Rayonier Advanced Materials (RYAM, $7.47) posts prelim Q4 results
Rayonier Advanced Materials Inc. announced preliminary results for the fourth-quarter.
The chemical company estimates income from continuing operations of -$1 million to $3 million, compared with a loss of $28 million in the year-ago quarter. For the full-year, it expects to incur a loss from continuing operations of -$28 million to -$32 million, versus a loss of $50 million in 2021.
Fourth-quarter revenue is expected to be in the range of $488 million to $508 million, vs. last year's $374 million. For the full-year, Rayonair estimates revenue of $1.705 billion to $1.725 billion, higher than $1.408 billion of in the prior year.
RYAM sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for RYAM moved below the 200-day moving average on May 12, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 10, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on RYAM as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for RYAM turned negative on May 11, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RYAM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for RYAM entered a downward trend on May 19, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where RYAM's RSI Oscillator exited the oversold zone, of 34 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where RYAM advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .
RYAM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. RYAM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.294) is normal, around the industry mean (3.226). P/E Ratio (32.573) is within average values for comparable stocks, (80.608). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.237). Dividend Yield (0.000) settles around the average of (0.037) among similar stocks. P/S Ratio (0.132) is also within normal values, averaging (43.398).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RYAM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a company which engages in the production of fibers and specialty chemicals
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RYAM and
Correlation & Price change
A.I.dvisor indicates that over the last year, RYAM has been loosely correlated with KOP. These tickers have moved in lockstep 41% of the time. This A.I.-generated data suggests there is some statistical probability that if RYAM jumps, then KOP could also see price increases.
| Ticker / NAME | Correlation To RYAM | 1D Price Change % | ||
|---|---|---|---|---|
| RYAM | 100% | +7.45% | ||
| KOP - RYAM | 41% Loosely correlated | +8.29% | ||
| OLN - RYAM | 40% Loosely correlated | +6.16% | ||
| CC - RYAM | 40% Loosely correlated | +24.09% | ||
| FUL - RYAM | 38% Loosely correlated | +5.97% | ||
| ESI - RYAM | 38% Loosely correlated | +5.13% | ||
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