Momentus (NASDAQ:MNTS) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Momentus (NASDAQ:MNTS) from a hold rating to a sell rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Momentus in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Momentus Trading Down 1.4%

MNTS stock opened at $4.22 on Friday. The stock has a market capitalization of $5.91 million, a price-to-earnings ratio of -0.06 and a beta of 1.11. The firm’s 50-day moving average price is $5.85 and its two-hundred day moving average price is $13.11. Momentus has a 12-month low of $3.82 and a 12-month high of $43.55.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Momentus stock. Armistice Capital LLC increased its position in Momentus Inc. (NASDAQ:MNTS) by 199.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 792,000 shares of the company’s stock after purchasing an additional 527,773 shares during the period. Armistice Capital LLC owned 12.62% of Momentus worth $966,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.