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Saturday, June 3, 2023

Momentum Is Strong For Momentus Inc. (NASDAQ: MNTS)

After Hours

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. After-hours trades for Momentus Inc. (MNTS) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $0.3601. The Momentus Inc. has recorded 8,714 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Momentus Deploys Qosmosys Satellite and Starts Comprehensive On-Orbit Support of Caltech Hosted Payload.

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Stocks Info

This NASDAQ-listed company operates within the Aerospace & Defense industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $0.36 and fluctuated between $0.3699 as its day high and $0.3435 as its day low. The current market capitalization of Momentus Inc. is $37.61M. A total of 0.52 million shares were traded on the day, compared to an average of 578.02K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MNTS has seen 3 BUY and 7 SELL insider trades, representing the acquisition of 292,224 and the disposition of 184,899 shares. Over the last 12 months, there were 24 BUYs and 26 SELLs from insiders. Insiders purchased 788,395 shares during that period but sold 502,761.

In the most recent transaction, Kabot Brian sold 20,000 shares of MNTS for 0.42 per share on May 01. After the transaction, the Director now owns 231,824 company shares. In a previous transaction on Apr 04, Kabot Brian sold 6,097 shares at 0.53 per share. MNTS shares that Director owns now total 251,824.

Among the insiders who sold shares, Kabot Brian disposed of 13,903 shares on Apr 03 at a per-share price of $0.56. This resulted in the Director holding 257,921 shares of MNTS after the transaction. In another insider transaction, Kabot Brian sold 20,000 shares at $0.80 per share on Mar 01. Company shares held by the Director now total 271,824.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MNTS in the last 3 months, the mean price target is $1.08 with high estimates of $1.15 and low estimates of $1.00. In terms of 52-week highs and lows, MNTS has a high of $3.84 and a low of $0.32.

As of this writing, MNTS has an earnings estimate of -$0.22 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.22 per share and a lower estimate of -$0.22. The company reported an EPS of -$0.25 in the last quarter, which was 10.70% higher than expectations of -$0.28.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. MNTS’s latest balance sheet shows that the firm has $160.04M in Cash & Short Term Investments as of fiscal 2021. There were $29.38M in debt and $38.87M in liabilities at the time. Its Book Value Per Share was $0.47, while its Total Shareholder’s Equity was $131.89M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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.

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