Stocks of Momentus Inc (NASDAQ:MNTS) traded higher last session on Wall Street, down -15.32% to $0.49.
MNTS stock price is now -21.00% away from the 50-day moving average and -39.52% away from the 200-day moving average. The market capitalization of the company currently stands at $12.55M.
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With the price target of $2, Evercore ISI recently initiated with Underperform rating for Momentus Inc (NASDAQ: MNTS). On January 10, 2022, Deutsche Bank recently initiated its ‘Buy’ rating on the stock quoting a target price of $10
In other news, Kabot Brian, Director sold 400 shares of the company’s stock on Dec 01 ’23. The stock was sold for $1,040 at an average price of $2.60. Upon completion of the transaction, the Director now directly owns 3,782 shares in the company, valued at $1853.18. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’23, Director Kabot Brian sold 400 shares of the business’s stock. A total of $1,400 was realized by selling the stock at an average price of $3.50. This leaves the insider owning 4,182 shares of the company worth $2049.18. A total of 11.86% of the company’s stock is owned by insiders.
During the past 12 months, Momentus Inc has had a low of $0.35 and a high of $5.95. As of last week, the company has a debt-to-equity ratio of 2.63, a current ratio of 0.97, and a quick ratio of 0.97. The fifty day moving average price for MNTS is $0.62086 and a two-hundred day moving average price translates $0.801565 for the stock.
The latest earnings results from Momentus Inc (NASDAQ: MNTS) was released for 2023-12-31. The net profit margin was -2231.14% and return on equity was -329.81% for MNTS. The company reported revenue of $1.02 million for the quarter, compared to $0.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 752.5 percent.
