Stocks of Arch Resources Inc (NYSE:ARCH) traded higher last session on Wall Street, down -0.95% to $160.79.
ARCH stock price is now -5.49% away from the 50-day moving average and 8.29% away from the 200-day moving average. The market capitalization of the company currently stands at $2.95B.
With the price target enhanced from $160 to $225, Jefferies Upgraded its rating from Hold to Buy for Arch Resources Inc (NYSE: ARCH). On September 29, 2021, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $62 to quote $110, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, Butcher Pamela R, Director bought 200 shares of the company’s stock on Mar 13 ’24. The stock was bought for $33,000 at an average price of $165.00. Upon completion of the transaction, the Director now directly owns 200 shares in the company, valued at $32158.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08 ’24, Executive Chairman EAVES JOHN W sold 12,609 shares of the business’s stock. A total of $2,348,048 was realized by selling the stock at an average price of $186.22. This leaves the insider owning 124,116 shares of the company worth $19.96 million. A total of 5.97% of the company’s stock is owned by insiders.
During the past 12 months, Arch Resources Inc has had a low of $98.22 and a high of $187.60. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 2.49, and a quick ratio of 1.83. The fifty day moving average price for ARCH is $170.96 and a two-hundred day moving average price translates $150.93 for the stock.
The latest earnings results from Arch Resources Inc (NYSE: ARCH) was released for Dec, 2023. According to the Coking Coal Company, earnings per share came in at $6.07, missing analysts’ expectations of $7.35 by -1.28. This compares to $22.98 EPS in the same period last year. The net profit margin was 14.75% and return on equity was 32.62% for ARCH. The company reported revenue of $774.02 million for the quarter, compared to $859.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.94 percent. For the current quarter, analysts expect ARCH to generate $629.67M in revenue.
