Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
Momentus Inc (NASDAQ: MNTS) closed the day trading at $1.22 down -3.94% from the previous closing price of $1.27. In other words, the price has decreased by -$3.94 from its previous closing price. On the day, 0.64 million shares were traded. MNTS stock price reached its highest trading level at $1.26 during the session, while it also had its lowest trading level at $1.17.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Evercore ISI on July 05, 2022, initiated with a Underperform rating and assigned the stock a target price of $2.
On January 10, 2022, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $10.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MNTS now has a Market Capitalization of 14775664 and an Enterprise Value of 19336926. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.60. Its current Enterprise Value per Revenue stands at 21.367 whereas that against EBITDA is -0.76.
Stock Price History:
The Beta on a monthly basis for MNTS is 1.19, which has changed by -0.8769169 over the last 52 weeks, in comparison to a change of 0.20221436 over the same period for the S&P500. Over the past 52 weeks, MNTS has reached a high of $14.84, while it has fallen to a 52-week low of $1.03. The 50-Day Moving Average of the stock is -3.44%, while the 200-Day Moving Average is calculated to be -63.50%.
Shares Statistics:
Over the past 3-months, MNTS traded about 6.73M shares per day on average, while over the past 10 days, MNTS traded about 742610 shares per day. A total of 11.63M shares are outstanding, with a floating share count of 10.84M. Insiders hold about 6.82% of the company’s shares, while institutions hold 8.02% stake in the company. Shares short for MNTS as of 1755216000 were 1741129 with a Short Ratio of 0.26, compared to 1752537600 on 577242. Therefore, it implies a Short% of Shares Outstanding of 1741129 and a Short% of Float of 15.079999999999998.
