Rayonier Advanced Materials Inc (NYSE:RYAM) finished Friday with an addition of $0.05 to close at $3.54, an upside of 1.43 percent. An average of 1,057,900 shares of common stock have been traded in the last five days. There was a gain of $0.72 in the past week, and it reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 948,810 shares traded, while the 50-day average volume stands at 1,030,266.
RYAM stock has decreased by -3.28% in the last month. The company shares reached their 1-month lowest point of $2.75 on 09/21/23. With the stock rallying to its 52-week high on 01/04/23, shares of the company touched a low of $2.75 and a high of $9.84 in 52 weeks. It has reached a new high 2 times so far this year and lost -63.13% or -$6.06 in price. In spite of this, the price is down -64.02% from the 52-week high.
Valuation Metrics
Rayonier Advanced Materials Inc (RYAM) has a trailing price-to-earnings (P/E) ratio of 28.27. The stock’s beta is 3.15. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.13, the price-to-book (PB) ratio at 0.28, and the price-to-cash flow ratio at 2.78.
Financial Health
The quick ratio of Rayonier Advanced Materials Inc for the three months ended June 29 was 1.02, and the current ratio was 1.56, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.94 and a total debt to equity ratio of 1.05 for the quarter ending June 29. Its gross profit as reported stood at $123.08 million compared to revenue of $1.72 billion.
Earnings Surprise
For the three-month period that ended June 29, Rayonier Advanced Materials Inc had $752.8 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 -$16.75 million in the quarter, while revenues of $1.61 million were shrunk -38.93%. The analyst consensus anticipated Rayonier Advanced Materials Inc’s latest quarter earnings to come in at -$0.12 per share, but it turned out to be -$0.26, a -116.70% surprise. For the quarter, EBITDA amounted to $25.98 million. Shareholders own equity worth $65.34 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 29 September was 67.86%, suggesting the stock is Neutral, with historical volatility in this time frame at 75.25%.
As of today, RYAM’s price is $3.33 +25.53% or $0.72 from its 5-day moving average. RYAM is currently trading +0.28% higher than its 20-day SMA and -36.10% lower than its 100-day SMA. However, the stock’s current price level is -25.32% below the SMA50 and -57.09% below the SMA200.
The stochastic %K and %D were 86.70% and 81.61%, respectively, and the average true range (ATR) was 0.23. With the 14-day stochastic at 84.04% and the average true range at 0.23, the RSI (14) stands at 58.82%. The stock has reached 0.31 on the 9-day MACD Oscillator while the 14-day reading was at 0.29.
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 Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RYAM, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
