Momentus Inc (NASDAQ:MNTS) does about 15.14M shares in volume on a normal day but saw 2023468 shares change hands in the recent trading day. The company now has a market cap of 17.20M USD. Its current market price is $0.67, marking an increase of 2.25% compared to the previous close of $0.66. The 52 week high reached by this stock is $5.45 whilst the lowest price level in 52 weeks is $0.35.
Momentus Inc (MNTS) has a 20-day trading average at $0.5476 and the current price is -87.64% off the 52-week high compared with 92.43% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6115 and its 200-day simple moving average is $0.6237. If we look at the stock’s price movements over the week, volatility stands at 14.23%, which increases to 19.63% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.14 to suggest the stock is neutral.
The consensus objective for the share price is $4.10, suggesting that the stock has a potential upside of 83.66% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 05, 2022 when Evercore ISI initiated the stock to “Underperform” and issued a price target of $2.
The current price level is 22.99%, 10.13%, and 7.99% away from its SMA20, SMA50, and SMA200 respectively, with the MNTS price moving below the 50-day SMA on current market day. Momentus Inc (MNTS) stock is down -1.23% over the week and 39.73% over the past month. Its price is -61.07% year-to-date and -83.93% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2023, with the company’s earnings per share (EPS) of -12.5 above consensus estimates by 1.5. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $1.02M.
To reach the target analysts have set, the stock logically needs to grow 83.66 percent from here.
Outstanding shares total 25.54M with insiders holding 6.45% of the shares and institutional holders owning 1.11% of the company’s common stock. The company has a return on investment of -1871.91% and return on equity of -813.59%. The beta has a value of 0.79. Price to sales ratio is 5.58.
