HCC Stock Summary and Trading Ideas (Warrior Met Coal | NYSE:HCC)

Warrior Met Coal Inc is a U.S based company. It produces and exports of met coal that operates underground mines in Alabama. The company sells to steels manufacturers in Europe, Asia, and South America. Its mining operations consist of two underground met coal mines in Southern Appalachia's coal seam and other surface met and thermal coal mines. The Company generates ancillary revenues from the sale of natural gas extracted as a byproduct from the underground coal mines and royalty revenues from leased properties.

Warrior Met Coal trades on the NYSE stock market under the symbol HCC.

As of April 19, 2024, HCC stock price climbed to $66.43 with 331,806 million shares trading.

HCC has a beta of 0.23, meaning it tends to be less sensitive to market movements. HCC has a correlation of 0.00 to the broad based SPY ETF.

HCC has a market cap of $3.47 billion. This is considered a Mid Cap stock.

Last quarter Warrior Met Coal reported $364 million in Revenue and $2.49 earnings per share. This fell short of revenue expectation by $-31 million and missed earnings estimates by -$.01.

In the last 3 years, HCC stock traded as high as $69.97 and as low as $15.07.

The top ETF exchange traded funds that HCC belongs to (by Net Assets): VTI, IWM, VB, AVUV, VBR.

HCC has outperformed the market in the last year with a price return of +72.7% while the SPY ETF gained +21.1%. However, in the short term, HCC had mixed performance relative to the market. It has underperformed in the last 3 months, returning -0.7% vs +4.2% return in SPY. But in the last 2 weeks, HCC shares have fared better than the market returning +17.9% compared to SPY -3.5%.

HCC support price is $63.97 and resistance is $68.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HCC stock will trade within this expected range on the day.