Momentus Inc (NASDAQ:MNTS) price on Friday, November 15, rose 1.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.63.
A look at the stock’s price movement, the close in the last trading session was $0.63, moving within a range at $0.5922 and $0.687. The beta value (5-Year monthly) was 0.753. Turning to its 52-week performance, $3.55 and $0.35 were the 52-week high and 52-week low respectively. Overall, MNTS moved -4.05% over the past month.
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Momentus Inc’s market cap currently stands at around $16.15 million, with investors looking forward to this quarter’s earnings report slated for on 2023-Nov-14.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MNTS is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
MNTS’s current price about 9.66% and 12.35% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.77, while 7-day volatility ratio is 22.77% and 14.80% in the 30-day chart. Further, Momentus Inc (MNTS) has a beta value of 0.80, 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 3.35 over the past 10 days and 15.77 million over the past 3 months. The company’s latest data on shares outstanding shows there are 25.54 million shares.
The 6.68% of Momentus Inc’s shares are in the hands of company insiders while institutional holders own 2.16% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.4 million on 2024-10-31, giving us a short ratio of 0.06. The data shows that as of 2024-10-31 short interest in Momentus Inc (MNTS) stood at 551.0000000000001 of shares outstanding, with shares short falling to 1.42 million registered in 2024-09-30. Current price change has pushed the stock -63.47% 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.
