Let’s Jump Into The Momentus Inc (NASDAQ: MNTS) Stock Forecast

In the last trading session, 2.02 million Momentus Inc (NASDAQ:MNTS) shares changed hands as the company’s beta touched 0.79. With the company’s per share price at $0.67 changed hands at $0.01 or 2.25% during last session, the market valuation stood at $17.20M. MNTS’s last price was a discount, traded about -713.43% off its 52-week high of $5.45. The share price had its 52-week low at $0.35, which suggests the last value was 47.76% up since then. When we look at Momentus Inc’s average trading volume, we note the 10-day average is 55.28 million shares, with the 3-month average coming to 15.14 million.

Momentus Inc (NASDAQ:MNTS) trade information

Instantly MNTS was in green as seen at the end of in last trading. With action -1.23%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -61.07%, with the 5-day performance at -1.23% in the red. However, in the 30-day time frame, Momentus Inc (NASDAQ:MNTS) is 39.73% up. Looking at the short shares, we see there were 1.42 million shares sold at short interest cover period of 0.57 days.

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Momentus Inc (MNTS) estimates and forecasts

Year-over-year growth is forecast to reach 933.10% 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 1.02M. 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 752.50%.

MNTS Dividends

Momentus Inc is expected to release its next quarterly earnings report in November.

Momentus Inc (NASDAQ:MNTS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 6.45% of Momentus Inc shares while 1.11% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.19%.