Does Momentus Inc (NASDAQ: MNTS) Still Look Attractive After A -15.20% Selloff Last Week?

During the last session, Momentus Inc (NASDAQ:MNTS)’s traded shares were 0.31 million, with the beta value of the company hitting 0.81. At the end of the trading day, the stock’s price was $0.47, reflecting an intraday loss of -0.86% or -$0.01. The 52-week high for the MNTS share is $19.00, that puts it down -3942.55 from that peak though still a striking 25.53% gain since the share price plummeted to a 52-week low of $0.35. The company’s market capitalization is $7.87M, and the average intraday trading volume over the past 10 days was 0.18 million shares, and the average trade volume was 2.64 million shares over the past three months.

Momentus Inc (NASDAQ:MNTS) trade information

Momentus Inc (MNTS) registered a -0.86% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.86% in intraday trading to $0.47, hitting a weekly high. The stock’s 5-day price performance is -15.20%, and it has moved by -16.93% in 30 days. Based on these gigs, the overall price performance for the year is -97.42%. The short interest in Momentus Inc (NASDAQ:MNTS) is 0.3 million shares and it means that shorts have 1.56 day(s) to cover.

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Momentus Inc (MNTS) estimates and forecasts

In the rating firms’ projections, revenue will increase 933.10% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.02M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 950k by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 120k and 280k respectively. In this case, analysts expect current quarter sales to grow by 752.50% and then jump by 239.30% in the coming quarter.

MNTS Dividends

Momentus Inc is due to release its next quarterly earnings 2023-Nov-14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Momentus Inc (NASDAQ:MNTS)’s Major holders

Momentus Inc insiders own 1.02% of total outstanding shares while institutional holders control 2.31%, with the float percentage being 2.34%.

Also, the Mutual Funds coming in first place with the largest holdings of Momentus Inc (MNTS) shares are Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund . Data provided on May 31, 2024 indicates that Fidelity Extended Market Index Fund owns about 30.43 shares. This amounts to just over 0.18 percent of the company’s overall shares, with a $14408.0 market value. The same data shows that the other fund manager holds slightly less at 19.93, or about 0.12% of the stock, which is worth about $9438.0.