Momentus (NASDAQ:MNTS) Downgraded to “Sell” Rating by Wall Street Zen

Momentus (NASDAQ:MNTS) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Momentus in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Momentus Stock Up 3.1%

Shares of NASDAQ MNTS opened at $4.28 on Friday. The stock’s 50 day moving average price is $5.98 and its two-hundred day moving average price is $13.39. Momentus has a 52-week low of $3.82 and a 52-week high of $43.55. The stock has a market capitalization of $5.99 million, a P/E ratio of -0.06 and a beta of 1.10.

Institutional Trading of Momentus

A hedge fund recently raised its stake in Momentus stock. Armistice Capital LLC lifted its stake in Momentus Inc. (NASDAQ:MNTS) by 199.7% in the second quarter, according to its most recent 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 quarter. Armistice Capital LLC owned 12.62% of Momentus worth $966,000 as of its most recent filing with the Securities & Exchange Commission. 9.24% of the stock is owned by institutional investors and hedge funds.

About Momentus

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.