Momentus Inc. (NASDAQ:MNTS – Get Free Report) was the target of some unusual options trading on Monday. Stock investors bought 1,657 put options on the stock. This represents an increase of 113% compared to the average volume of 777 put options.
Momentus Price Performance
Shares of MNTS traded up $0.23 during trading hours on Monday, hitting $4.41. The stock had a trading volume of 233,239 shares, compared to its average volume of 3,497,340. The firm has a market capitalization of $96.86 million, a PE ratio of -0.20 and a beta of 2.31. Momentus has a 12 month low of $3.11 and a 12 month high of $34.45. The stock has a fifty day moving average price of $4.48 and a 200 day moving average price of $6.14.
Momentus (NASDAQ:MNTS – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.70) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.70). The company had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.03 million. Momentus had a negative return on equity of 90.19% and a negative net margin of 927.68%.
Analysts Set New Price Targets
Read Our Latest Analysis on MNTS
Institutional Trading of Momentus
An institutional investor recently bought a new stake in Momentus stock. Engineers Gate Manager LP bought a new stake in shares of Momentus Inc. (NASDAQ:MNTS – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,300 shares of the company’s stock, valued at approximately $103,000. Engineers Gate Manager LP owned about 0.07% of Momentus at the end of the most recent quarter. Hedge funds and other institutional investors own 9.24% of the company’s stock.
Momentus Company Profile
Momentus Inc is a space infrastructure company that develops and operates in-space transportation systems for satellites and other spacecraft. Its primary platform, the Vigoride orbital service vehicle, is designed to transport satellites and payloads from an initial launch orbit to specified destinations in space.
The company’s services include satellite deployment, hosted payload missions, orbital delivery, and other in-space transportation and infrastructure capabilities. Momentus has also developed propulsion and spacecraft technologies intended to support missions such as orbit raising, satellite positioning, and the operation of scientific or commercial payloads.
Founded in 2017, Momentus became a publicly traded company in 2021 through a business combination with a special purpose acquisition company.
Further Reading
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