, the current Ramaco Resources Inc. price is up by +2.56% percent or $0.28. At present, METC shares trade +1.26% above its 20-day simple moving average and -4.35% percent below its 100-day simple moving average. However, the stock is currently trading approximately +16.17% above its SMA50 and -25.42% below its SMA200.

Stochastic coefficient K was 37.61% and Stochastic coefficient D was 31.71%, while ATR was 0.67. Given the Stochastic reading of 42.96% for the 14-day period, the RSI (14) reading has been calculated as 53.80%. As of today, the MACD Oscillator reading stands at 0.22, while the 14-day reading stands at 0.05.

Analyst Ratings

Jefferies upgraded its rating on Ramaco Resources Inc. (NASDAQ: METC) to a Buy in a note to investors on June 07, 2022. The analysts firm previously had a Hold rating on the stock.Ramaco Resources Inc. (METC) has been rated Overweight by analysts. According to 0 brokerage firms, METC is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ramaco Resources Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $14.50, the current consensus forecast for the stock is $14.00 – $16.00. Based on these forecasts, analysts predict Ramaco Resources Inc. (METC) will achieve an average price target of $14.75.


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