Momentus Inc (NASDAQ:MNTS) Could Shrink By -61.92% Or More

In last trading session, Momentus Inc (NASDAQ:MNTS) saw 2.29 million shares changing hands with its beta currently measuring 0.79. Company’s recent per share price level of $0.66 trading at $0.02 or 2.92% at ring of the bell on the day assigns it a market valuation of $16.82M. That closing price of MNTS’s stock is at a discount of -801.52% from its 52-week high price of $5.95 and is indicating a premium of 46.97% from its 52-week low price of $0.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 55.21 million shares which gives us an average trading volume of 15.11 million if we extend that period to 3-months.

Momentus Inc (NASDAQ:MNTS) trade information

Upright in the green during last session for gaining 2.92%, in the last five days MNTS remained trading in the green while hitting it’s week-highest on Friday, 10/11/24 when the stock touched $0.66 price level, adding 15.12% to its value on the day. Momentus Inc’s shares saw a change of -61.92% in year-to-date performance and have moved 3.96% in past 5-day. Momentus Inc (NASDAQ:MNTS) showed a performance of 35.93% in past 30-days. Number of shares sold short was 1.42 million shares which calculate 0.57 days to cover the short interests.

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Momentus Inc (MNTS) estimates and forecasts

This year revenue growth is estimated to rise 933.10% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.02M for the same. Company posted 120k and 280k of sales in current and next quarters respectively a year earlier.

Momentus Inc (NASDAQ:MNTS)’s Major holders

Insiders are in possession of 6.45% of company’s total shares while institution are holding 1.11 percent of that, with stock having share float percentage of 1.19%. Investors also watch the number of corporate investors in a company very closely, which is 1.11% institutions for Momentus Inc that are currently holding shares of the company.