How did Rayonier Advanced Materials Inc (RYAM) surprise investors with its report?

A share price of Rayonier Advanced Materials Inc [RYAM] is currently trading at $4.68, down -2.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RYAM shares have gain 8.08% over the last week, with a monthly amount glided 38.05%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Rayonier Advanced Materials Inc [NYSE: RYAM] stock has seen the most recent analyst activity on May 11, 2023, when RBC Capital Mkts upgraded its rating to a Outperform but kept the price target unchanged to $7 for it. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on January 10, 2023, and dropped its price target to $8. On July 18, 2022, upgrade upgraded it’s rating to Outperform and revised its price target to $5 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform and decreased its price target to $6 on April 07, 2022. BofA Securities downgraded its rating to a Underperform and reduced its price target to $6.50 on December 15, 2021. RBC Capital Mkts upgraded its rating to Outperform for this stock on August 05, 2021, and upped its price target to $10. In a note dated May 05, 2021, RBC Capital Mkts downgraded an Sector Perform rating on this stock and revised its target price from $12 to $11.

Rayonier Advanced Materials Inc experienced fluctuations in its stock price throughout the past year between $2.66 and $6.47. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Rayonier Advanced Materials Inc [NYSE: RYAM] shares were valued at $4.68 at the most recent close of the market. An investor can expect a potential return of 70.94% based on the average RYAM price forecast.

Analyzing the RYAM fundamentals

Trailing Twelve Months sales for Rayonier Advanced Materials Inc [NYSE:RYAM] were 1.64B which represents -15.60% decline. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.13 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.05.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.59 points at the first support level, and at 4.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.76, and for the 2nd resistance point, it is at 4.84.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Rayonier Advanced Materials Inc [NYSE:RYAM] is 1.53. As well, the Quick Ratio is 0.98, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.19, the price to book ratio is 0.41.

Transactions by insiders

Recent insider trading involved Posze James L Jr, CAO & SVP, Human Resources, that happened on Jun 01 ’23 when 3000.0 shares were purchased. SVP, High Purity Cellulose, Hicks Joshua C. completed a deal on May 30 ’23 to buy 10000.0 shares. Meanwhile, SVP, High Purity Cellulose Hicks Joshua C. bought 10000.0 shares on May 25 ’23.

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