Momentus Inc. (NASDAQ:MNTS – Get Free Report)’s stock price traded up 3.2% on Wednesday . The stock traded as high as $0.40 and last traded at $0.39. 281,314 shares were traded during trading, a decline of 84% from the average session volume of 1,750,669 shares. The stock had previously closed at $0.38.
Momentus Stock Up 3.2 %
The stock has a market capitalization of $4.66 million, a price-to-earnings ratio of -0.01 and a beta of 0.72. The firm has a 50-day moving average of $0.59 and a two-hundred day moving average of $1.65.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Momentus by 4.7% during the 1st quarter. State Street Corp now owns 210,493 shares of the company’s stock worth $671,000 after acquiring an additional 9,373 shares in the last quarter. Vident Investment Advisory LLC boosted its stake in shares of Momentus by 48.1% during the 1st quarter. Vident Investment Advisory LLC now owns 29,938 shares of the company’s stock worth $96,000 after acquiring an additional 9,723 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Momentus during the 1st quarter valued at approximately $36,000. Swiss National Bank boosted its stake in Momentus by 17.2% during the 1st quarter. Swiss National Bank now owns 114,300 shares of the company’s stock valued at $365,000 after purchasing an additional 16,800 shares during the period. Finally, Blair William & Co. IL bought a new stake in Momentus during the 1st quarter valued at approximately $55,000. Hedge funds and other institutional investors own 9.24% of the company’s stock.
About Momentus
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.
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