Montauk Renewables Inc (NASDAQ: MNTK) is 11.81% higher on its value in year-to-date trading and has touched a low of $3.38 and a high of $6.67 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MNTK stock was last observed hovering at around $4.29 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $4.45, the stock is 3.32% and 7.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 3.73% at the moment leaves the stock -7.59% off its SMA200. MNTK registered -27.05% loss for a year compared to 6-month loss of 3.73%. The firm has a 50-day simple moving average (SMA 50) of $4.158 and a 200-day simple moving average (SMA200) of $4.815375.
The stock witnessed a 6.97% gain in the last 1 month and extending the period to 3 months gives it a -14.26%, and is 1.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.38% over the week and 5.14% over the month.
Montauk Renewables Inc (MNTK) has around 151 employees, a market worth around $638.00M and $194.85M in sales. Current P/E ratio is 27.59 and Fwd P/E is 17.69. Profit margin for the company is 11.80%. Distance from 52-week low is 31.66% and -33.28% from its 52-week high. The company has generated returns on investments over the last 12 months (7.05%).
with sales reaching $59.92M over the same period.The EPS is expected to grow by 74.96% this year, but quarterly earnings will post 18.90% year-over-year. Quarterly sales are estimated to grow 28.02% in year-over-year returns.
Montauk Renewables Inc (MNTK) Top Institutional Holders
176.0 institutions hold shares in Montauk Renewables Inc (MNTK), with institutional investors hold 53.07% of the company’s shares. The shares outstanding are 142.57M, and float is at 45.62M with Short Float at 3.05%. Institutions hold 16.91% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.51 million shares valued at $25.71 million. The investor’s holdings represent 3.1772% of the MNTK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.67 million shares valued at $$20.93 million to account for 2.5866 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 1.63 million shares representing 1.146% and valued at over $9.28 million, while BAADER BANK AKTIENGESELLSCHAFT holds 1.1304 of the shares totaling 1.6 million with a market value of $9.15 million.
Montauk Renewables Inc (MNTK) Insider Activity
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