Molten Ventures (LON:GROW) Stock Price Up 14.6% - Still a Buy?

Key Points

• Molten Ventures shares experienced a significant increase, rising by 14.6% to close at GBX 472 ($6.31), with trading volume 85% above the average daily volume.
• Analysts have a consensus Buy rating for Molten Ventures, with a target price set at GBX 580 by Berenberg Bank.
• Insider activity included a sale of 112,931 shares by one insider, while another purchased 7,197 shares, with insiders collectively buying 14,686 shares valued at over $5 million in the past 90 days.

Shares of Molten Ventures Plc (LON:GROW - Get Free Report) were up 14.6% during mid-day trading on Thursday . The stock traded as high as GBX 473.20 ($6.31) and last traded at GBX 472 ($6.29). Approximately 1,867,496 shares changed hands during trading, an increase of 85% from the average daily volume of 1,011,146 shares. The stock had previously closed at GBX 411.80 ($5.49).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 580 target price on shares of Molten Ventures in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 580.

Molten Ventures Stock Up 14.6%

The firm has a market capitalization of £831.48 million, a price-to-earnings ratio of -1,180.00 and a beta of 1.25. The stock has a 50 day moving average of GBX 376.82 and a 200 day moving average of GBX 329.96. The company has a quick ratio of 4.37, a current ratio of 197.67 and a debt-to-equity ratio of 7.15.

Insider Buying and Selling

In other news, insider Benjamin David Wilkinson bought 7,197 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was bought at an average price of GBX 348 per share, for a total transaction of £25,045.56. Also, insider Stuart Malcolm Chapman sold 112,931 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of GBX 371, for a total value of £418,974.01. In the last ninety days, insiders have acquired 14,686 shares of company stock worth $5,110,728. 1.54% of the stock is currently owned by company insiders.

About Molten Ventures

Molten Ventures is a leading British venture capital firm backing Europe's highest-growth private technology companies. Our expert investment team stay ahead of the curve, identifying transformative trends and next-generation companies before they break through. We combine multiple pools of capital to invest at all stages of the business lifecycle—from seed and early stage to growth and late stage—focusing on disruptive sectors like Spacetech, Fintech, and AI.

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