Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Momentus Inc. shares valued at $8,360 were sold by Kabot Brian on May 01. At $0.42 per share, Kabot Brian sold 20,000 shares. The insider’s holdings dropped to 231,824 shares worth approximately $74183.68000000001 following the completion of this transaction.
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Also, Kabot Brian sold 6,097 shares, netting a total of over 3,261 in proceeds. Following the sale of shares at $0.53 each, the insider now holds 251,824 shares.
Before that, Kabot Brian had sold 13,903 shares from its account. In a trade valued at $7,763, the Director traded Momentus Inc. shares for $0.56 each. Upon closing the transaction, the insider’s holdings decreased to 13,903 shares, worth approximately $82534.72.
Analyzing MNTS Stock Performance
On Thursday, Momentus Inc. [NASDAQ: MNTS] plunged -4.68% to $0.32. The stock’s lowest price that day was $0.3193, but it reached a high of $0.3673 in the same session. During the last five days, there has been a drop of approximately -10.64%. Over the course of the year, Momentus Inc. shares have dropped approximately -58.74%. Shares of the company reached a 52-week high of $1.5900 on 01/12/23 and a 52-week low of $0.3193 on 05/25/23. A 50-day SMA is recorded $0.4573, while a 200-day SMA reached $1.0252. Nevertheless, trading volume fell to 0.84 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Momentus Inc. (MNTS)
According to the 24-hour chart, there is a support level at 0.3050, which, if violated, would cause prices to drop to 0.2881. In the upper region, resistance lies at 0.3530. The next price resistance is at 0.3841. RSI (Relative Strength Index) is 28.39 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0289, which suggests the price will decrease in the coming days. Percent R is at 98.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Momentus Inc. subject to short interest?
Stocks of Momentus Inc. saw a sharp steep in short interest on May 14, 2023 dropping by 80000.0 shares to 4.46 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 4.54 million shares. A decline of -1.79% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.67 of the overall float, the days-to-cover ratio (short ratio) decline to 5.67.
Which companies own the most shares of Momentus Inc. (MNTS)?
According to Armistice Capital LLC filings, the company currently owns 5,930,652 shares, which is about 6.31% of the total MNTS shares outstanding. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,427,372. The Vanguard Group, Inc. acquire a 0.26% interest valued at $1.13 million while Geode Capital Management LLC purchased a 35,673 stake. A total of -29,233 shares of Momentus Inc. were bought by SSgA Funds Management, Inc. during the quarter, and 0 by Scoggin Management LP. In its current portfolio, Northern Trust Investments, Inc. holds 416,919 shares valued at $0.18 million.
In terms of Momentus Inc. share price expectations, FactSet research, analysts set an average price target of $1.08 in the next 12 months, up nearly 217.65% from the previous closing price of $0.34. Analysts anticipate Momentus Inc. stock to reach $1.15 by 2023, with the lowest price target being $1.00. In spite of this, 2 analysts ranked Momentus Inc. stock as a Buy at the end of 2023.