Momentus Inc (NASDAQ:MNTS) traded at $0.57 at last check on current trade day and made an upward move of 0.78% on its previous day’s price.
Looking at the stock we see that its previous close was $0.57 and the beta (5Y monthly) reads 0.788 with the day’s price range being $0.532 – $0.59. In terms of its 52-week price range, MNTS has a high of $4.27 and a low of $0.35. The company’s stock has gained about 44.51% over that past 30 days.
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Momentus Inc has a market cap of $14.54 million and is expected to release its quarterly earnings report on 2023-Nov-14.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.02M, with a low of 1M and a high of 1M. The median projection represents growth squeezing down to 752.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 3.09M, or 933.10% up from figures reported last year.
On the other hand, looking at the outlook for the MNTS stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy.
Looking further, we note the current price level is -6.97% off its SMA20 and -4.09% from its 50-day simple moving average. The RSI (14) is pointing at 50.20 while the volatility over the past week is 14.22% and jumps to 18.14% over the past one month. The beta value is 0.74, while the average true range (ATR) is currently pointing at 0.09.
Coming back to Momentus Inc (NASDAQ:MNTS), we note that the average 3-month trading volume was 15.31 million, while that of the preceding 10-day period stands at 1.38 million. Current shares outstanding are 25.54 million.
The insiders hold 6.67% of the company’s shares while institutions hold 1.09%. The data shows that short shares as of 2024-10-15, stood at 1.86 million at a short ratio of 0.07. This represents a 729.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 0.84 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -67.08% down in year-to-date price movement.
