RYAM Stock Summary and Trading Ideas (Rayonier Adv Materials | NYSE:RYAM)

Rayonier Advanced Materials Inc manufactures high-purity cellulose derived from wood. Also known as cellulose specialties, the company's products are used in a variety of applications, including cigarette filters, liquid crystal displays, paints, pharmaceuticals, and food. The company operates in the reportable segments of High Purity Cellulose, Paperboard, High-Yield Pulp, and Corporate and Other. The key revenue is derived from the High Purity Cellulose segment. Geographically, it derives a majority of revenue from the United States.

Rayonier Adv Materials trades on the NYSE stock market under the symbol RYAM.

As of April 18, 2024, RYAM stock price climbed to $4.26 with 259,564 million shares trading.

RYAM has a beta of 1.34, meaning it tends to be more sensitive to market movements. RYAM has a correlation of 0.06 to the broad based SPY ETF.

RYAM has a market cap of $278.36 million. This is considered a Small Cap stock.

Last quarter Rayonier Adv Materials reported $422 million in Revenue and -$.22 earnings per share. This beat revenue expectation by $12 million and missed earnings estimates by -$.15.

In the last 3 years, RYAM stock traded as high as $9.87 and as low as $2.44.

The top ETF exchange traded funds that RYAM belongs to (by Net Assets): VTI, IWM, AVUV, VXF, IWN.

RYAM has underperformed the market in the last year with a price return of -21.7% while the SPY ETF gained +22.3%. RYAM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.6% and -8.6%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

RYAM support price is $4.08 and resistance is $4.38 (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 RYAM stock will trade within this expected range on the day.