Currently, there are 44.41M common shares owned by the public and among those 28.36M shares have been available to trade.
The company’s stock has a 5-day price change of -11.13% and 28.74% over the past three months. METC shares are trading -9.00% year to date (YTD), with the 12-month market performance up to 4.82% higher. It has a 12-month low price of $5.93 and touched a high of $14.22 over the same period. METC has an average intraday trading volume of 922.04K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.35%, 3.17%, and 4.24% respectively.
Institutional ownership of Ramaco Resources Inc (NASDAQ: METC) shares accounts for 40.87% of the company’s 44.41M shares outstanding.
It has a market capitalization of $507.20M and a beta (3y monthly) value of 1.33. The earnings-per-share (ttm) stands at -$0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 16.48% over the week and 9.76% over the month.
Analysts forecast that Ramaco Resources Inc (METC) will achieve an EPS of -0.2 for the current quarter, -0.0 for the next quarter and 1.24 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.25 while analysts give the company a high EPS estimate of -0.25. Comparatively, EPS for the current quarter was 0.13 a year ago. Earnings per share for the fiscal year are expected to decrease by -518.13%, and 366.69% over the next financial year. EPS should grow at an annualized rate of 109.38% over the next five years, compared to -19.33% over the past 5-year period.
Looking at the support for the METC, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on January 16, 2024, with the firm’s price target at $21. Jefferies coverage for the Ramaco Resources Inc (METC) stock in a research note released on June 07, 2022 offered a Buy rating with a price target of $25. The Benchmark Company was of a view on February 22, 2021 that the stock is Buy, while BMO Capital Markets gave the stock Market Perform rating on December 17, 2020, issuing a price target of $4. The Benchmark Company on their part issued Buy rating on October 08, 2020.
