Momentus Inc [NASDAQ: MNTS] stock went on a downward path that fall over -13.48% on Monday, amounting to a one-week price decrease of less than -4.69%.
Over the last 12 months, MNTS stock dropped by -84.62%. The one-year Momentus Inc stock forecast points to a potential downside of -469185.71. The average equity rating for MNTS stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $7.66 million, with 6.27 million shares outstanding and 6.04 million shares in the current float. Compared to the average trading volume of 269.37K shares, MNTS stock reached a trading volume of 48824964 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Momentus Inc [MNTS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MNTS shares is $57.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MNTS stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Evercore ISI have made an estimate for Momentus Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on July 05, 2022. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on January 10, 2022, representing the official price target for Momentus Inc stock.
MNTS Stock Performance Analysis:
Momentus Inc [MNTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.69. With this latest performance, MNTS shares dropped by -29.48% in over the last four-week period, additionally sinking by -84.05% over the last 6 months – not to mention a drop of -84.62% in the past year of trading.
Insight into Momentus Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Momentus Inc [MNTS] shares currently have an operating margin of -1432.19% and a Gross Margin at -1.51%. Momentus Inc’s Net Margin is presently recorded at -1705.93%.
Return on Equity for this stock declined to -215.35%, with Return on Assets sitting at -215.35%.
Momentus Inc [MNTS] Institutonal Ownership Details
There are presently around $7.18%, or 7.34% of MNTS stock, in the hands of institutional investors. The top three institutional holders of MNTS stocks are: GEODE CAPITAL MANAGEMENT, LLC with ownership of 81769.0 shares, which is approximately 0.1553%. SCOGGIN MANAGEMENT LP, holding 50000.0 shares of the stock with an approximate value of $$26785.0 in MNTS stocks shares; and SCOGGIN MANAGEMENT LP, currently with $$18419.0 in MNTS stock with ownership which is approximately 0.0653%.
