Momentus (NASDAQ:MNTS) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Momentus (NASDAQ:MNTS) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Momentus in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Momentus Price Performance

Shares of NASDAQ MNTS opened at $5.74 on Friday. The stock has a market capitalization of $8.04 million, a PE ratio of -0.08 and a beta of 0.97. Momentus has a one year low of $4.73 and a one year high of $174.56. The business’s fifty day moving average price is $12.94 and its 200-day moving average price is $19.55.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Momentus stock. Armistice Capital LLC boosted its stake in Momentus Inc. (NASDAQ:MNTS) by 199.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 792,000 shares of the company’s stock after purchasing an additional 527,773 shares during the quarter. Armistice Capital LLC owned about 12.62% of Momentus worth $966,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 9.24% of the company’s stock.

Momentus Company Profile

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.