Ramaco Resources Inc (NASDAQ: METC) is -12.35% lower on its value in year-to-date trading and has touched a low of $8.17 and a high of $18.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The METC stock was last observed hovering at around $11.62 in the last trading session, with the day’s loss setting it -2.76%.
Currently trading at $8.86, the stock is -5.83% and -7.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.48 million and changing -23.75% at the moment leaves the stock -21.20% off its SMA200. METC registered -56.03% loss for a year compared to 6-month gain of -3.47%.
The stock witnessed a -10.79% loss in the last 1 month and extending the period to 3 months gives it a -24.43%, and is -1.99% down 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 15.59% over the week and 8.05% over the month.
Ramaco Resources Inc (METC) has around 811 employees, a market worth around $452.11M and $698.13M in sales. Current P/E ratio is 12.84 and Fwd P/E is 5.35. Profit margin for the company is 5.35%. Distance from 52-week low is 8.45% and -52.63% from its 52-week high. The company has generated returns on investments over the last 12 months (8.39%).
with sales reaching $137.1M over the same period.The EPS is expected to grow by 384.85% this year, but quarterly earnings will post 10.45% year-over-year. Quarterly sales are estimated to shrink -20.60% in year-over-year returns.
The shares outstanding are 43.80M, and float is at 26.96M with Short Float at 14.85%.
The top institutional shareholder in the company is YORKTOWN ENERGY PARTNERS IX, L.P. with over 4.85 million shares valued at $60.44 million. The investor’s holdings represent 9.6277 of the METC Shares outstanding. As of 2024-06-30, the second largest holder is YORKTOWN ENERGY PARTNERS XI, L.P. with 4.84 million shares valued at $60.2 million to account for 9.5895 of the shares outstanding. The other top investors are YORKTOWN ENERGY PARTNERS X, L.P. which holds 3.2 million shares representing 6.3383 and valued at over $39.79 million, while POINT72 ASSET MANAGEMENT, L.P. holds 2.1835 of the shares totaling 1.1 million with a market value of $13.71 million.
Ramaco Resources Inc (METC) Insider Activity
The most recent transaction is an insider purchase by Jenkins Evan H, the company’s GENERAL COUNSEL. SEC filings show that Jenkins Evan H bought 7,158 shares of the company’s common stock on May 29 ’24 at a price of $13.97 per share for a total of $99997.0. Following the purchase, the insider now owns 23480.0 shares.
Ramaco Resources Inc disclosed in a document filed with the SEC on May 24 ’24 that Jenkins Evan H (GENERAL COUNSEL) bought a total of 1,769 shares of the company’s common stock. The trade occurred on May 24 ’24 and was made at $14.13 per share for $25000.0. Following the transaction, the insider now directly holds 16321.0 shares of the METC stock.
