Momentus (NASDAQ:MNTS) Announces Earnings Results

Momentus (NASDAQ:MNTSGet Free Report) announced its earnings results on Tuesday. The company reported $16.59 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.36 million during the quarter.

Momentus Trading Up 1.4%

NASDAQ:MNTS opened at $3.73 on Thursday. Momentus has a twelve month low of $3.38 and a twelve month high of $43.55. The company has a market cap of $5.22 million, a PE ratio of -0.05 and a beta of 1.14. The company’s 50 day moving average is $5.19 and its two-hundred day moving average is $12.26.

Institutional Investors Weigh In On Momentus

An institutional investor recently raised its position in Momentus stock. Armistice Capital LLC increased its stake in shares of Momentus Inc. (NASDAQ:MNTSFree Report) by 199.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 792,000 shares of the company’s stock after buying 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 SEC filing. Institutional investors own 9.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on MNTS shares. Wall Street Zen lowered Momentus from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Momentus in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Read Our Latest Stock Report on Momentus

About Momentus

(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.

See Also

Earnings History for Momentus (NASDAQ:MNTS)

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