Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Montauk Renewables Inc (NASDAQ: MNTK) closed the day trading at $2.22 up 7.51% from the previous closing price of $2.07. In other words, the price has increased by $7.51 from its previous closing price. On the day, 0.72 million shares were traded. MNTK stock price reached its highest trading level at $2.62 during the session, while it also had its lowest trading level at $2.101.
Ratios:
For a better understanding of MNTK, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.04 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.19.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Scotiabank on September 03, 2024, Downgraded its rating to Sector Perform and sets its target price to $6 from $8 previously.
On November 13, 2023, Scotiabank Upgraded its rating to Sector Outperform which previously was Sector Perform but kept the price unchanged to $9.
On September 29, 2023, Scotiabank started tracking the stock assigning a Sector Perform rating and target price of $9.Scotiabank initiated its Sector Perform rating on September 29, 2023, with a $9 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MNTK now has a Market Capitalization of 316203488 and an Enterprise Value of 331637632. As of this moment, Montauk’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.60, and their Forward P/E ratio for the next fiscal year is 13.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.81 while its Price-to-Book (P/B) ratio in mrq is 1.23. Its current Enterprise Value per Revenue stands at 1.887 whereas that against EBITDA is 7.947.
Stock Price History:
The Beta on a monthly basis for MNTK is 0.03, which has changed by -0.45049506 over the last 52 weeks, in comparison to a change of 0.09589827 over the same period for the S&P500. Over the past 52 weeks, MNTK has reached a high of $6.22, while it has fallen to a 52-week low of $2.06. The 50-Day Moving Average of the stock is -43.81%, while the 200-Day Moving Average is calculated to be -52.82%.
Shares Statistics:
Over the past 3-months, MNTK traded about 164.76K shares per day on average, while over the past 10 days, MNTK traded about 293280 shares per day. A total of 142.71M shares are outstanding, with a floating share count of 45.63M. Insiders hold about 68.17% of the company’s shares, while institutions hold 15.68% stake in the company. Shares short for MNTK as of 1740700800 were 1342719 with a Short Ratio of 8.15, compared to 1738281600 on 1389566. Therefore, it implies a Short% of Shares Outstanding of 1342719 and a Short% of Float of 2.93.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
