The stock of Rayonier Advanced Materials Inc. (NYSE:RYAM) increased by $0.06 on Friday to finish at $3.32, up 1.84 percent. The last five days have seen an average of 997,820 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$6.28. The average number of shares traded over the last 20 days was 1,171,650, while the average volume over the last 50 days totaled 1,371,646.
RYAM stock dropped -30.54% since last month. On 08/17/23, the company’s shares reached a one-month low of $2.84. The stock touched a high of $9.84 on 01/04/23, after rallying from a low of $2.84 in 52 weeks. The price of RYAM stock has declined by -65.42% or -$6.28 this year, reaching a new high 2 times. Still, the stock price is down -66.26% from the 52-week high.
Insider Transactions
RYAM stock investors should be aware that Rayonier Advanced Materials Inc. (RYAM) stock had its last reported insider trading activity 88 days ago on Jun 01. On Jun 01, CAO & SVP, Human Resources Posze James L Jr acquired 3,000 shares at $3.51 each. This transaction resulted in the insider spending $10,530. On May 30, Hicks Joshua C. added 10,000 shares at a price of US$3.65. After the transaction, the insider now owns 89,595 shares. SVP, High Purity Cellulose Hicks Joshua C. had earlier bought 10,000 shares on May 25 for $3.96 a share. The transaction was completed for $39,600.
Valuation Metrics
Rayonier Advanced Materials Inc. (RYAM) has a trailing price-to-earnings (P/E) ratio of 27.44. Beta for the stock is 3.22. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.12, the price-to-book (PB) ratio of 0.27, and the price-to-cash flow ratio of 2.56.
Company paid $0.07 per share in dividends, remained unchanged from $0.07 last year.
Financial Health
For the recent quarter, Rayonier Advanced Materials Inc.’s quick ratio was 1.00, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.92, and the total debt to equity ratio is 1.02. As far as profitability goes, gross margin for the trailing twelve months is 7.80% percent. Rayonier Advanced Materials Inc.’s EBITDA margin for the recent year was 9.46%, whereas its operating margin stood at 3.00% for the same period. Based on annual data, it had gross profit of $123.08 million and revenue of $1.72 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RYAM’s return on assets (ROA) during the last 12 months has been 0.80%. There was a 1.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.20%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $384.63 million, while revenues fell by -3.79% to $466.76 million. EBITDA was $25.98 million for the quarter. At the end of Rayonier Advanced Materials Inc.’s most recent quarter, its liabilities totaled 1.49 billion, while its total debt was $851.37 million. Equity owned by shareholders amounts to $65.34 million.
Technical Picture
Here’s a quick look at Rayonier Advanced Materials Inc.’s (RYAM) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 42.43%, suggesting the stock is Neutral, with a 56.53% historical volatility rate.
The stochastic %K and %D were 29.25% and 23.52% respectively, while the average true range (ATR) was 0.21. Based on the 14-day stochastic reading of 32.99%, the RSI (14) reading is 38.90%. On the 9-day MACD Oscillator, the stock is at 0.18, and the 14-day reading is at 0.06.
Analyst Ratings
In its most recent analyst report, RBC Capital Mkts raised its rating on Rayonier Advanced Materials Inc. (NYSE: RYAM) to an Outperform. Prior to this, analysts firm rated the stock as a Sector perform. Analysts have assigned Rayonier Advanced Materials Inc. (RYAM) an Buy rating. RYAM is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is RYAM’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $6.00, with a median target price of $6.00. In analyzing these forecasts, the average price target given by analysts for Rayonier Advanced Materials Inc. (RYAM) is $6.00.
