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

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

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Momentus in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Momentus Price Performance

MNTS stock opened at $4.28 on Friday. The firm has a market capitalization of $5.99 million, a P/E ratio of -0.06 and a beta of 1.10. Momentus has a 52-week low of $3.82 and a 52-week high of $43.55. The company’s 50 day simple moving average is $5.98 and its 200-day simple moving average is $13.39.

Institutional Investors Weigh In On Momentus

An institutional investor recently raised its position in Momentus stock. Armistice Capital LLC increased its holdings in Momentus Inc. (NASDAQ:MNTS) by 199.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 792,000 shares of the company’s stock after purchasing an additional 527,773 shares during the period. Armistice Capital LLC owned approximately 12.62% of Momentus worth $966,000 at the end of the most recent reporting period. 9.24% of the stock is currently 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.