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Wednesday, December 6, 2023

The Street Is Finally Waking Up To Momentus Inc (NASDAQ: MNTS)

After Hours

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. After-hours trades for Momentus Inc (MNTS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.25%, to $4.05. The Momentus Inc has recorded 2,451 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Momentus Signs Contract with AVS for 2024 Orbital Delivery.

Stocks Info

Momentus Inc is listed on the NASDAQ as a member of the Industrials sector and is a part of the Aerospace & Defense industry. At the end of the last regular session, the stock closed at $4.06 and fluctuated between $4.2685 as its day high and $3.7500 as its day low. The current market capitalization of Momentus Inc is $10.92M. A total of 1.56 million shares were traded on the day, compared to an average of 3.55M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, MNTS has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 16 SELLs from insiders. Insiders purchased 684,504 shares during that period but sold 4,266,131.

In the most recent transaction, Kabot Brian sold 400 shares of MNTS for 3.50 per share on Nov 01. After the transaction, the Director now owns 4,182 company shares. In a previous transaction on Oct 02, Kabot Brian sold 400 shares at 2.17 per share. MNTS shares that Director owns now total 4,582.

Among the insiders who sold shares, Prime Movers Lab Fund I LP disposed of 17,202 shares on Sep 26 at a per-share price of $1.91. This resulted in the 10% Owner holding 60,635 shares of MNTS after the transaction. In another insider transaction, Prime Movers Lab Fund I LP sold 12,822 shares at $1.91 per share on Sep 26. Company shares held by the 10% Owner now total 4,679.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for MNTS in the last 3 months, the mean price target is $11.10 with high estimates of $11.10 and low estimates of $11.10. In terms of 52-week highs and lows, MNTS has a high of $79.50 and a low of $1.03.

As of this writing, MNTS has an earnings estimate of -$7.09 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$7.09 per share and a lower estimate of -$7.09. The company reported an EPS of -$12 in the last quarter, which was -4.30% lower than expectations of -$11.5.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $6.52, while its Total Shareholder’s Equity was $131.89M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 5.00.

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