Momentus (NASDAQ:MNTS) Stock Price Up 2.5%

Momentus Inc. (NASDAQ:MNTS – Get Free Report)’s stock price rose 2.5% during mid-day trading on Tuesday . The company traded as high as $5.95 and last traded at $4.97. Approximately 15,205,152 shares were traded during mid-day trading, an increase of 1,335% from the average daily volume of 1,059,853 shares. The stock had previously closed at $4.85.

Momentus Stock Up 2.5 %

The business’s 50 day moving average is $6.60 and its 200-day moving average is $14.35. The firm has a market cap of $11.95 million, a P/E ratio of -0.10 and a beta of 1.24.

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Momentus (NASDAQ:MNTS – Get Free Report) last released its earnings results on Monday, August 14th. The company reported ($10.00) earnings per share for the quarter, missing the consensus estimate of ($8.50) by ($1.50). Momentus had a negative net margin of 4,321.76% and a negative return on equity of 230.81%. The business had revenue of $1.71 million for the quarter, compared to the consensus estimate of $0.94 million. As a group, equities analysts predict that Momentus Inc. will post -28.5 earnings per share for the current year.

Insider Buying and Selling at Momentus

In other Momentus news, major shareholder Movers Lab Fund I. Lp Prime sold 31,261 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $2.04, for a total transaction of $63,772.44. Following the completion of the sale, the insider now owns 77,837 shares in the company, valued at $158,787.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Movers Lab Fund I. Lp Prime sold 4,526 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $5.57, for a total transaction of $25,209.82. Following the completion of the transaction, the insider now owns 223,500 shares of the company’s stock, valued at $1,244,895. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Movers Lab Fund I. Lp Prime sold 31,261 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $2.04, for a total transaction of $63,772.44. Following the transaction, the insider now directly owns 77,837 shares of the company’s stock, valued at approximately $158,787.48. The disclosure for this sale can be found here. Insiders sold a total of 81,609 shares of company stock worth $305,881 over the last 90 days. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Momentus

Several hedge funds and other institutional investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new stake in Momentus in the second quarter worth about $88,000. Two Sigma Securities LLC acquired a new stake in Momentus in the 2nd quarter valued at about $48,000. Renaissance Technologies LLC lifted its holdings in Momentus by 1,124.4% in the 2nd quarter. Renaissance Technologies LLC now owns 770,119 shares of the company’s stock valued at $243,000 after acquiring an additional 707,219 shares during the last quarter. Buckingham Strategic Wealth LLC acquired a new stake in Momentus in the 2nd quarter valued at about $39,000. Finally, Geode Capital Management LLC raised its holdings in Momentus by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 1,057,485 shares of the company’s stock worth $619,000 after buying an additional 35,673 shares during the period. Institutional investors and hedge funds own 31.80% of the company’s stock.

Momentus Company Profile

(Get Free Report)

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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