Are Momentus Inc (NASDAQ: MNTS) Shares Ready For A Higher Price Run?

In today’s recent session, 0.67 million shares of the Momentus Inc (NASDAQ:MNTS) have been traded, and its beta is 0.78. Most recently the company’s share price was $0.49, and it changed around -$0.01 or -2.21% from the last close, which brings the market valuation of the company to $12.54M. MNTS at last check was trading at a discount to its 52-week high of $4.58, offering almost -834.69% off that amount. The share price’s 52-week low was $0.35, which indicates that the recent value has risen by an impressive 28.57% since then. We note from Momentus Inc’s average daily trading volume that its 10-day average is 2.17 million shares, with the 3-month average coming to 15.19 million.

Momentus Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended MNTS as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Momentus Inc is expected to report earnings per share of 0 for the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Momentus Inc (NASDAQ:MNTS) trade information

Instantly MNTS has been showing red trend so far today with a performance of -2.21% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.6298 on recent trading dayincreased the stock’s daily price by 22.2%. The company’s shares are currently down -71.63% year-to-date, but still down -20.88% over the last five days. On the other hand, Momentus Inc (NASDAQ:MNTS) is 14.14% up in the 30-day period. We can see from the shorts that 1.86 million shares have been sold at a short interest cover period of 0.07 day(s).

Momentus Inc (MNTS) estimates and forecasts

The year-over-year growth rate is expected to be 933.10%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.02M in revenue for the current quarter. The company’s sales for the same quarters a year ago were 120k and 280k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 752.50%.

MNTS Dividends

Momentus Inc’s next quarterly earnings report is expected to be released on 2023-Nov-14.

Momentus Inc (NASDAQ:MNTS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 6.45% of Momentus Inc shares, and 1.12% of them are in the hands of institutional investors. The stock currently has a share float of 1.20%.

Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Aug 31, 2024. The former held 70.56 shares worth $33866.0, making up 0.28% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 19.93 shares worth around $9567.0, which represents about 0.08% of the total shares outstanding.