After finishing at $5.05 in the prior trading day, Montauk Renewables Inc (NASDAQ: MNTK) closed at $5.04, down -0.20%. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 1443919 shares were traded. MNTK stock price reached its highest trading level at $5.21 during the session, while it also had its lowest trading level at $4.82.
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Ratios:
Our goal is to gain a better understanding of MNTK by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.55 and its Current Ratio is at 3.55. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.25.
On September 29, 2023, Scotiabank started tracking the stock assigning a Sector Perform rating and target price of $9.
On June 27, 2023, B. Riley Securities started tracking the stock assigning a Neutral rating and target price of $6.50.B. Riley Securities initiated its Neutral rating on June 27, 2023, with a $6.50 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 724.06M and an Enterprise Value of 720.91M. As of this moment, Montauk’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.44, and their Forward P/E ratio for the next fiscal year is 15.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.05 while its Price-to-Book (P/B) ratio in mrq is 2.94. Its current Enterprise Value per Revenue stands at 4.06 whereas that against EBITDA is 15.61.
Stock Price History:
Over the past 52 weeks, MNTK has reached a high of $10.95, while it has fallen to a 52-week low of $5.03. The 50-Day Moving Average of the stock is 7.00, while the 200-Day Moving Average is calculated to be 8.36.
Shares Statistics:
The stock has traded on average 259.78K shares per day over the past 3-months and 447.22k shares per day over the last 10 days, according to various share statistics. A total of 141.63M shares are outstanding, with a floating share count of 45.75M. Insiders hold about 68.16% of the company’s shares, while institutions hold 19.88% stake in the company. Shares short for MNTK as of Feb 15, 2024 were 2.12M with a Short Ratio of 8.15, compared to 2.27M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.47% and a Short% of Float of 4.57%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.05, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.07, with high estimates of $0.09 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.18 and $0.13 for the fiscal current year, implying an average EPS of $0.14. EPS for the following year is $0.29, with 4 analysts recommending between $0.35 and $0.2.
Revenue Estimates
2 analysts predict $61.61M in revenue for the current quarter. It ranges from a high estimate of $62.34M to a low estimate of $60.87M. As of the current estimate, Montauk Renewables Inc’s year-ago sales were $49.64M, an estimated increase of 24.10% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $53.04M, an increase of 32.90% over than the figure of $24.10% in the same quarter last year. There is a high estimate of $53.04M for the next quarter, whereas the lowest estimate is $53.04M.
A total of 2 analysts have provided revenue estimates for MNTK’s current fiscal year. The highest revenue estimate was $191.36M, while the lowest revenue estimate was $188.97M, resulting in an average revenue estimate of $190.16M. In the same quarter a year ago, actual revenue was $205.56M, down -7.50% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $237.67M in the next fiscal year. The high estimate is $248.87M and the low estimate is $226.47M. The average revenue growth estimate for next year is up 25.00% from the average revenue estimate for this year.
