Momentus (NASDAQ:MNTS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Momentus (NASDAQ:MNTS) from a sell rating to a hold rating in a report published on Sunday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Momentus in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Momentus Price Performance

MNTS stock opened at $9.50 on Friday. The company has a 50-day moving average of $11.57 and a two-hundred day moving average of $18.87. Momentus has a 52-week low of $4.73 and a 52-week high of $160.65. The stock has a market capitalization of $13.30 million, a price-to-earnings ratio of -0.13 and a beta of 0.97.

Momentus (NASDAQ:MNTS) last announced its quarterly earnings data on Wednesday, November 19th. The company reported ($19.28) EPS for the quarter. The firm had revenue of $0.23 million for the quarter.

Institutional Trading of Momentus

A hedge fund recently raised its stake in Momentus stock. Armistice Capital LLC raised its holdings in Momentus Inc. (NASDAQ:MNTS) by 199.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 792,000 shares of the company’s stock after buying an additional 527,773 shares during the period. Armistice Capital LLC owned about 12.62% of Momentus worth $966,000 as of its most recent filing with the Securities and Exchange Commission. 9.24% of the stock is owned by hedge funds and other institutional investors.

About Momentus

Momentus Inc is a space logistics and in-space transportation company that develops and operates orbital transfer vehicles (OTVs) to move satellites and other payloads between orbits. Its core offering, the Vigoride platform, uses a proprietary water plasma propulsion system to provide sustainable, high-efficiency thrust for a range of orbital maneuvers. The company’s solutions are designed to enable flexible deployment and repositioning of satellites after launch, assisting satellite operators in optimizing mission lifespans and orbital slots.

Founded in 2017 and headquartered in Santa Clara, California, Momentus has pursued a path of technology demonstration and commercialization.