While Rayonier Advanced Materials Inc has underperformed by -4.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RYAM fell by -19.61%, with highs and lows ranging from $5.97 to $2.66, whereas the simple moving average jumped by 20.77% in the last 200 days.
On May 11, 2023, RBC Capital Mkts Upgraded Rayonier Advanced Materials Inc (NYSE: RYAM) to Outperform. A report published by RBC Capital Mkts on January 10, 2023, Downgraded its rating to ‘Sector Perform’ for RYAM. RBC Capital Mkts also Upgraded RYAM shares as ‘Outperform’, setting a target price of $5 on the company’s shares in a report dated July 18, 2022. RBC Capital Mkts April 07, 2022d the rating to Sector Perform on April 07, 2022, and set its price target from $8 to $6. BofA Securities December 15, 2021d its ‘Buy’ rating to ‘Underperform’ for RYAM, as published in its report on December 15, 2021. RBC Capital Mkts’s report from August 05, 2021 suggests a price prediction of $10 for RYAM shares, giving the stock a ‘Outperform’ rating. RBC Capital Mkts also rated the stock as ‘Sector Perform’.
Analysis of Rayonier Advanced Materials Inc (RYAM)
Further, the quarter-over-quarter decrease in sales is -15.60%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Rayonier Advanced Materials Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -12.89% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.98, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 514.28K can be a very valuable indicator of volatility for RYAM stock. On a monthly basis, the volatility of the stock is set at 4.36%, whereas on a weekly basis, it is put at 5.07%, with a loss of -1.50% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.50, showing growth from the present price of $4.59, which can serve as yet another indication of whether RYAM is worth investing in or should be passed over.
How Do You Analyze Rayonier Advanced Materials Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.88%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 70.46% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RYAM shares are owned by institutional investors to the tune of 70.46% at present.
