Shares of Momentus Inc. (NASDAQ:MNTS – Get Rating) traded up 5.7% on Friday . The company traded as high as $0.32 and last traded at $0.31. 1,861,205 shares were traded during trading, an increase of 123% from the average session volume of 835,550 shares. The stock had previously closed at $0.29.
Momentus Price Performance
The stock has a market capitalization of $29.46 million, a PE ratio of -0.29 and a beta of 0.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.67 and a quick ratio of 1.67. The stock’s 50 day moving average is $0.38 and its two-hundred day moving average is $0.67.
Hedge Funds Weigh In On Momentus
Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its holdings in shares of Momentus by 250.6% in the fourth quarter. Jane Street Group LLC now owns 36,110 shares of the company’s stock valued at $28,000 after acquiring an additional 25,810 shares during the period. Deutsche Bank AG boosted its holdings in shares of Momentus by 153.5% in the first quarter. Deutsche Bank AG now owns 57,036 shares of the company’s stock valued at $33,000 after acquiring an additional 34,539 shares during the period. Quattro Financial Advisors LLC acquired a new stake in shares of Momentus in the first quarter valued at approximately $34,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Momentus in the first quarter valued at approximately $36,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Momentus by 224.2% in the first quarter. Renaissance Technologies LLC now owns 62,900 shares of the company’s stock valued at $37,000 after acquiring an additional 43,500 shares during the period. 78.15% of the stock is currently owned by hedge funds and other institutional investors.
Momentus Company Profile
Momentus Inc, together with its subsidiaries, operates as a commercial space company. The company focuses on providing in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services. Its principal and target customers include satellite operators. The company is headquartered in San Jose, California.
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