Momentus Inc (NASDAQ:MNTS) price on Friday, October 25, fall -5.16% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.50.
A look at the stock’s price movement, the close in the last trading session was $0.53, moving within a range at $0.5 and $0.5402. The beta value (5-Year monthly) was 0.788. Turning to its 52-week performance, $4.58 and $0.35 were the 52-week high and 52-week low respectively. Overall, MNTS moved -6.36% over the past month.
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Momentus Inc’s market cap currently stands at around $12.82 million, with investors looking forward to this quarter’s earnings report slated for on 2023-Nov-14.
Analysts have a consensus estimate of 1.02M for the company’s revenue for the quarter, with a low and high estimate of 1M and 1M respectively. The average forecast suggests up to a 752.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.09M, representing a 933.10% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MNTS is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
MNTS’s current price about -11.30% and -18.96% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.05, while 7-day volatility ratio is 9.31% and 19.11% in the 30-day chart. Further, Momentus Inc (MNTS) has a beta value of 0.78, and an average true range (ATR) of 0.11.
If we refocus on Momentus Inc (NASDAQ:MNTS), historical trading data shows that trading volumes averaged 3.7 over the past 10 days and 15.17 million over the past 3 months. The company’s latest data on shares outstanding shows there are 25.54 million shares.
The 6.67% of Momentus Inc’s shares are in the hands of company insiders while institutional holders own 1.09% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.42 million on 2024-09-30, giving us a short ratio of 0.57. The data shows that as of 2024-09-30 short interest in Momentus Inc (MNTS) stood at 556.0 of shares outstanding, with shares short falling to 2.24 million registered in 2024-08-30. Current price change has pushed the stock -70.99% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MNTS stock continues to rise going into the next quarter.
