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MONTAUK RENEWABLES INC (MNTK)

Utilities · renewable energy production · NASDAQ

A renewable energy producer specializing in converting landfill and agricultural biogas into renewable natural gas and electricity to capture environmental attribute incentives.

What MONTAUK RENEWABLES INC does

Montauk Renewables is a renewable energy company that specializes in the recovery and processing of biogas from landfills and livestock farms. It develops, owns, and operates projects that convert this biogas into renewable natural gas (RNG) and renewable electricity, which are sold into the transportation and energy markets. The company monetizes the environmental attributes generated by these activities, such as Renewable Identification Numbers (RINs) and Renewable Energy Credits (RECs).

Recent developments

For the six months ended June 30, 2026, the company reported revenue of $100.4 million, a 14% increase compared to the same period in 2025, driven by improved EBITDA and profitability. In July 2026, the company commenced power generation from its Turkey, NC facility, a key component of its swine-waste-to-energy portfolio.

From MONTAUK RENEWABLES INC's filing of 2026-08-06.

Themes: renewable natural gas / RNG, biogas recovery, waste-to-energy, environmental attributes / carbon credits

Fundamentals

  • Price$2.12 as of 2026-10-21 close
  • Market cap$302M as of 2026-07-31 (share count; price 2026-10-21)
  • 1-year return-0.9% 2025-10-21 close $2.14 → 2026-10-21 close $2.12
  • P/E42.40 as of 2026-10-21; earnings are mostly non-operating: 71% of trailing pre-tax income, to 2026-06-30
  • Net margin+1.0% FY2025, SEC XBRL
  • Gross margin+25.9% FY2023, SEC XBRL
  • ROE+0.7% FY2025, SEC XBRL
  • ROICn/a No figure: its pre-tax income was zero or negative, so there is no tax rate to apply.
  • Debt / equity0.57 borrowings, leases excluded / equity — 10-Q/10-K balance sheet 2026-06-30
  • Revenue growth (YoY)+0.4% FY2025, SEC XBRL
  • Revenue CAGR (3y)-5.0% SEC XBRL
  • Beta1.70 as of 2026-09-03
  • Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)

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How MNTK compares in its sector

  • price-to-earnings ratiotop 10% 65 covered Utilities peers, as of 2026-10-21
  • net profit marginbottom 10% 65 covered Utilities peers, as of 2026-09-03
  • operating marginbottom 10% 62 covered Utilities peers, as of 2026-09-03
  • gross marginmiddle range 6 covered Utilities peers, as of 2026-09-03
  • return on equitybottom 10% 72 covered Utilities peers, as of 2026-09-03
  • 3-year revenue CAGRbottom 10% 70 covered Utilities peers
  • free cash flow (absolute dollars, latest fiscal year)middle range 57 covered Utilities peers, as of FY2025

Position among covered Utilities companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.

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Quarterly results

QuarterRevenueGross profitOperating incomeNet incomeDiluted EPSOperating cash flowCapex
Q2 FY2026 2026-06-30$54M—-$75000$226000$0.00$15M†$25M
Q1 FY2026 2026-03-31$46M—-$2M$5000$0.00$16M$31M
Q4 FY2025 2025-12-31$43M†—-$2M†$2M†$0.02†$337000†$41M†
Q3 FY2025 2025-09-30$45M—$4M$5M$0.04$13M†$30M
Q2 FY2025 2025-06-30$45M—-$2M-$5M-$0.04$8M†$34M
Q1 FY2025 2025-03-31$43M—$410000-$464000$0.00$9M$12M
Q4 FY2024 2024-12-31$28M†—-$10M†-$8M†-$0.06†$724000†$9M†
Q3 FY2024 2024-09-30$66M$29M$23M$17M$0.12$29M†$13M

† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.

Balance sheet at 2026-06-30

  • Cash and equivalents$16M
  • Total debt$150M borrowings only; leases excluded
  • Net debt$134M total debt − cash − short-term investments

From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.

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How MONTAUK RENEWABLES INC looks technically

MONTAUK RENEWABLES INC (MNTK) is trading 23.2% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 59 trading days ago — a "golden cross", a bullish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 25 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 41, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 2 trading days ago. It is 35.4% below its highest point of the past year.

Trend

8
Distance from the 200-dayit is trading 23.2% above its 200-day average, the long-term trend line — a longer-term uptrend+23.1%
50-day moving averageits average price over the last 50 trading days — a short-term trend line — is $2.27$2.27
200-day moving averageits average price over the last 200 trading days — the long-term trend line — is $1.72$1.72
Swing structureeach recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes nexthigher highs and higher lows
Last swing turnits last significant turn was a swing high 16 calendar days ago — the swings before that are what the structure reading is measured on16 sessions
Wave structureits recent swings can be read as a completed five-part upward sequence — the pattern Elliott-wave chartists call an impulse — which on that reading would now be due a pullback rather than more of the same; the labelling fails if price closes above 3.28. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next.possible five-wave upward sequence, complete (atypical proportions)
Since the 50/200 crossits 50-day average crossed above its 200-day average about 59 trading days ago — a "golden cross", a bullish long-term signal59 sessions
Trend strength (14-day ADX)a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 25 (a reading of 25+ marks a strong trend)24.5

Momentum

3
14-day RSImomentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 41, neither overbought (above 70) nor oversold (below 30)41.3
Position in its 14-day rangeit is trading near the bottom of its 14-day range ($2.02 to $3.28) — its "stochastic" reading is 8 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions.7.9
Since the MACD crossed zeroMACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish)12 sessions

Range

12
52-week highits highest closing price over the past year (about 252 trading days) was $3.28$3.28
From the 52-week highit is 35.4% below its 52-week high (its highest price of the past year)-35.4%
Above the 52-week lowit is 98.1% above its 52-week low (its lowest price of the past year)+98.1%
Below the 52-week highit is 35.4% below its highest point of the past year35.4%
Since a 20-day breakoutit made a new 20-day low about 2 trading days ago2 sessions
Since a 55-day breakoutit made a new 55-day high about 17 trading days ago17 sessions
All-time highits highest closing price on record is $20.75 (set on 2022-09-12)$20.75
Given back of the 52-week moveover the past year its closes ranged ($1.12 to $2.94), and it has given back around half of its rise from last year’s low — 45% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $1.76 to $1.82. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast.45.0%
From the all-time highit is 89.8% below its all-time high-89.8%
Nearest price levelit is sitting right on a support level at $2.11 — a price it turned at twice since 2025-11-13, most recently on 2026-01-28. Since 2024-10-21 it has 7 such levels below the current price and 3 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go.-0.5%
All-time lowits lowest closing price on record is $1.07 (set on 2026-03-25)$1.07
Above the all-time lowit is 98.1% above its all-time low+98.1%

Volatility

5
Band width vs its own 6 monthsday-to-day price swings are unusually wide versus its own recent history (wider than about 89% of the past ~6 months)89th percentile
Typical daily rangein a typical session it travels about $0.1907 between its high and its low — about 9.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was$0.1907
Bollinger bands (20-day, ±2σ)most of its recent trading has stayed between about $1.90 and $3.19 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles$1.90 – $2.54 – $3.19
Typical daily range (% of price)its price moves about 9.0% in a typical session — among the most volatile in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price9.0%
Stretch from the 200-day averageit is trading 2.1 daily ranges above its 200-day average price (23.2% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale2.1 daily ranges above its 200-day average

Volume

1
Volume vs its 30-day averagetrading volume is about normal versus its 30-day average0.84×

Analyst

2
Change in the average price targetanalysts' average price target is unchanged from the prior reading0.0%
Change in the consensus ratingnot available for this company yetn/a

Candlestick patterns

2
Since a doji3 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level3 sessions ago
Since a bullish engulfingtoday it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before ittoday

Price gaps

3
Gap at the openit opened on 2026-10-21 at essentially the same price it closed at the session before — no meaningful overnight gap0.0%
Open gapit gapped 4.6% above the previous close 34 sessions ago and has not traded back through the level it left behind at 1.76 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed+4.5%
Gap filleda 2.6% gap down opened on 2026-09-16 has been "filled" 25 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it25 sessions ago

Price streaks

1
Closing streakit closed higher in its latest session, after a session that did not close higher — a single up day rather than a run1 session up

Relative strength

4
vs market, 1 monthover the past 1 month this stock lagged the market by 9.0 percentage points (the stock lost 9.0% while the market lost 0.1%)-9.0%
vs market, 3 monthsover the past 3 months this stock beat the market by 22.9 percentage points (the stock gained 26.2% while the market gained 3.3%)+22.9%
vs market, 6 monthsover the past 6 months this stock beat the market by 41.6 percentage points (the stock gained 51.4% while the market gained 9.8%)+41.6%
vs market, 12 monthsover the past 12 months this stock lagged the market by 16.1 percentage points (the stock lost 0.9% while the market gained 15.2%)-16.1%

Signal agreement

2
Bullish technical signals4 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, outperforming the market over 6 months, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast4 of 9
Bearish technical signals3 of the 9 technical signals we can compute for it are currently in a bearish state: a fresh 20-day low, MACD momentum is negative, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast3 of 9

Trend (Ichimoku cloud)

1
Vs the Ichimoku cloudtrading 0.3% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-15 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 5.2% of the share price.-0.3%

Volume-weighted price

2
Vs this year’s average price paidthe price is 11% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $1.92 — a volume-weighted average of daily closes over 197 sessions, not a true tick-by-tick VWAP.+10.6%
Vs the average paid since it last reportedthe price is 15% below the average price paid since it last reported on 2026-08-05 (its 10-Q), so the typical buyer over that stretch is under water. That average is $2.51 — a volume-weighted average of daily closes over 55 sessions, not a true tick-by-tick VWAP.-15.4%

Price levels it has turned at before

MNTK last closed at $2.12 on 2026-10-21. Since 2024-10-21 it has turned at 7 prices below its last close and 3 above; the 3 nearest below and the 3 nearest above are listed, nearest first.

LevelSideDistanceEvidence
$2.11Support0.5% below the last closeturned there twice · 2025-11-13 to 2026-01-28
$2.06Support2.8% below the last closeturned there twice · 2025-05-01 to 2025-07-16
$1.99Support6.1% below the last closeturned there four times · 2025-03-18 to 2026-08-19
$2.37Resistance11.9% above the last closeturned there three times · 2025-04-23 to 2025-10-24
$3.81Resistance79.9% above the last closeturned there three times · 2024-11-20 to 2025-01-14
$4.62Resistance117.7% above the last closeturned there twice · 2024-11-25 to 2025-01-27

A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.

Wave structure

Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now complete.

This labelling fails — stops being a possible reading at all — if it closes above $3.28.

It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.

This reading has stood for 8 trading days, since 2026-10-12.

Read from daily closes as of 2026-10-21.

An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.

Based on daily closing prices as of 2026-10-21. Describes past price behavior only — informational, not financial advice.

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Analyst consensus

  • Mean price target$1.70 range $1.50 – $2.00; median $1.60

Analyst estimates, as of 2026-10-17. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.

Analyst EPS estimate for MNTK

  • Consensus EPS estimate$0.05338 next reporting period, as of 2026-10-17
  • Estimate change, 30 days$0.00 from $0.05338, on 2026-09-12, 35-day window
  • Readings revised upward0% of 9 comparable readings

The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.

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Key risks (from latest filing)

["High dependence on market prices for Environmental Attributes (e.g., RINs)","Timing and execution risk of RNG development projects and capital expenditures","Regulatory risks related to renewable energy portfolio standards and clean energy initiatives"]

See MNTK's biggest risks from its latest 10-Q →

What changed in the latest 10-Q

AI-assisted comparison of MNTK's 10-Q filed 2026-05-06 against the prior one filed 2025-11-05.

Management's Discussion & Analysis (MD&A)

The two filings could not be meaningfully compared for this section.

Risk Factors

  • Added:
    • Reference to '2025 Annual Report' instead of '2024 Annual Report' in the opening line (filed 2026-05-06)
    • Removal of phrase 'having participated in the industry for over 30 years' from Overview section (filed 2026-05-06)
    • New section on 'RINs Generated but Unsold' with updated disclosure about Q1 2026 RIN sales: 'We sold all 3,903 D3 RINs generated and available for sale from our 2025 RNG production in the first quarter of 2026' (filed 2026-05-06)
    • Updated average D3 RIN index price to 'approximately $2.41' for first quarter of 2026, versus 'approximately $2.19' for third quarter of 2025 (filed 2026-05-06)
    • RINs table updated with new data for 2025 Third Quarter, 2025 Fourth Quarter, and 2026 First Quarter entries (filed 2026-05-06)
    • Capital Development Summary table updated: removed 'Blue Granite RNG Facility' and 'European Energy Facilities' entries; added 'Atascocita LCO2 Facility' and 'Rumpke RNG Relocation Project' entries (filed 2026-05-06)
    • Expanded Montauk Ag Renewables section with new information about North Carolina REC regulatory developments, including September 2025 joint motion, October 2025 company response, and January 2026 NCUC decision (filed 2026-05-06)
    • New information stating 'We have commissioned our Montauk Ag Renewables project and are producing syngas' with expectation of renewable electricity production commencement in May 2026 (filed 2026-05-06)
  • Removed:
    • Phrase 'having participated in the industry for over 30 years' removed from Overview (filed 2025-11-05)
    • References to 'approximately 749 RINs generated but unseparated at September 30, 2025' removed (filed 2025-11-05)
    • References to 'EPA actions associated with implementation of BRRR K2 separation and the extension of the 2024 RIN compliance period' removed (filed 2025-11-05)
    • Reference to 'approximately 10 RINs in inventory from 2025 RNG production as of September 30, 2025' removed (filed 2025-11-05)
    • 'Blue Granite RNG Facility' development opportunity entry removed from Capital Development Summary table (filed 2025-11-05)
    • 'European Energy Facilities' development opportunity entry removed from Capital Development Summary table (filed 2025-11-05)
    • Entire 'Bowerman RNG Project' subsection removed (filed 2025-11-05)
    • Entire 'Carbon Dioxide Beneficial Use Opportunity' subsection removed (filed 2025-11-05)
    • Entire 'Tulsa REG Conversion to RNG' subsection removed (filed 2025-11-05)
  • Reworded:
    • RINs disclosure modified from 'As we self-market a significant portion of our RINs, a decision not to commit to transfer available RINs during a period will impact our revenue and operating profit' to 'As we self-market a significant portion of our RINs and as the RFS is based on annual compliance, a decision not to commit to transfer and monetize available RINs during a period will impact the timing of our operating revenues and operating profit recognized during a period' (filed 2026-05-06)
    • 2025 Third Quarter RINs table entry changed from '12,420' RINs Available for Sale and '100.0%' sold to '12,421' RINs Available for Sale and '99.9%' sold (filed 2026-05-06)
    • Montauk Ag Renewables section heavily expanded with new regulatory and operational details including REC pricing expectations, NCUC filings, and commissioning status (filed 2026-05-06)
  • Notes:
    • Text appears truncated at end of both newer and older filings, limiting full comparison of later sections
    • Capital Development Summary table structure preserved but entries substantially changed between filings
    • RINs historical table expanded to include new periods (2025 Q3-Q4 and 2026 Q1) in newer filing

AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.

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Insider activity (SEC Form 4)

No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-16. The 6 days since 2026-10-16 have not been checked yet.

  • Last 180 days · read to 2026-10-161 buy ($25384) · 0 sells — 1 buying insider

Most recent open-market transaction: 2026-05-11. Based on Form 4 filings read through 2026-10-16; anything filed since is not yet included.

View full insider trading history → View SEC Form 3/4/5 filings

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Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.

Institutional ownership (13F)

5 institutional 13F filers reported holding MNTK as of 2026-06-30 (quarter-end position, filed within 45 days).

  • Distinct 13F filers 5
  • Reported shares held 6,563,377
  • Reported value $10,238,870

reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 4 increased, 0 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".

Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.

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Short interest (FINRA)

MNTK had 1,914,150 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).

MNTK had 1.34% of its shares outstanding sold short as of the 2026-09-30 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 1.93 days to cover at the same settlement.

  • Reported short interest (shares) 1,914,150
  • Short interest (% of shares outstanding) 1.34%
  • Prior settlement (shares) 1,479,764
  • Reported change 29.36%
  • Days to cover (reported) 1.93

Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.

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Competitors & peers

AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.

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Frequently asked questions

What does MONTAUK RENEWABLES INC (MNTK) do?

Montauk Renewables is a renewable energy company that specializes in the recovery and processing of biogas from landfills and livestock farms. It develops, owns, and operates projects that convert this biogas into renewable natural gas (RNG) and renewable electricity, which are sold into the transportation and energy markets. The company monetizes the environmental attributes generated by these activities, such as Renewable Identification Numbers (RINs) and Renewable Energy Credits (RECs).

What sector is MONTAUK RENEWABLES INC (MNTK) in?

MONTAUK RENEWABLES INC (MNTK) is classified in the Utilities sector. Its industry is renewable energy production. It trades on NASDAQ.

Who are MONTAUK RENEWABLES INC's (MNTK) competitors?

Notable peers of MONTAUK RENEWABLES INC (MNTK) include Ameresco, Inc., Aemetis, Inc., Anaergia, Inc., Clean Energy Fuels Corp. and Gevo, Inc.. This peer set is informational only — not financial advice.

Is MONTAUK RENEWABLES INC (MNTK) overbought or oversold right now?

MONTAUK RENEWABLES INC (MNTK) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 41, in the neutral middle (as of 2026-10-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.

Where does stocks-llm's data on MNTK come from?

Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.

Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.

Last updated 2026-10-21.

Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.