Momentus Inc (NASDAQ:MNTS) price on current trading day, fall -2.46% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.56.
A look at the stock’s price movement, the level at last check in today’s session was $0.57, moving within a range at $0.5399 and $0.576. The beta value (5-Year monthly) was 0.753. Turning to its 52-week performance, $3.04 and $0.35 were the 52-week high and 52-week low respectively. Overall, MNTS moved 0.65% over the past month.
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Momentus Inc’s market cap currently stands at around $16.96 million, with investors looking forward to this quarter’s earnings report slated for in January.
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 50% Sell category.
MNTS’s current price about -5.80% and -2.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.17, while 7-day volatility ratio is 9.20% and 14.06% in the 30-day chart. Further, Momentus Inc (MNTS) has a beta value of 0.81, and an average true range (ATR) of 0.07.
If we refocus on Momentus Inc (NASDAQ:MNTS), historical trading data shows that trading volumes averaged 1.19 over the past 10 days and 10.37 million over the past 3 months. The company’s latest data on shares outstanding shows there are 25.54 million shares.
The 6.69% of Momentus Inc’s shares are in the hands of company insiders while institutional holders own 13.26% 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 -67.92% 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.
