Rayonier Advanced Materials Inc. (RYAM): When The Market Gets It Wrong

The stock of Rayonier Advanced Materials Inc. (NYSE:RYAM) has been Downgraded to Neutral from Buy by Sidoti in its latest research note that was published on August 08. BofA/Merrill analysts have downgraded their rating of RYAM stock from Buy to Underperform in a separate flash note to investors on August 08.

Rayonier Advanced Materials Inc., which has current market capitalization of above $218 Million, published its last quarter earnings on June 30, 2019.

RYAM surged by $0.11 during the normal trading session on Thursday and reaching a high of $4.97 during the day while it closed the day at $4.45. The Rayonier stock had a high trading volume of 1.42 million shares on that day, which is high compared to the average daily volume of 1.27M shares. RYAM has also gained 17.72% of its value over the past 7 days. However, the stock has declined by 34.56% in the 3 months of the year. Over the past six months meanwhile, it has lost 65.26% while it has lost 58.22% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -35.23% from its 3 months high price. However, taking another look at RYAM will indicate that it is trading +78% away from its 90-day low. Looking at the bigger picture, the Rayonier Advanced Materials Inc. stock has dropped by -79.84% from its 52-week high while it has surged by +78% from its 52-week low price.

On November 12, 2018 BOYNTON PAUL G, Chairman, President and CEO bought 10000 shares of the company. The average price for that transaction was $13.72 per share, which meant that BOYNTON PAUL G spent $137200 purchasing the stocks. The purchase was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with SVP, Manufacturing Operations, Manzer William R selling 1000 shares of this stock on November 06, 2018. The average selling price for the stock was $12.42 per share, with the sold stock accruing $12420. Following this transaction, the SVP, Manufacturing Operations Manzer William R now holds 29095 shares of the company, which is worth around $141401.7.

Rayonier has around 90 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $330 Billion. The Rayonier stock is bringing in revenue of over 12 months, which is roughly 462 Billion. Despite all that, Rayonier Advanced Materials Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 5.03%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 51.59%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 78.95%. Over the past 20 days, Rayonier’s Stochastic %K stood at 92.33% while its Stochastic %D was revealed to be 95.78%.