Montauk Renewables Inc. (NASDAQ:MNTK)’s traded shares stood at 1.33 million during the last session. At the close of trading, the stock’s price was $8.15, to imply a decrease of -14.30% or -$1.36 in intraday trading. The MNTK share’s 52-week high remains $20.78, putting it -154.97% down since that peak but still an impressive -8.59% since price per share fell to its 52-week low of $8.85. The company has a valuation of $1.19B, with an average of 0.26 million shares in intraday trading volume over the past 10 days and average of 231.24K shares over the past 3 months.
Montauk Renewables Inc. (NASDAQ:MNTK) trade information
After registering a -14.30% downside in the last session, Montauk Renewables Inc. (MNTK) has traded red over the past five days. The stock hit a weekly high of 9.87 this Friday, 03/17/23, dropping -14.30% in its intraday price action. The 5-day price performance for the stock is -12.37%, and -25.30% over 30 days. With these gigs, the year-to-date price performance is -26.11%. Short interest in Montauk Renewables Inc. (NASDAQ:MNTK) saw shorts transact 5.05 million shares and set a 22.37 days time to cover.
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Montauk Renewables Inc. (MNTK) estimates and forecasts
Looking at statistics comparing Montauk Renewables Inc. share performance against respective industry, we note that the company has outperformed competitors. Montauk Renewables Inc. (MNTK) shares are -56.95% down over the last 6 months, with its year-to-date growth rate higher than industry average at 103.70% against -2.60%. Revenue is forecast to grow 900.00% this quarter before falling -38.50% for the next one. The rating firms project that company’s revenue will grow 14.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is $56.22 million. Meanwhile, for the quarter ending Jun 2023, a total of 2 analyst(s) estimate revenue growth to $56.88 million.Earnings reports from the last fiscal year show that sales brought in $32.17 million and $67.88 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 74.80% before dropping -16.20% in the following quarter.
Montauk Renewables Inc. has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Montauk Renewables Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Montauk Renewables Inc. (NASDAQ:MNTK)’s Major holders
Montauk Renewables Inc. insiders hold 69.96% of total outstanding shares, with institutional holders owning 21.36% of the shares at 71.09% float percentage. In total, 21.36% institutions holds shares in the company, led by Baader Bank Aktiengesellschaft. As of Dec 30, 2022, the company held over 5.07 million shares (or 3.53% of shares), all amounting to roughly $41.35 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 4.29 million shares, or about 2.99% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $34.98 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Montauk Renewables Inc. (MNTK) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 1.7 million shares. This is just over 1.18% of the total shares, with a market valuation of $13.83 million. Data from the same date shows that the other fund manager holds a little less at 1.46 million, or 1.02% of the shares, all valued at about 11.93 million.