The stock of Montauk Renewables Inc (MNTK) has gone up by 6.56% for the week, with a 14.48% rise in the past month and a 40.62% rise in the past quarter. The volatility ratio for the week is 4.14%, and the volatility levels for the past 30 days are 4.55% for MNTK. The simple moving average for the past 20 days is 9.67% for MNTK’s stock, with a -15.79% simple moving average for the past 200 days.
Is It Worth Investing in Montauk Renewables Inc (NASDAQ: MNTK) Right Now?
Montauk Renewables Inc (NASDAQ: MNTK) has a higher price-to-earnings ratio of 40.43x compared to its average ratio, The 36-month beta value for MNTK is at -0.18. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MNTK is 45.15M, and currently, shorts hold a 4.12% of that float. The average trading volume for MNTK on June 28, 2024 was 301.71K shares.
MNTK) stock’s latest price update
Montauk Renewables Inc (NASDAQ: MNTK)’s stock price has gone rise by 2.27 in comparison to its previous close of 5.72, however, the company has experienced a 6.56% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-05-11 that Montauk Renewables, Inc. (NASDAQ:MNTK ) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants John Ciroli – Chief Legal Officer & Secretary Sean McClain – Chief Executive Officer & President Kevin Van Asdalan – Chief Financial Officer Conference Call Participants Paul Cheng – Scotiabank Saumya – from UBS Matthew Blair – Tudor, Pickering, Holt & Company Operator Good afternoon, everyone, and thank you for participating in today’s conference call. I would like to turn the call over to Mr.
Analysts’ Opinion of MNTK
Many brokerage firms have already submitted their reports for MNTK stocks, with Scotiabank repeating the rating for MNTK by listing it as a “Sector Outperform.” The predicted price for MNTK in the upcoming period, according to Scotiabank is $9 based on the research report published on November 13, 2023 of the previous year 2023.
Scotiabank, on the other hand, stated in their research note that they expect to see MNTK reach a price target of $9. The rating they have provided for MNTK stocks is “Sector Perform” according to the report published on September 29th, 2023.
B. Riley Securities gave a rating of “Neutral” to MNTK, setting the target price at $6.50 in the report published on June 27th of the previous year.
MNTK Trading at 24.41% from the 50-Day Moving Average
After a stumble in the market that brought MNTK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.58% of loss for the given period.
Volatility was left at 4.55%, however, over the last 30 days, the volatility rate increased by 4.14%, as shares surge +8.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +64.67% upper at present.
During the last 5 trading sessions, MNTK rose by +5.28%, which changed the moving average for the period of 200-days by -39.67% in comparison to the 20-day moving average, which settled at $5.36. In addition, Montauk Renewables Inc saw -34.34% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MNTK
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.52 for the gross margin
The net margin for Montauk Renewables Inc stands at 0.11. The total capital return value is set at 0.13. Equity return is now at value 8.59, with 6.06 for asset returns.
Based on Montauk Renewables Inc (MNTK), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 1.08. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is 9.06.
Currently, EBITDA for the company is 46.28 million with net debt to EBITDA at 0.04. When we switch over and look at the enterprise to sales, we see a ratio of 4.33. The receivables turnover for the company is 19.92for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.27.
Conclusion
In conclusion, Montauk Renewables Inc (MNTK) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
