In the past week, MNTS stock has gone down by -6.13%, with a monthly decline of -4.68% and a quarterly plunge of -35.34%. The volatility ratio for the week is 11.88%, and the volatility levels for the last 30 days are 15.26% for Momentus Inc The simple moving average for the past 20 days is -9.22% for MNTS’s stock, with a -6.93% simple moving average for the past 200 days.
Is It Worth Investing in Momentus Inc (NASDAQ: MNTS) Right Now?
MNTS has 36-month beta value of 0.78. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MNTS is 23.83M, and currently, short sellers hold a 0.81% ratio of that float. The average trading volume of MNTS on November 27, 2024 was 11.14M shares.
MNTS) stock’s latest price update
Momentus Inc (NASDAQ: MNTS)’s stock price has decreased by -3.85 compared to its previous closing price of 0.55. However, the company has seen a -6.13% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-11-12 that SAN JOSE, Calif.–(BUSINESS WIRE)–Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses and technologies, transportation, and other in‑space infrastructure services, today announced that it has been awarded a contract from the U.S. Defense Department’s Space Development Agency (SDA) for the Hybrid Acquisition for Proliferated LEO (HALO) program. SDA has been tasked with deploying a constellation of several hundred satellites in.
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 -5.42% 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 -82.83% of loss for the given period.
Volatility was left at 15.26%, however, over the last 30 days, the volatility rate increased by 11.88%, as shares surge +1.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.38% upper at present.
During the last 5 trading sessions, MNTS fell by -6.99%, which changed the moving average for the period of 200-days by -38.93% in comparison to the 20-day moving average, which settled at $0.5837. In addition, Momentus Inc saw -69.36% 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.
Stock Fundamentals for MNTS
Current profitability levels for the company are sitting at:
- -12.88 for the present operating margin
- 0.85 for the gross margin
The net margin for Momentus Inc stands at -13.04. The total capital return value is set at -464.92. Equity return is now at value -813.59, with -156.27 for asset returns.
Based on Momentus Inc (MNTS), the company’s capital structure generated -2.16 points at debt to capital in total, while cash flow to debt ratio is standing at -7.23. The debt to equity ratio resting at -0.68. The interest coverage ratio of the stock is -144.04.
Currently, EBITDA for the company is -64.6 million with net debt to EBITDA at -0.19. When we switch over and look at the enterprise to sales, we see a ratio of 7.11. The receivables turnover for the company is 6.99for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.38.
Conclusion
To put it simply, Momentus Inc (MNTS) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
