What Are The Chances Of Rayonier Advanced Materials Inc (NYSE: RYAM) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Sidoti Events, LLC’s Virtual March Small-Cap Conference.

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Stocks Info

As a NYSE listed company, RYAM falls under the Basic Materials sector while operating within the Chemicals industry segment. The current market capitalization of Rayonier Advanced Materials Inc is $290.38M. A total of 0.5 million shares were traded on the day, compared to an average of 538.48K shares.

In the most recent transaction, Posze James L Jr bought 3,000 shares of RYAM for 3.51 per share on Jun 01 ’23. After the transaction, the CAO & SVP, Human Resources now owns 192,286 company shares. In a previous transaction on May 30 ’23, Hicks Joshua C. bought 10,000 shares at 3.65 per share. RYAM shares that SVP, High Purity Cellulose owns now total 89,595.

Among the insiders who bought shares, Hicks Joshua C. acquired of 10,000 shares on May 25 ’23 at a per-share price of $3.96. This resulted in the SVP, High Purity Cellulose holding 79,595 shares of RYAM after the transaction. In another insider transaction, ADAIR CHARLES E bought 10,000 shares at $4.23 per share on May 18 ’23. Company shares held by the Director now total 110,707.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, RYAM has a high of $6.56 and a low of $2.66.

As of this writing, RYAM has an earnings estimate of -$0.12 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.19. The company reported an EPS of -$0.39 in the last quarter, which was -25.80% lower than expectations of -$0.31.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. RYAM’s latest balance sheet shows that the firm has $291.82M in Cash & Short Term Investments as of fiscal 2021. There were $928.71M in debt and $354.56M in liabilities at the time. Its Book Value Per Share was $11.41, while its Total Shareholder’s Equity was $814.34M.

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, 0 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 3.00.

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