Ramaco Resources Inc (METC): What Technical Indicators Show

Ramaco Resources Inc (NASDAQ:METC) saw an upside of 15.90% to $10.82 after adding $1.48 on Wednesday. The 5-day average trading volume is 304,915 shares of the company’s common stock. It has gained $10.79 in the past week and touched a new high 5 times within the past 5 days. An average of 355,284 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 329,004.

METC’s 1-month performance is 38.42% or $2.92 on its low of $7.71 reached on 08/28/23. The company’s shares have touched a 52-week low of $5.94 and high of $10.48, with the stock’s rally to the 52-week high happening on 02/16/23. YTD, METC has achieved 50.57% or $1.88 and has reached a new high 10 times. However, the current price is up 3.32% from the 52-week high price.

Insider Transactions

METC stock investors last saw insider trading activity on May 31.FRISCHKORN DAVID E K (Director) most recently sold 2,000 shares at $7.58 per share on May 31. This transaction cost the insider $15,160. Director, Giacometto Aurelia Skipwith, sold 3,600 shares at a price of $8.96 on May 22.

Valuation Metrics

METC stock has a beta of 1.13. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.83 while the price-to-book (PB) in the most recent quarter is 1.41, with the price to cash flow ratio at 43.48.

Ramaco Resources Inc’s quick ratio for the period ended June 29 was 0.78, with the current ratio over the same period at 1.25. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.31, while the total debt to equity was 0.47. In terms of profitability, the gross margin trailing 12 months is 24.69%. The trailing 12-month EBITDA margin is 34.06% while for the period ending June 29, Ramaco Resources Inc’s operating margin was 16.79%. The firm’s gross profit as reported stood at $232.73 million against revenue of $565.69 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -340.21% to $7.56 million, while revenue of $25.26 million was -234.13% off the previous quarter. Analysts expected METC to announce $0.5 per share in earnings in its latest quarter, but it posted $0.17, representing a -66.00% surprise. EBITDA for the quarter stood at more than $23.81 million. METC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 323.29 million, with total debt at $158.03 million. Shareholders hold equity totaling $52.69 million.

Let’s look briefly at Ramaco Resources Inc (METC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 87.31% to suggest the stock is trending Overbought, with historical volatility in this time period at 67.19%.

The stock’s 5-day moving average is $9.46, reflecting a +18.69% or $1.68 change from its current price. METC is currently trading +33.88% above its 20-day SMA, +28.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.77% and SMA200 by+15.85%.

Stochastic %K and %D was 93.20% and 87.95% and the average true range (ATR) pointed at 0.47. The RSI (14) points at 80.67%, while the 14-day stochastic is at 96.04% with the period’s ATR at 0.42. The stock’s 9-day MACD Oscillator is pointing at 0.56 and 0.95 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Ramaco Resources Inc (NASDAQ: METC), Jefferies upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for METC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate METC as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is METC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.00 and a high of $15.00, with their median price target at $10.75. Looking at these predictions, the average price target given by analysts is for Ramaco Resources Inc (METC) stock is $11.63.

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