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Will Momentus Inc (NASDAQ: MNTS) In 2024 Be Worth Your Money?

In the latest trading session, 0.49 million Momentus Inc (NASDAQ:MNTS) shares changed hands as the company’s beta touched 0.82. With the company’s most recent per share price at $0.99 changing hands around $0.05 or 5.48% at last look, the market valuation stands at $9.09M. MNTS’s current price is a discount, trading about -4849.49% off its 52-week high of $49.00. The share price had its 52-week low at $0.67, which suggests the last value was 32.32% up since then. When we look at Momentus Inc’s average trading volume, we note the 10-day average is 4.86 million shares, with the 3-month average coming to 1.87.

Momentus Inc (NASDAQ:MNTS) trade information

Instantly MNTS is in green as seen in intraday trades today. With action 4.21%, the performance over the past five days has been green. The jump to weekly highs of 1.0200 added 5.48% to the stock’s daily price. The company’s shares are showing year-to-date downside of -42.77%, with the 5-day performance at 4.21% in the green. However, in the 30-day time frame, Momentus Inc (NASDAQ:MNTS) is -20.80% down. Looking at the short shares, we see there were 75940.0 shares sold at short interest cover period of 0.04 days.

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Momentus Inc (MNTS) estimates and forecasts

Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Momentus Inc will rise 82.30%, while the growth in revenue is estimated to hit 81.90% for the next quarter. Year-over-year growth is forecast to reach 926.80% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $1 million. 1 analysts are of the opinion that Momentus Inc’s revenue for the quarter ending Mar 2024 will be $950k. The company’s revenue for the corresponding quarters a year ago was $120k and $280k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 733.30%. The estimates for the next quarter sales put growth at 239.30%.

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