In last trading session, Momentus Inc. (NASDAQ:MNTS) saw 0.39 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $4.26 trading at $0.13 or 3.15% at ring of the bell on the day assigns it a market valuation of $318.44M. That closing price of MNTS’s stock is at a discount of -584.98% from its 52-week high price of $29.18 and is indicating a premium of 14.32% from its 52-week low price of $3.65. Taking a look at company’s average trading volume of 509.90K if we extend that period to 3-months.
For Momentus Inc. (MNTS), analysts’ consensus is at an average recommendation of a Buy. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Momentus Inc. (NASDAQ:MNTS) trade information
Upright in the green during last session for gaining 3.15%, in the last five days MNTS remained trading in the green while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $4.26 price level, adding 2.52% to its value on the day. Momentus Inc.’s shares saw a change of 1.91% in year-to-date performance and have moved 6.50% in past 5-day. Momentus Inc. (NASDAQ:MNTS) showed a performance of -14.46% in past 30-days.
Wall Street analysts have assigned a consensus price target of $10.00 to the stock, which implies a rise of 57.4% to its current value. Analysts have been projecting $10.00 as a low price target for the stock while placing it at a high target of $10.00. It follows that stock’s current price would drop -134.74% in reaching the projected high whereas dropping to the targeted low would mean a loss of -134.74% for stock’s current value.
Momentus Inc. is more likely to be releasing its next quarterly report on November 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Momentus Inc. (NASDAQ:MNTS)’s Major holders
Insiders are in possession of 41.15% of company’s total shares while institution are holding 8.40 percent of that, with stock having share float percentage of 14.27%. Investors also watch the number of corporate investors in a company very closely, which is 8.40% institutions for Momentus Inc. that are currently holding shares of the company. Capital International Investors is the top institutional holder at MNTS for having 2.23 million shares of worth $23.59 million. And as of Sep 29, 2021, it was holding 2.76% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 1.2 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 1.49% of outstanding shares, having a total worth of $12.73 million.
On the other hand, Smallcap World Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 2.23 million shares of worth $23.59 million or 2.76% of the total outstanding shares. The later fund manager was in possession of 0.63 million shares on Sep 29, 2021, making its stake of worth around $6.67 million in the company or a holder of 0.78% of company’s stock.