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Wednesday, February 1, 2023

There Is A Quest For Clarity Surrounding Rayonier Advanced Materials Inc. (NYSE: RYAM) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Rayonier Advanced Materials Inc. (RYAM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.33%, to $6.00. The Rayonier Advanced Materials Inc. has recorded 9,916 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Southern Natural Gas Company Cancels its Force Majeure Declaration Previously Impacting RYAM’s Jesup Facility Natural Gas Supply.


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Stocks Info

This NYSE-listed company operates within the Chemicals industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $5.98 and fluctuated between $6.25 as its day high and $5.72 as its day low. The current market capitalization of Rayonier Advanced Materials Inc. is $374.47M. A total of 1.57 million shares were traded on the day, compared to an average of 484.38K shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, RYAM has seen 3 BUY and 1 SELL insider trades, representing the acquisition of 70,578 and the disposition of 15,964 shares. Over the last 12 months, there were 19 BUYs and 9 SELLs from insiders. Insiders purchased 297,012 shares during that period but sold 55,089.

In the most recent transaction, Posze James L Jr bought 5,000 shares of RYAM for 7.55 per share on Nov 16. After the transaction, the CAO & SVP, Human Resources now owns 121,888 company shares.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. RYAM’s most recent ex-dividend date was 6/13/2019 when it declared a $0.07 quarterly dividend that was paid in cash on 6/28/2019. Previously, the company paid the dividend on 3/29/2019 with an ex-dividend date of 3/14/2019. The RYAM stock dividend was $0.07 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for RYAM in the last 3 months, the mean price target is $5.15 with high estimates of $8.00 and low estimates of $2.30. In terms of 52-week highs and lows, RYAM has a high of $9.84 and a low of $2.43.

As of this writing, RYAM has an earnings estimate of $0.1 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.11 per share and a lower estimate of $0.09. The company reported an EPS of -$0.39 in the last quarter, which was 4.90% higher than expectations of -$0.41.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RYAM is Buy with a score of 2.50. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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