Ramaco Resources Inc [NASDAQ: METC] plunged by $922026.86 during the normal trading session on Tuesday and reaching a high of $14.2918 during the day while it closed the day at $922040.0.
Ramaco Resources Inc stock has also loss -11.13% of its value over the past 7 days. However, METC stock has inclined by 28.74% in the 3 months of the year. Over the past six months meanwhile, it has gained 5.02% and lost -9.00% year-on date.
The market cap for METC stock reached $507.20 million, with 44.41 million shares outstanding and 28.36 million shares in the current float. Compared to the average trading volume of 922.04K shares, METC reached a trading volume of 7188194 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Ramaco Resources Inc [METC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for METC shares is $14.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on METC stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Ramaco Resources Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 16, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price from $16 to $25. The new note on the price target was released on June 07, 2022, representing the official price target for Ramaco Resources Inc stock. Previously, the target price had yet another raise to $6, while The Benchmark Company analysts kept a Buy rating on METC stock.
The Price to Book ratio for the last quarter was 1.54, with the Price to Cash per share for the same quarter was set at 0.87. Price to Free Cash Flow for METC in the course of the last twelve months was 11.77 with Quick ratio for the last quarter at 0.87.
METC stock trade performance evaluation
Ramaco Resources Inc [METC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.13. With this latest performance, METC shares gained by 10.40% in over the last four-week period, additionally plugging by 5.02% over the last 6 months – not to mention a rise of 4.82% in the past year of trading.
Ramaco Resources Inc [METC]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Ramaco Resources Inc [METC] shares currently have an operating margin of 0.21% and a Gross Margin at 8.14%. Ramaco Resources Inc’s Net Margin is presently recorded at -0.05%.
Return on Equity for this stock declined to -0.04%, with Return on Assets sitting at -0.04%.
Earnings per share (EPS) analysis for Ramaco Resources Inc [METC] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for METC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ramaco Resources Inc go to 109.38%.
Ramaco Resources Inc [METC]: Institutional Ownership
There are presently around $75.29%, or 84.14%% of METC stock, in the hands of institutional investors. The top three institutional holders of METC stocks are: YORKTOWN ENERGY PARTNERS IX, L.P. with ownership of 4.85 million shares, which is approximately 9.6277%. YORKTOWN ENERGY PARTNERS XI, L.P., holding 4.84 million shares of the stock with an approximate value of $$60.2 million in METC stocks shares; and YORKTOWN ENERGY PARTNERS XI, L.P., currently with $$39.79 million in METC stock with ownership which is approximately 6.3383%.
