With 0.7 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.47 million shares. The 52-week range on RYAM shows that it touched its highest point at $10.28 and its lowest point at $3.71 during that stretch. It currently has a 1-year price target of $11.00. Beta for the stock currently stands at 2.88.
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 RYAM was down-trending over the past week, with a drop of -27.94%, but this was down by -26.06% over a month. Three-month performance dropped to -37.03% while six-month performance fell -27.75%. The stock gained 41.84% in the past year, while it has lost -34.67% so far this year. A look at the trailing 12-month EPS for RYAM yields -0.60 with Next year EPS estimates of 0.48. For the next quarter, that number is -0.07. This implies an EPS growth rate of 320.00% for this year and 336.36% for next year.
Float and Shares Shorts:
At present, 65.97 million RYAM shares are outstanding with a float of 62.94 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RYAM since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.11587 being high and -$0.11747 being low. For RYAM, this leads to a yearly average estimate of -$0.11667. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is -$0.08. The average estimate for the next quarter is thus -$0.04.
