Ramaco Resources, Inc. stock trades under the ticker METC & has shown recent bullish behavior that traders & investors should take a closer look into.
METC stock closed at $17.50/share on 4/12/2022.
Ramaco Resources, Inc. METC Stock’s Technicals Broken Down
METC Stock Price: $17.50
10 Day Moving Average: $15.69
50 Day Moving Average: $15.97
200 Day Moving Average: $12.32
RSI: 58.3
MACD: -0.038
Yesterday, METC stock completed a bullish MACD crossover, while breaking out above its 10 & 50 day moving averages.
Their trading volume was much higher than average compared to the past year, and their RSI is still in the 50’s, signaling that there is more momentum to come in the near-term.
METC will need to break above the $18.15, $18.79 & $19.05 resistance levels.
Ramaco Resources, Inc. METC Stock As A Long-Term Investment
Investors focused on long-term positions will like METC stock’s P/E (ttm) at 28.21, but will find their P/B (mrq) of 38.59 to be a bit lofty.
METC stock recently reported 11.2% Quarterly Revenue Growth Y-o-Y, with 20.4% Quarterly Earnings Growth Y-o-Y.
Their balance sheet may warrant a closer examination, as they report $63.91B in Total Cash (mrq), but have $122.8B in Total Debt (mrq).
METC stock pays a 0.53% dividend, which appears to be very stable as their payout ratio is 14%.
59.4% of METC stock’s outstanding share float is held by institutional investors.
Ramaco Resources, Inc. METC Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from METC stock’s price movements while hedging against broader market volatility.
I am looking at the contracts with the 5/20 expiration date.
The $15, $17.50 & $20 calls all look appealing, although they are not the most liquid.
The $17.50 & $20 puts also look appealing, as there is nothing else currently in or at-the-money with open interest.
Tying It All Together
Overall, METC stock has many characteristics that traders & investors will be sure to like.
Investors will like their recent growth, as well as their small, but safe dividend yield.
Traders will like their current momentum setup.
METC stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF METC STOCK AT THE TIME OF WRITING THIS ***