Shares Of Momentus Inc (NASDAQ: MNTS) Inclined 51.15% In One Month

Momentus Inc (NASDAQ:MNTS) has a beta value of 0.75 and has seen 1.66 million shares traded in the last trading session. The company, currently valued at $15.78M, closed the last trade at $0.57 per share which meant it gained $0.05 on the day or 9.00% during that session. The MNTS stock price is -703.51% off its 52-week high price of $4.58 and 38.6% above the 52-week low of $0.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.48 million shares traded. The 3-month trading volume is 15.28 million shares.

Momentus Inc (NASDAQ:MNTS) trade information

Sporting 9.00% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MNTS stock price touched $0.57 or saw a rise of 5.0%. Year-to-date, Momentus Inc shares have moved -67.24%, while the 5-day performance has seen it change 12.93%. Over the past 30 days, the shares of Momentus Inc (NASDAQ:MNTS) have changed 51.15%. Short interest in the company has seen 1.86 million shares shorted with days to cover at 0.07.

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Momentus Inc (MNTS) estimates and forecasts

The company’s shares have gained 5.16% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 933.10%.

1 analysts offering their estimates for the company have set an average revenue estimate of 1.02M for the current quarter. Year-ago sales stood 120k and 280k respectively for this quarter and the next, and analysts expect sales will grow by 752.50% for the current quarter and 933.10% for the next.

MNTS Dividends

Momentus Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Momentus Inc (NASDAQ:MNTS)’s Major holders

Insiders own 6.45% of the company shares, while shares held by institutions stand at 1.12% with a share float percentage of 1.20%. Investors are also buoyed by the number of investors in a company, with Momentus Inc having a total of 39.0 institutions that hold shares in the company.