A share price of Ramaco Resources Inc [METC] is currently trading at $11.13, up 9.55%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The METC shares have gain 9.66% over the last week, with a monthly amount drifted -4.05%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ramaco Resources Inc [NASDAQ: METC] stock has seen the most recent analyst activity on January 16, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $21. Previously, Jefferies upgraded its rating to Buy on June 07, 2022, and elevated its price target to $25. BMO Capital Markets downgraded its rating to a Market Perform but stick to its price target of $4 on December 17, 2020. The Benchmark Company reiterated its recommendation of a Buy and raised its price target to $5 on October 08, 2020. The Benchmark Company started tracking with a Buy rating for this stock on February 25, 2020, and assigned it a price target of $5. In a note dated August 06, 2019, Jefferies downgraded an Hold rating on this stock and revised its target price from $8.50 to $5.
Ramaco Resources Inc experienced fluctuations in its stock price throughout the past year between $9.03 and $22.70. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Ramaco Resources Inc [NASDAQ: METC] shares were valued at $11.13 at the most recent close of the market. An investor can expect a potential return of 7.82% based on the average METC price forecast.
Analyzing the METC fundamentals
Trailing Twelve Months sales for Ramaco Resources Inc [NASDAQ:METC] were 698.13M which represents -10.46% decline. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.25.
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 10.09 points at the first support level, and at 9.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.66, and for the 2nd resistance point, it is at 12.19.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ramaco Resources Inc [NASDAQ:METC] is 1.35. As well, the Quick Ratio is 0.86, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.84, the price to book ratio is 1.59 and price to earnings (TTM) ratio is 16.75.
Transactions by insiders
Recent insider trading involved Jenkins Evan H, GENERAL COUNSEL, that happened on May 29 ’24 when 7158.0 shares were purchased. GENERAL COUNSEL, Jenkins Evan H completed a deal on May 24 ’24 to buy 1769.0 shares. Meanwhile, Director LAWRENCE BRYAN H sold 57738.0 shares on Dec 11 ’23.
