In the last trading session, 1.06 million MNTN Inc (NYSE:MNTN) shares changed hands as the company’s beta touched 0. With the company’s per share price at $22.01 changed hands at -$1.27 or -5.46% during last session, the market valuation stood at $1.69B. MNTN’s last price was a discount, traded about -47.61% off its 52-week high of $32.49. The share price had its 52-week low at $18.25, which suggests the last value was 17.08% up since then. When we look at MNTN Inc’s average trading volume, we note the 10-day average is 0.72 million shares, with the 3-month average coming to 1.22 million.
MNTN Inc (NYSE:MNTN) trade information
Instantly MNTN was in red as seen at the end of in last trading. With action 12.24%, the performance over the past five days has been green. However, in the 30-day time frame, MNTN Inc (NYSE:MNTN) is -15.02% down. Looking at the short shares, we see there were 0.64 million shares sold at short interest cover period of 0.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is 31.5, meaning bulls need an upside of 30.13% from its current market value. According to analyst projections, MNTN’s forecast low is 25 with 38 as the target high. To hit the forecast high, the stock’s price needs a -72.65% plunge from its current level, while the stock would need to soar -13.58% for it to hit the projected low.
The 2025 estimates are for MNTN Inc earnings to increase by 40.40%.
MNTN Dividends
MNTN Inc is expected to release its next quarterly earnings report in July.
MNTN Inc (NYSE:MNTN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.90% of MNTN Inc shares while 32.96% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 37.84%. There are 32.96% institutions holding the MNTN Inc stock share, with METEORA CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 10.7534% of the shares, roughly 1.26 million MNTN shares worth $14.15 million.
CALAMOS ADVISORS LLC holds the second largest percentage of outstanding shares, with 10.6796% or 1.25 million shares worth $14.07 million as of 2024-06-30.
