Rayonier Advanced Materials Inc (NYSE: RYAM) is 142.72% higher on its value in year-to-date trading and has touched a low of $2.88 and a high of $8.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RYAM stock was last observed hovering at around $8.13 in the last trading session, with the day’s gains setting it 1.7%.
Currently trading at $9.83, the stock is 21.38% and 21.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.01 million and changing 20.91% at the moment leaves the stock 68.14% off its SMA200. RYAM registered 230.98% gain for a year compared to 6-month gain of 141.52%. The firm has a 50-day simple moving average (SMA 50) of $8.0298 and a 200-day simple moving average (SMA200) of $5.8179.
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The stock witnessed a 12.99% loss in the last 1 month and extending the period to 3 months gives it a 31.42%, and is 22.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.87% over the week and 4.76% over the month.
Rayonier Advanced Materials Inc (RYAM) has around 2800 employees, a market worth around $647.73M and $1.63B in sales. Fwd P/E is 30.40. Profit margin for the company is -5.17%. Distance from 52-week low is 241.32% and 9.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.68%).
Rayonier Advanced Materials Inc quarterly earnings per share for the current quarter are estimated at -0.3 with sales reaching $404.67M over the same period.The EPS is expected to grow by 73.25% this year, but quarterly earnings will post -1.30% year-over-year. Quarterly sales are estimated to shrink -4.10% in year-over-year returns.
207.0 institutions hold shares in Rayonier Advanced Materials Inc (RYAM), with institutional investors hold 80.97% of the company’s shares. The shares outstanding are 65.39M, and float is at 62.88M with Short Float at 1.26%. Institutions hold 77.98% of the Float.
The top institutional shareholder in the company is CONDIRE MANAGEMENT, LP with over 6.36 million shares valued at $34.58 million. The investor’s holdings represent 9.7118 of the RYAM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.09 million shares valued at $27.67 million to account for 7.7715 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.6 million shares representing 5.4983 and valued at over $19.58 million, while VANGUARD GROUP INC holds 5.3497 of the shares totaling 3.5 million with a market value of $19.05 million.
