Wall Street Zen downgraded shares of Momentus (NASDAQ:MNTS – Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning.
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 presently has an average rating of “Sell”.
Read Our Latest Analysis on Momentus
Momentus Price Performance
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Momentus stock. Armistice Capital LLC lifted its stake in shares of Momentus Inc. (NASDAQ:MNTS – Free Report) by 199.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing. 9.24% of the stock is owned by institutional investors.
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.
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