Should Momentus Inc (NASDAQ: MNTS) Rally After -1198.18% Drop From High?

EVTL

Momentus Inc (NASDAQ:MNTS)’s traded shares stood at 1.02 million during the last session, with the company’s beta value hitting 1.23. At the close of trading, the stock’s price was $2.20, to imply an increase of 20.22% or $0.37 in intraday trading. The MNTS share’s 52-week high remains $28.56, putting it -1198.18% down since that peak but still an impressive 29.09% since price per share fell to its 52-week low of $1.56. The company has a valuation of $7.23M, with an average of 0.77 million shares in intraday trading volume over the past 10 days and average of 1.17 million shares over the past 3 months.

Momentus Inc (NASDAQ:MNTS) trade information

After registering a 20.22% upside in the last session, Momentus Inc (MNTS) has traded red over the past five days. The 5-day price performance for the stock is 30.95%, and -38.03% over 30 days. With these gigs, the year-to-date price performance is -72.26%. Short interest in Momentus Inc (NASDAQ:MNTS) saw shorts transact 0.26 million shares and set a 0.1 days time to cover.

MNTS Dividends

Momentus Inc has its next earnings report out on 2023-Nov-13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Momentus Inc (NASDAQ:MNTS)’s Major holders

Momentus Inc insiders hold 3.64% of total outstanding shares, with institutional holders owning 8.31% of the shares at 8.62% float percentage. In total, 8.31% institutions holds shares in the company.

We also have Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund as the top two Mutual Funds with the largest holdings of the Momentus Inc (MNTS) shares. Going by data provided on Dec 31, 2024, Fidelity Extended Market Index Fund holds roughly 10.9 shares. This is just over 0.37% of the total shares, with a market valuation of $23991.0. Data from the same date shows that the other fund manager holds a little less at 3.17, or 0.11% of the shares, all valued at about 6978.0.