Momentus (NASDAQ:MNTS) Cut to Sell at Wall Street Zen
by Danessa Lincoln · The Markets DailyWall Street Zen cut shares of Momentus (NASDAQ:MNTS – Free Report) from a hold rating to a sell rating in a research report released on Saturday morning.
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Momentus in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Momentus has an average rating of “Sell”.
Get Our Latest Stock Analysis on Momentus
Momentus Trading Up 53.7%
Shares of NASDAQ MNTS opened at $8.82 on Friday. The stock has a fifty day moving average price of $12.65 and a 200 day moving average price of $19.42. Momentus has a 12-month low of $4.73 and a 12-month high of $174.56. The company has a market cap of $12.35 million, a P/E ratio of -0.13 and a beta of 0.97.
Momentus (NASDAQ:MNTS – Get Free Report) last issued its earnings results on Wednesday, November 19th. The company reported ($19.28) earnings per share for the quarter. The firm had revenue of $0.23 million during the quarter.
Hedge Funds Weigh In On Momentus
An institutional investor recently raised its position in Momentus stock. Armistice Capital LLC grew its position in shares of Momentus Inc. (NASDAQ:MNTS – Free Report) by 199.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 792,000 shares of the company’s stock after buying an additional 527,773 shares during the period. Armistice Capital LLC owned about 12.62% of Momentus worth $966,000 as of its most recent SEC filing. 9.24% of the stock is owned by institutional investors.
Momentus Company Profile
Momentus Inc is a space logistics and in-space transportation company that develops and operates orbital transfer vehicles (OTVs) to move satellites and other payloads between orbits. Its core offering, the Vigoride platform, uses a proprietary water plasma propulsion system to provide sustainable, high-efficiency thrust for a range of orbital maneuvers. The company’s solutions are designed to enable flexible deployment and repositioning of satellites after launch, assisting satellite operators in optimizing mission lifespans and orbital slots.
Founded in 2017 and headquartered in Santa Clara, California, Momentus has pursued a path of technology demonstration and commercialization.