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Wednesday, February 1, 2023

Value Investing Philosophy And Momentus Inc. (NASDAQ: MNTS)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Momentus Inc. (MNTS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0578, or 7.41%, to $0.8377. The Momentus Inc. has recorded 6,005 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Momentus: Celebrating a Year of Progress with More to Come in 2023.

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Stocks Info

MNTS belongs to the Industrials sector of the NASDAQ while operating in the Aerospace & Defense industry. At the end of the last regular session, the stock closed at $0.78 and fluctuated between $0.9041 as its day high and $0.7500 as its day low. The current market capitalization of Momentus Inc. is $69.69M. A total of 0.51 million shares were traded on the day, compared to an average of 290.55K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MNTS has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 84,014 and the disposition of 35,092 shares. Over the last 12 months, there were 24 BUYs and 52 SELLs from insiders. Insiders purchased 478,971 shares during that period but sold 3,050,395.

In the most recent transaction, Prime Movers Lab Fund I LP sold 20,984 shares of MNTS for 3.10 per share on Jun 09. After the transaction, the 10% Owner now owns 960,830 company shares. In a previous transaction on Jun 09, Prime Movers Lab Fund I LP sold 34,016 shares at 3.10 per share. MNTS shares that 10% Owner owns now total 15,166,661.

Among the insiders who sold shares, Prime Movers Lab Fund I LP disposed of 38,151 shares on Jun 08 at a per-share price of $3.34. This resulted in the 10% Owner holding 962,985 shares of MNTS after the transaction. In another insider transaction, Prime Movers Lab Fund I LP sold 61,849 shares at $3.34 per share on Jun 08. Company shares held by the 10% Owner now total 15,200,677.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MNTS in the last 3 months, the mean price target is $2.08 with high estimates of $3.00 and low estimates of $1.15. In terms of 52-week highs and lows, MNTS has a high of $4.74 and a low of $0.70.

As of this writing, MNTS has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MNTS is Buy with a score of 3.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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