Momentus (NASDAQ:MNTS) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Momentus (NASDAQ:MNTS) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Momentus Price Performance

MNTS stock opened at $1.64 on Thursday. Momentus has a fifty-two week low of $1.56 and a fifty-two week high of $28.56. The business’s 50-day moving average is $1.88 and its two-hundred day moving average is $4.62.

Momentus (NASDAQ:MNTS) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($1.64) EPS for the quarter. Momentus had a negative return on equity of 1,945.42% and a negative net margin of 1,303.93%. The company had revenue of $0.32 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Momentus stock. Armistice Capital LLC lifted its stake in Momentus Inc. (NASDAQ:MNTS) by 21.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,227 shares of the company’s stock after buying an additional 46,968 shares during the quarter. Armistice Capital LLC owned about 5.03% of Momentus worth $528,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 9.24% of the company’s stock.

Momentus Company Profile

Momentus Inc, together with its subsidiaries, operates as a commercial space company. The company focuses on providing in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services. Its principal and target customers include satellite operators. The company is headquartered in San Jose, California.