Momentus Inc. (NASDAQ:MNTS – Get Free Report) shares shot up 2.2% on Tuesday . The stock traded as high as $0.45 and last traded at $0.43. 497,948 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 2,137,293 shares. The stock had previously closed at $0.42.
Momentus Stock Up 2.2 %
The stock’s 50-day moving average is $0.72 and its 200-day moving average is $1.91. The firm has a market cap of $5.17 million, a P/E ratio of -0.01 and a beta of 0.76.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Buckingham Strategic Wealth LLC acquired a new position in shares of Momentus in the 2nd quarter valued at $39,000. LPL Financial LLC bought a new stake in shares of Momentus in the 2nd quarter valued at approximately $59,000. Rhumbline Advisers bought a new position in shares of Momentus during the 2nd quarter worth approximately $164,000. JPMorgan Chase & Co. boosted its stake in Momentus by 209.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 29,213 shares of the company’s stock valued at $63,000 after buying an additional 19,762 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Momentus in the first quarter valued at $36,000. 9.24% of the stock is owned by institutional investors.
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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