Warrior Met Coal Inc (NYSE:HCC) saw an upside of 10.38% to $51.88 after adding $4.88 on Wednesday. The 5-day average trading volume is 529,461 shares of the company’s common stock. It has gained $52.29 in the past week and touched a new high 3 times within the past 5 days. An average of 741,475 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 662,796.
HCC’s 1-month performance is 31.41% or $13.03 on its low of $38.83 reached on 08/28/23. The company’s shares have touched a 52-week low of $26.84 and high of $48.63, with the stock’s rally to the 52-week high happening on 09/27/23. YTD, HCC has achieved 53.43% or $17.08 and has reached a new high 23 times. However, the current price is up 6.68% from the 52-week high price.
Insider Transactions
HCC stock investors last saw insider trading activity on Sep 13.Chopin Brian M (Chief Accounting Officer) most recently sold 2,816 shares at $45.00 per share on Sep 13. This transaction cost the insider $126,720.
Valuation Metrics
HCC stock has a beta of 1.06. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.66 while the price-to-book (PB) in the most recent quarter is 1.62, with the price to cash flow ratio at 7.19.
Warrior Met Coal Inc’s quick ratio for the period ended June 29 was 8.68, with the current ratio over the same period at 9.79. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.18, while the total debt to equity was 0.20. In terms of profitability, the gross margin trailing 12 months is 38.04%. The trailing 12-month EBITDA margin is 54.97% while for the period ending June 29, Warrior Met Coal Inc’s operating margin was 34.96%. The firm’s gross profit as reported stood at $1.0 billion against revenue of $1.74 billion.
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 -261.79% to $82.09 million, while revenue of $182.28 million was -122.05% off the previous quarter. Analysts expected HCC to announce $1.94 per share in earnings in its latest quarter, but it posted $1.63, representing a -16.00% surprise. EBITDA for the quarter stood at more than $122.49 million. HCC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 582.78 million, with total debt at $324.3 million. Shareholders hold equity totaling $52.02 million.
Let’s look briefly at Warrior Met Coal Inc (HCC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 82.08% to suggest the stock is trending Overbought, with historical volatility in this time period at 54.83%.
The stock’s 5-day moving average is $47.53, reflecting a +13.62% or $6.20 change from its current price. HCC is currently trading +29.33% above its 20-day SMA, +44.87% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +31.54% and SMA200 by+42.24%.
Stochastic %K and %D was 82.83% and 75.41% and the average true range (ATR) pointed at 1.94. The RSI (14) points at 77.65%, while the 14-day stochastic is at 94.82% with the period’s ATR at 1.74. The stock’s 9-day MACD Oscillator is pointing at 1.39 and 2.46 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Warrior Met Coal Inc (NYSE: HCC), B. Riley Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for HCC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate HCC as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is HCC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $42.00 and a high of $67.00, with their median price target at $45.00. Looking at these predictions, the average price target given by analysts is for Warrior Met Coal Inc (HCC) stock is $50.40.
