Analysts predict Montauk Renewables Inc (MNTK) stock to reach $6.25 in the next 12 months

Montauk Renewables Inc [MNTK] stock is trading at $4.43, up 11.59%. An important factor to consider is whether the stock is rising or falling in short-term value. The MNTK shares have gain 2.78% over the last week, with a monthly amount drifted -18.86%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Montauk Renewables Inc [NASDAQ: MNTK] stock has seen the most recent analyst activity on September 03, 2024, when Scotiabank downgraded its rating to a Sector Perform and also revised its price target to $6 from $8. Previously, Scotiabank upgraded its rating to Sector Outperform on November 13, 2023, and kept the price target unchanged to $9. On September 29, 2023, Scotiabank initiated with a Sector Perform rating and assigned a price target of $9 on the stock. B. Riley Securities started tracking the stock assigning a Neutral rating and suggested a price target of $6.50 on June 27, 2023. Tudor Pickering Holt & Co. upgraded its rating to a Hold and raised its price target to $7.50 on May 12, 2023. UBS upgraded its rating to Neutral for this stock on April 13, 2023, and downed its price target to $7. In a note dated December 14, 2022, UBS initiated an Sell rating and provided a target price of $9 on this stock.

Montauk Renewables Inc [MNTK] stock has fluctuated between $3.38 and $9.75 over the past year. Currently, Wall Street analysts expect the stock to reach $6.25 within the next 12 months. Montauk Renewables Inc [NASDAQ: MNTK] shares were valued at $4.43 at the most recent close of the market. An investor can expect a potential return of 41.08% based on the average MNTK price forecast.

Analyzing the MNTK fundamentals

Montauk Renewables Inc [NASDAQ:MNTK] reported sales of 194.85M for the trailing twelve months, which represents a growth of 18.37%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.09 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.22.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.10 points at the first support level, and at 3.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.62, and for the 2nd resistance point, it is at 4.81.

Ratios To Look Out For

For context, Montauk Renewables Inc’s Current Ratio is 2.04. On the other hand, the Quick Ratio is 2.04, and the Cash Ratio is 1.41. Considering the valuation of this stock, the price to sales ratio is 3.26, the price to book ratio is 2.29 and price to earnings (TTM) ratio is 27.46.

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