Rayonier Advanced Materials Inc. (NYSE:RYAM) finished Wednesday with a subtraction of -$0.98 to close at $3.27, a downside of -23.06 percent. An average of 1,367,360 shares of common stock have been traded in the last five days. There was a fall of -$1.20 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 1,000,260 shares traded, while the 50-day average volume stands at 1,434,048.
RYAM stock has decreased by -25.34% in the last month. The company shares reached their 1-month lowest point of $2.92 on 08/09/23. With the stock rallying to its 52-week high on 01/04/23, shares of the company touched a low of $2.84 and a high of $9.84 in 52 weeks. It has reached a new high 2 times so far this year and lost -65.94% or -$6.33 in price. In spite of this, the price is down -66.77% from the 52-week high.
Valuation Metrics
Rayonier Advanced Materials Inc. (RYAM) stock’s beta is 3.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.12, the price-to-book (PB) ratio at 0.25, and the price-to-cash flow ratio at 7.59.
Financial Health
The quick ratio of Rayonier Advanced Materials Inc. for the three months ended March 30 was 1.30, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.00 and a total debt to equity ratio of 1.02 for the quarter ending March 30. Rayonier Advanced Materials Inc.’s EBITDA margin for the year ending March 30 is 9.46%, while its operating margin for the same period stands at 3.20%. Its gross profit as reported stood at $123.08 million compared to revenue of $1.72 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Rayonier Advanced Materials Inc.’s return on assets was 0.50%.
Earnings Surprise
For the three-month period that ended March 30, Rayonier Advanced Materials Inc. had $831.43 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.61 million in the quarter, while revenues of $3.59 million were grew 1643.48%. The analyst consensus anticipated Rayonier Advanced Materials Inc.’s latest quarter earnings to come in at $0.06 per share, but it turned out to be $0.02, a -66.70% surprise. For the quarter, EBITDA amounted to $51.85 million. Shareholders own equity worth $65.12 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Rayonier Advanced Materials Inc. (RYAM) price momentum. RSI 9-day as of the close on 09 August was 16.37%, suggesting the stock is oversold, with historical volatility in this time frame at 128.07%.
As of today, RYAM’s price is $4.12 -26.85% or -$1.20 from its 5-day moving average. RYAM is currently trading -27.17% lower than its 20-day SMA and -49.30% lower than its 100-day SMA. However, the stock’s current price level is -19.06% below the SMA50 and -0.61% below the SMA200.
The stochastic %K and %D were 11.09% and 8.32%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 13.66% and the average true range at 0.33, the RSI (14) stands at 25.22%. The stock has reached -0.43 on the 9-day MACD Oscillator while the 14-day reading was at -0.62.
Analyst Ratings
RBC Capital Mkts upgraded Rayonier Advanced Materials Inc. (NYSE: RYAM) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for Rayonier Advanced Materials Inc. (RYAM) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RYAM, while 0 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is RYAM’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $7.00, with a median target of $5.50. Taking a look at these predictions, the average price target given by analysts for Rayonier Advanced Materials Inc. (RYAM) stock is $5.50.
