Momentus (NASDAQ:MNTS) Stock Price Down 3.2%

Momentus Inc. (NASDAQ:MNTS)’s stock price was down 3.2% during mid-day trading on Thursday . The stock traded as low as $0.55 and last traded at $0.55. Approximately 108,177 shares traded hands during trading, a decline of 93% from the average daily volume of 1,545,621 shares. The stock had previously closed at $0.57.

Momentus Stock Performance

The firm has a market capitalization of $6.63 million, a PE ratio of -0.01 and a beta of 0.64. The firm’s 50-day moving average is $0.50 and its 200 day moving average is $1.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Momentus stock. Armistice Capital LLC acquired a new position in shares of Momentus Inc. (NASDAQ:MNTS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 492,000 shares of the company’s stock, valued at approximately $851,000. Armistice Capital LLC owned approximately 5.94% of Momentus at the end of the most recent quarter. 9.24% of the stock is currently owned by institutional investors.

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.