Key Points
- Director Chris Hadfield bought more Momentus shares, purchasing 2,000 shares at $7.19 each for $14,380. The move increased his direct ownership to 3,500 shares, a 133.33% gain in his stake.
- Momentus stock has surged sharply, opening at $15.48 and reflecting a 109.8% move cited in the report. The company’s shares remain volatile, with a 52-week range of $3.11 to $43.55.
- Despite insider and institutional buying, fundamentals and analyst sentiment remain weak. Momentus recently reported a loss of $2.15 per share on $3.22 million in revenue, and the stock’s average analyst rating is currently “Sell.”
Momentus Inc. (NASDAQ:MNTS - Get Free Report) Director Chris Hadfield bought 2,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $7.19 per share, for a total transaction of $14,380.00. Following the completion of the transaction, the director directly owned 3,500 shares of the company's stock, valued at $25,165. This trade represents a 133.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Chris Hadfield also recently made the following trade(s):
- On Friday, May 15th, Chris Hadfield bought 1,500 shares of Momentus stock. The shares were purchased at an average cost of $5.32 per share, for a total transaction of $7,980.00.
Momentus Stock Up 109.8%
Shares of NASDAQ:MNTS opened at $15.48 on Wednesday. Momentus Inc. has a twelve month low of $3.11 and a twelve month high of $43.55. The stock's 50 day moving average is $5.24 and its 200-day moving average is $7.60. The firm has a market capitalization of $154.65 million, a price-to-earnings ratio of -0.36 and a beta of 1.33.
Momentus (NASDAQ:MNTS - Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($2.15) EPS for the quarter. The company had revenue of $3.22 million during the quarter. Momentus had a negative net margin of 843.77% and a negative return on equity of 401.62%.
Institutional Investors Weigh In On Momentus
An institutional investor recently raised its position in Momentus stock. Armistice Capital LLC grew its holdings in shares of Momentus Inc. (NASDAQ:MNTS - Free Report) by 199.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 792,000 shares of the company's stock after purchasing an additional 527,773 shares during the quarter. Armistice Capital LLC owned approximately 12.62% of Momentus worth $966,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.24% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Wall Street Zen lowered Momentus from a "hold" rating to a "sell" rating in a research report on Saturday, March 21st. Weiss Ratings reissued a "sell (e+)" rating on shares of Momentus in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".
View Our Latest Report on Momentus
Momentus Company Profile
(
Get Free Report)
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.
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