With over 5.42 million Ramaco Resources Inc (METC) shares trading Monday and a closing price of $18.30 on the day, the dollar volume was approximately $99.12 million. The shares have shown a positive half year performance of 134.05% and its price on 11/13/23 gained nearly 4.75%. Currently, there are 44.16M common shares owned by the public and among those 43.15M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for METC have a consensus price objective of $14.50. The analysts have set the share’s price value over the next 12 months at a high of $16.00 and a low of $12.00. The average price target is -26.21% below its recent price level and a downside to the estimated low will see the stock lose -52.5% over that period. But a downside of -14.38% will see the stock hit the forecast high price target while median target price for the stock is $15.00.
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Insiders at the company have transacted a total of 20 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 137,653 shares. Insider sales of the common stock occurred on 8 occasions, with total insider shares sold totaling 39,485 shares.
Shares of Ramaco Resources Inc (NASDAQ: METC) opened at $18.00, up $0.53 from a prior closing price of $17.47. However, the script later moved the day high at 19.75, up 4.75%. The company’s stock has a 5-day price change of 53.52% and 127.05% over the past three months. METC shares are trading 154.55% year to date (YTD), with the 12-month market performance up to 112.08% higher. It has a 12-month low price of $5.94 and touched a high of $17.71 over the same period. METC has an average intraday trading volume of 480.63K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 48.03%, 74.28%, and 115.65% respectively.
Institutional ownership of Ramaco Resources Inc (NASDAQ: METC) shares accounts for 21.65% of the company’s 44.16M shares outstanding.
It has a market capitalization of $964.23M and a beta (3y monthly) value of 1.20. The stock’s trailing 12-month PE ratio is 12.73, while the earnings-per-share (ttm) stands at $1.44. The company has a PEG of 3.01 and a Quick Ratio of 0.83 with the debt-to-equity ratio at 0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.89% over the week and 7.50% over the month.
Analysts forecast that Ramaco Resources Inc (METC) will achieve an EPS of $Roundhill Ball Metaverse ETF for the current quarter, $12.31 for the next quarter and $ETF for Type. The lowest estimate earnings-per-share for the quarter is $Ramaco Resources, Inc. while analysts give the company a high EPS estimate of $MetLife, Inc.. Comparatively, EPS for the current quarter was $METV a year ago. Earnings per share for the fiscal year are expected to decrease by -15.71%, and 19.53% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Ramaco Resources Inc (METC) as a “Strong Buy” at a consensus score of 1.50. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 1 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the METC, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on June 07, 2022, with the firm’s price target at $16-$25.
