Momentus Inc. (NASDAQ:MNTS) saw an upside of 2.29% to $0.24 after adding $0.01on Wednesday. The 5-day average trading volume is 648,624 shares of the company’s common stock. It has gained $0.3205 in the past week and touched a new high 1 time within the past 5 days. An average of 556,911 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 930,410.
MNTS’s 1-month performance is -48.74% or -$0.1236 on its low of $0.2300 reached on 08/23/23. The company’s shares have touched a 52-week low of $0.23 and high of $2.05, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, MNTS has lost -69.70% or -$0.5435 and has reached a new high 3 times. However, the current price is down -88.47% from the 52-week high price.
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Insider Transactions
MNTS stock investors last saw insider trading activity on Aug 17.Mercado Victorino (Director) most recently sold 33,189 shares at $0.31 per share on Aug 17. This transaction cost the insider $10,219. Director, Kabot Brian, sold 20,000 shares at a price of $0.42 on Aug 01. Then, on Jun 08, 10% Owner Prime Movers Lab Fund I LP sold 1,822,239 shares at a price of $0.27 per share. This transaction amounted to $484,533.
Valuation Metrics
MNTS stock has a beta of 1.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 82.41 while the price-to-book (PB) in the most recent quarter is 1.82.
Momentus Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.10. In terms of profitability, the gross margin trailing 12 months is 91.90%. The trailing 12-month EBITDA margin is -29773.24%. The firm’s gross profit as reported stood at $0.27 million against revenue of $0.3 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -21.39% to -$18.84 million, while revenue of -$20.83 million was -10.56% off the previous quarter. Analysts expected MNTS to announce -$0.17 per share in earnings in its latest quarter, but it posted -$0.2, representing a -17.60% surprise. EBITDA for the quarter stood at more than -$18.0 million. MNTS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 35.96 million, with total debt at $15.42 million. Shareholders hold equity totaling $97.87 million.
Let’s look briefly at Momentus Inc. (MNTS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 20.26% to suggest the stock is trending oversold, with historical volatility in this time period at 56.22%.
The stock’s 5-day moving average is $0.2621, reflecting a -21.20% or -$0.0636 change from its current price. MNTS is currently trading -42.76% above its 20-day SMA, -57.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -18.09% and SMA200 by-82.99%.
Stochastic %K and %D was 1.41% and 1.85% and the average true range (ATR) pointed at 0.0343. The RSI (14) points at 29.12%, while the 14-day stochastic is at 3.37% with the period’s ATR at 0.0352. The stock’s 9-day MACD Oscillator is pointing at -0.0435 and -0.0734 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Momentus Inc. (NASDAQ: MNTS), Evercore ISI launched coverage with an Underperform rating. Analysts offering their rating for MNTS stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate MNTS as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is MNTS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.38 and a high of $2.00, with their median price target at $1.00. Looking at these predictions, the average price target given by analysts is for Momentus Inc. (MNTS) stock is $1.13.
