There is no doubt that Rayonier Advanced Materials Inc. (RYAM) ticks all the boxes.

Rayonier Advanced Materials Inc. (NYSE: RYAM) stock fell -16.22% on Friday to $5.68 against a previous-day closing price of $6.78. With 1.98 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.57 million shares. During the session, the Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $6.52 whereas the lowest price it dropped to was $5.66. The 52-week range on RYAM shows that it touched its highest point at $9.84 and its lowest point at $2.43 during that stretch. It currently has a 1-year price target of $6.00. Beta for the stock currently stands at 3.26.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RYAM was down-trending over the past week, with a drop of -11.94%, but this was down by -29.53% over a month. Three-month performance surged to 70.06% while six-month performance rose 94.52%. The stock lost -15.22% in the past year, while it has lost -40.83% so far this year. A look at the trailing 12-month EPS for RYAM yields -0.94 with Next year EPS estimates of -0.35. For the next quarter, that number is 0.04. This implies an EPS growth rate of -29.90% for this year and -29.60% for next year.

Float and Shares Shorts:

At present, 63.97 million RYAM shares are outstanding with a float of 61.24 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.46 million, which was 3.84% higher than short shares on Sep 14, 2022. In addition to Mr. De Lyle W. Bloomquist as the firm’s Pres, CEO & Director, Mr. Marcus J. Moeltner serves as its CFO & Sr. VP of Fin.

Institutional Ownership:

Through their ownership of 79.36% of RYAM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 7.10% of RYAM, in contrast to 41.21% held by mutual funds. Shares owned by individuals account for 34.49%. As the largest shareholder in RYAM with 14.82% of the stake, BlackRock Fund Advisors holds 9,483,146 shares worth 9,483,146. A second-largest stockholder of RYAM, Condire Management LP, holds 6,209,316 shares, controlling over 9.71% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in RYAM, holding 4,294,916 shares or 6.71% stake. With a 7.40% stake in RYAM, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 4,732,384 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 3.16% of RYAM stock, is the second-largest Mutual Fund holder. It holds 2,021,725 shares valued at 19.41 million. iShares Russell 2000 ETF holds 2.16% of the stake in RYAM, owning 1,380,346 shares worth 13.25 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RYAM since 2 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RYAM analysts setting a high price target of $8.00 and a low target of $4.00, the average target price over the next 12 months is $6.00. Based on these targets, RYAM could surge 40.85% to reach the target high and fall by -29.58% to reach the target low. Reaching the average price target will result in a growth of 5.63% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. RYAM will report FY 2022 earnings on 02/22/2024. Analysts have provided yearly estimates in a range of -$0.25 being high and -$0.36 being low. For RYAM, this leads to a yearly average estimate of -$0.30. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Rayonier Advanced Materials Inc. surprised analysts by $0.18 when it reported $0.28 EPS against a consensus estimate of $0.10. The surprise factor in the prior quarter was -$0.19. Based on analyst estimates, the high estimate for the next quarter is $0.06 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.04.

Summary of Insider Activity:

Insiders traded RYAM stock several times over the past three months with 3 Buys and 1 Sells. In these transactions, 70,578 shares were bought while 15,964 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 297,012 while 55,089 shares were sold.

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