The Momentum In Momentus Stock Continues: What's Going On?
Portfolio Pulse from Adam Eckert
Momentus Inc (NASDAQ:MNTS) shares have gained over 200% in the last week, driven by increased retail interest and new contracts with SatRev and RIDE! Space for transportation and orbital delivery services. The company's trading volume has significantly exceeded its average session volume over a 100-day period. Momentus has a small float of just 2.23 million shares.
October 17, 2023 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Momentus Inc's stock has seen significant gains due to new contracts and increased retail interest. The company's trading volume has also significantly exceeded its average, indicating high investor interest.
The surge in Momentus Inc's stock price can be attributed to the new contracts it has secured and the increased retail interest. The high trading volume indicates strong investor interest, which could potentially drive the stock price even higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100