Momentus (NASDAQ:MNTS) Trading Up 3.2%

Momentus Inc. (NASDAQ:MNTS)’s stock price was up 3.2% during mid-day trading on Wednesday . The company traded as high as $0.40 and last traded at $0.39. Approximately 281,314 shares were traded during trading, a decline of 84% from the average daily volume of 1,750,669 shares. The stock had previously closed at $0.38.

Momentus Trading Up 3.2 %

The stock has a market cap of $4.66 million, a PE ratio of -0.01 and a beta of 0.72. The business has a 50-day moving average price of $0.59 and a 200-day moving average price of $1.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MNTS. Dynamic Technology Lab Private Ltd purchased a new position in shares of Momentus during the 1st quarter worth $36,000. Blair William & Co. IL purchased a new position in shares of Momentus during the 1st quarter worth $55,000. NewEdge Advisors LLC purchased a new position in shares of Momentus during the 2nd quarter worth $41,000. American International Group Inc. purchased a new position in shares of Momentus during the 2nd quarter worth $55,000. Finally, LPL Financial LLC acquired a new stake in shares of Momentus during the 2nd quarter worth about $59,000. 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.