Ramaco Resources Inc (NASDAQ: METC) stock jumped 2.77% on Friday to $17.09 against a previous-day closing price of $16.63. With 1.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.69 million shares. During the session, the Coking Coal company that operates in wider Basic Materials sector, reached to the highest price of $17.21 whereas the lowest price it dropped to was $15.90. The 52-week range on METC shows that it touched its highest point at $19.94 and its lowest point at $5.94 during that stretch. It currently has a 1-year price target of $14.50. With its current market cap of 900.47 million, METC has annualized dividend of $0.50 while the current yield stands at 2.93%. Beta for the stock currently stands at 1.21.
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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 METC was down-trending over the past week, with a drop of -2.18%, but this was up by 38.49% over a month. Three-month performance surged to 115.78% while six-month performance rose 132.17%. The stock gained 91.17% in the past year, while it has gained 137.72% so far this year. A look at the trailing 12-month EPS for METC yields 1.44 with Next year EPS estimates of 2.14. For the next quarter, that number is 0.59. This implies an EPS growth rate of -15.71% for this year and 19.53% for next year.
Float and Shares Shorts:
At present, 44.16 million METC shares are outstanding with a float of 24.80 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.12 million, which was 2.12% higher than short shares on Sep 28, 2023. In addition to Mr. Randall W. Atkins as the firm’s Founder, Chairman & CEO, Mr. Jeremy Ryan Sussman serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 61.21% of METC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 15.01% of METC, in contrast to 12.97% held by mutual funds. Shares owned by individuals account for 12.72%. As the largest shareholder in METC with 3.58% of the stake, BlackRock Fund Advisors holds 1,570,167 shares worth 1,570,167. A second-largest stockholder of METC, The Vanguard Group, Inc., holds 1,337,626 shares, controlling over 3.05% of the firm’s shares. Nokomis Capital LLC is the third largest shareholder in METC, holding 844,323 shares or 1.92% stake. With a 1.60% stake in METC, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 701,380 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.23% of METC stock, is the second-largest Mutual Fund holder. It holds 541,118 shares valued at 6.37 million. Vanguard Extended Market Index Fu holds 0.94% of the stake in METC, owning 411,708 shares worth 4.85 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for METC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With METC analysts setting a high price target of $16.00 and a low target of $12.00, the average target price over the next 12 months is $14.50. Based on these targets, METC could drop -6.38% to reach the target high and fall by -29.78% to reach the target low. Reaching the average price target will result in a decline of -15.16% from current levels.
Dividends & Yield:
In terms of dividends, METC has a current ratio of $0.5, which is $0.5 over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and METC currently yields $2.86. In the past year, METC’s dividend yield has been $2.86, but when looking at the stock over the past five years, its yield has been $–. Accordingly, METC has a current buyback yield of $0.05. This was $0.05 for the TTM, and it was $– for the past five years.
Summary of Insider Activity:
Insiders traded METC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 137,653 while 39,485 shares were sold.
