Momentus Inc. (NASDAQ:MNTS) does about 702.64K shares in volume on a normal day but saw 179127 shares change hands in Friday trading. The company now has a market cap of 78.91M USD. Its current market price is $0.88, marking a decrease of -2.43% compared to the previous close of $0.90. The 52 week high reached by this stock is $4.74 whilst the lowest price level in 52 weeks is $0.70. The script in recent trading has seen the stock touch a high of $0.92 and a low of $0.8733.
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Momentus Inc. (MNTS) has a 20-day trading average at $0.9195 and the current price is -81.40% off the 52-week high compared with 25.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9130 and its 200-day simple moving average is $1.6576. If we look at the stock’s price movements over the week, volatility stands at 6.49%, which increases to 9.40% 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 46.09 to suggest the stock is neutral.
The consensus objective for the share price is $2.05, suggesting that the stock has a potential upside of 57.07% 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 -4.26%, -3.79%, and -47.10% away from its SMA20, SMA50, and SMA200 respectively, with the MNTS price moving above the 50-day SMA on February 17. Momentus Inc. (MNTS) stock is down -1.53% over the week and -4.30% over the past month. Its price is 13.05% year-to-date and -66.98% over the past year.
The company’s next earnings report is expected on 05/09/2023, with forecasts estimating quarterly EPS at -$0.28 and -$1.14 for whole year. Expected sales for next quarter are $1.13 million, which analysts say will come at $590k for the current fiscal year and next year at $3.52 million. In addition, estimates put the company’s current quarterly revenue at an average of $500k.
Its 12-month price target is $2.00. To reach the target analysts have set, the stock logically needs to grow 57.07 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1.15, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $3.00.
Outstanding shares total 82.07M with insiders holding 5.75% of the shares and institutional holders owning 46.85% of the company’s common stock. The company has a return on investment of -65.30% and return on equity of -78.60%. Price to book ratio is 1.21 and price to sales ratio is 394.56.
Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by iShares Russell 2000 ETF, which sold off 3179.0 shares to end up with 1,095,038 shares worth $0.99 million.
