Is Momentive Global Inc. (MNTV) Price Targeted To Increase?

As of Friday close, Momentive Global Inc.’s (NASDAQ:MNTV) stock was up $0.83, moving up 7.20 percent to $12.36. The average number of shares traded per day over the past five days has been 2,781,260 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.97 fall in that time frame. In the last twenty days, the average volume was 2,054,535, while in the previous 50 days, it was 1,867,366.

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Since last month, MNTV stock retreated -31.14%. Shares of the company fell to $10.89 on 05/12/22, the lowest level in the past month. A 52-week high of $25.00 was reached on 01/03/22 after having rallying from a 52-week low of $10.89. Since the beginning of this year, MNTV’s stock price has dropped by -41.56% or -$8.79, and marked a new high 1 time. However, the stock has declined by -50.56% since its 52-week high.

Momentive Global Inc. (MNTV) last reported insider trading activity 86 days ago on Feb 17. Blum Lora D, the Chief Legal Officer & Secty of the company, disposed of 3,242 shares for $16.12 on Feb 17. It resulted in a $52,266 divestment by the insider. Cantieri Rebecca sold 3,850 shares at an average price of $15.62 on Feb 16. The insider now owns 100,026 shares following the transaction. On Feb 16, President Hale Thomas E sold 10,293 shares at $15.62 apiece. The transaction was valued at $160,777.

Valuation Metrics

The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 4.40, the price-to-book (PB) ratio of 6.00.

Financial Health

In the three months ended December 30, Momentive Global Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.60, and the total debt-to-equity ratio was 0.60. On the profitability front, the trailing twelve-month gross margin is 80.50% percent. In the year ended December 30, operating margins totaled -27.20%. Based on annual data, MNTV earned $357.37 million in gross profit and brought in $443.79 million in revenue.

In Momentive Global Inc.’s quarter-end financial report for December 30, it reported total debt of $184.34 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MNTV’s revenue rose 12.56% to $117.34 million during the quarter, while net income inched up to $116.99 million. While analysts expected Momentive Global Inc. to report $0.05 quarterly earnings, the actual figure was -$0.01 per share. During the quarter, the company generated -$25.71 million in EBITDA. The liabilities of Momentive Global Inc. were 563.05 million at the end of its most recent quarter ended December 30, and its total debt was $288.24 million. The value of shareholders’ equity is $150.03 million.

Technical Picture

This quick technical analysis looks at Momentive Global Inc.’s (MNTV) price momentum. With a historical volatility rate of 100.87%, the RSI 9-day stood at 32.72% on 13 May.

With respect to its five-day moving average, the current Momentive Global Inc. price is down by -13.75% percent or -$1.97. At present, MNTV shares trade -31.33% below its 20-day simple moving average and -37.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.41% below its SMA50 and -41.28% below its SMA200.

Stochastic coefficient K was 10.76% and Stochastic coefficient D was 5.94%, while ATR was 0.98. Given the Stochastic reading of 22.15% for the 14-day period, the RSI (14) reading has been calculated as 33.27%. As of today, the MACD Oscillator reading stands at -1.40, while the 14-day reading stands at -2.46.

With a median target price of $19.00, the current consensus forecast for the stock is $18.00 – $20.00. Based on these forecasts, analysts predict Momentive Global Inc. (MNTV) will achieve an average price target of $19.08.


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