Momentus Inc (NASDAQ: MNTS)’s stock price has plunge by 35.69relation to previous closing price of 0.37. Nevertheless, the company has seen a 34.59% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-22 that Whenever a company receives a deficiency notice from an exchange, investors can typically expect the stock to fall precipitously. But that’s not the case with Momentus (NASDAQ: MNTS ) today.
Is It Worth Investing in Momentus Inc (NASDAQ: MNTS) Right Now?
Additionally, the 36-month beta value for MNTS is 0.72. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MNTS is 13.08M and currently, short sellers hold a 1.88% ratio of that float. The average trading volume of MNTS on April 23, 2024 was 1.85M shares.
MNTS’s Market Performance
MNTS’s stock has seen a 34.59% increase for the week, with a 9.22% rise in the past month and a -36.93% fall in the past quarter. The volatility ratio for the week is 17.39%, and the volatility levels for the past 30 days are at 10.13% for Momentus Inc The simple moving average for the past 20 days is 20.15% for MNTS’s stock, with a -89.53% simple moving average for the past 200 days.
Analysts’ Opinion of MNTS
Many brokerage firms have already submitted their reports for MNTS stocks, with Evercore ISI repeating the rating for MNTS by listing it as a “Underperform.” The predicted price for MNTS in the upcoming period, according to Evercore ISI is $2 based on the research report published on July 05, 2022 of the previous year 2022.
Deutsche Bank, on the other hand, stated in their research note that they expect to see MNTS reach a price target of $10. The rating they have provided for MNTS stocks is “Buy” according to the report published on January 10th, 2022.
MNTS Trading at -13.06% from the 50-Day Moving Average
After a stumble in the market that brought MNTS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.17% of loss for the given period.
Volatility was left at 10.13%, however, over the last 30 days, the volatility rate increased by 17.39%, as shares surge +11.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.69% lower at present.
During the last 5 trading sessions, MNTS rose by +34.59%, which changed the moving average for the period of 200-days by -96.40% in comparison to the 20-day moving average, which settled at $0.4187. In addition, Momentus Inc saw -71.10% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MNTS starting from Kabot Brian, who sale 400 shares at the price of $2.60 back on Dec 01 ’23. After this action, Kabot Brian now owns 3,782 shares of Momentus Inc, valued at $1,040 using the latest closing price.
Kabot Brian, the Director of Momentus Inc, sale 400 shares at $3.50 during a trade that took place back on Nov 01 ’23, which means that Kabot Brian is holding 4,182 shares at $1,400 based on the most recent closing price.
Stock Fundamentals for MNTS
Current profitability levels for the company are sitting at:
- -34.5 for the present operating margin
- 0.54 for the gross margin
The net margin for Momentus Inc stands at -38.42. The total capital return value is set at -7.26. Equity return is now at value -246.98, with -111.48 for asset returns.
Based on Momentus Inc (MNTS), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at -5.13. The debt to equity ratio resting at 2.83. The interest coverage ratio of the stock is -34.0.
Currently, EBITDA for the company is -88.45 million with net debt to EBITDA at -0.03. When we switch over and look at the enterprise to sales, we see a ratio of 4.15. The receivables turnover for the company is 4.02for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
In conclusion, Momentus Inc (MNTS) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
