During the last session, Montauk Renewables Inc (NASDAQ:MNTK)’s traded shares were 0.39 million, with the beta value of the company hitting -0.27. At the end of the trading day, the stock’s price was $4.94, reflecting an intraday gain of 13.82% or $0.6. The 52-week high for the MNTK share is $8.92, that puts it down -80.57 from that peak though still a striking 31.58% gain since the share price plummeted to a 52-week low of $3.38. The company’s market capitalization is $708.24M, and the average intraday trading volume over the past 10 days was 0.21 million shares, and the average trade volume was 185.38K shares over the past three months.
Montauk Renewables Inc (MNTK) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.60. MNTK has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Montauk Renewables Inc (NASDAQ:MNTK) trade information
Montauk Renewables Inc (MNTK) registered a 13.82% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 13.82% in intraday trading to $4.94, hitting a weekly high. The stock’s 5-day price performance is 24.75%, and it has moved by 20.19% in 30 days. Based on these gigs, the overall price performance for the year is -42.56%. The short interest in Montauk Renewables Inc (NASDAQ:MNTK) is 1.55 million shares and it means that shorts have 7.0 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.25, which implies an increase of 20.96% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.25 and $6.25 respectively. As a result, MNTK is trading at a discount of -26.52% off the target high and -26.52% off the low.
Montauk Renewables Inc (MNTK) estimates and forecasts
Statistics show that Montauk Renewables Inc has outperformed its competitors in share price, compared to the industry in which it operates. Montauk Renewables Inc (MNTK) shares have gone down -4.08% during the last six months, with a year-to-date growth rate more than the industry average at 72.73% against -3.90.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -12.41%. While earnings are projected to return 80.68% in 2025, the next five years will return 2.00% per annum.
MNTK Dividends
Montauk Renewables Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Montauk Renewables Inc (NASDAQ:MNTK)’s Major holders
Montauk Renewables Inc insiders own 68.14% of total outstanding shares while institutional holders control 16.83%, with the float percentage being 52.82%. BLACKROCK INC. is the largest shareholder of the company, while 177.0 institutions own stock in it. As of 2024-06-30, the company held over 4.51 million shares (or 3.1772% of all shares), a total value of $25.71 million in shares.
The next largest institutional holding, with 3.67 million shares, is of VANGUARD GROUP INC’s that is approximately 2.5866% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $20.93 million.
