Streetbeat News

MNTS

Momentus Inc.

Industry

Aerospace & Defense

Momentus, Inc. engages in the provision of in-space infrastructure services. It offers space transportation and in-orbit servicing. The company was founded by Mikhail Kokorich in 2017 and is headquartered in Santa Jose, CA.

Open

1.71

Mkt cap

5.7M

Volume

378K

High

1.83

P/E Ratio

0.03

52-wk high

28.56

Low

1.68

Div yield

N/A

52-wk low

1.56

In Thursday's after-market session, several industrials stocks showed notable movements. Roma Green Finance (ROMA) led the gainers with a 23.1% increase, while Exponent (EXPO) led the losers with a 6.5% decrease following its Q4 earnings report. Other notable movers included ESS Tech (GWH), Singularity Future Tech (SGLY), and Controladora Vuela (VLRS) among the gainers, and Applied UV (AUVI), Royalty Management Holdings (RMCO), and Dragonfly Energy Holdings (DFLI) among the losers.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 9:31 pm

Momentus Inc. (NASDAQ:MNTS) stock surged after the company announced the termination of its National Security Agreement (NSA) with the U.S. government, as approved by the Committee on Foreign Investment in the United States (CFIUS). The company's CEO, John Rood, highlighted the positive impact of this development, indicating that Momentus has addressed any security concerns. The stock experienced heavy trading volume, with over 20.35 million shares traded, significantly higher than its 100-day average volume.

Portfolio Pulse from Erica Kollmann

January 31, 2024 | 9:17 pm

In Wednesday's intraday session, several industrial stocks experienced significant movements. Powell Industries (POWL) saw a sharp increase of 49.9% after Q1 earnings release. Momentus (MNTS), Plug Power (PLUG), Agrify (AGFY), Baiyu Holdings (BYU), and Jet AI (JTAI) also gained. Conversely, Nuvve Holding (NVVE), TuSimple Hldgs (TSP), American Superconductor (AMSC), Rockwell Automation (ROK), AgEagle Aerial Sys (UAVS), and WANG & LEE Group (WLGS) faced declines, with ROK dropping after its Q1 earnings report.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:31 pm

Momentus Inc. has announced the completion of all requirements under its National Security Agreement (NSA), leading to the termination of the NSA by the Committee on Foreign Investment in the United States (CFIUS). This marks a significant step for the company, potentially removing a major regulatory hurdle that could have impacted its operations and partnerships.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 4:28 pm

In Friday's pre-market session, several industrial stocks showed significant movement. Mesa Air Group's shares soared by 93.7%, while Spirit Airlines rose by 22.98%. Ideanomics, Li-Cycle Holdings, Hyzon Motors, and Momentus also experienced gains. Conversely, C3is, AgEagle Aerial Systems, Roma Green Finance, Aeries Technology, Nuburu, and OceanPal saw their shares decline, with C3is dropping by 33.5%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 1:06 pm

Momentus Inc. (NASDAQ:MNTS) shares dropped 7.4% after announcing a securities purchase agreement with a U.S. institutional investor for the sale of 3,687,000 shares at $1.085 each, and warrants. The deal is expected to raise about $4 million in gross proceeds, with additional warrants to purchase 3,687,000 shares at $0.96. The offering is set to close around January 17, with A.G.P./Alliance Global Partners as the placement agent. MNTS has a 52-week range of $0.75 to $66.50.

Portfolio Pulse from Henry Khederian

January 16, 2024 | 5:33 pm

Momentus Inc. has announced a registered direct offering of 3,687,000 shares of common stock priced at $1.085 per share, along with a warrant. The total value of the offering is approximately $4 million. This capital raise could dilute current shareholders but also provides the company with additional funds for operations, development, and potential debt reduction.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:02 pm

During Monday's intraday session, several industrial stocks experienced significant movements. Applied UV (AUVI) saw a 67.9% increase, while Momentus (MNTS) dropped by 24%. Other notable gainers include Compx Intl (CIX), Nuburu (BURU), Nuvve Holding (NVVE), Captivision (CAPT), and Marti Techs (MRT). Conversely, Swvl Hldgs (SWVL), Mega Matrix (MPU), Bitcoin Depot (BTM), ZKH Group (ZKH), and SOS (SOS) were among the losers.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 5:30 pm

In Monday's pre-market session, several industrial stocks experienced significant movements. Nuvve Holding (NVVE) saw a 30.9% increase, while Applied UV (AUVI) rose by 25.43%. Aeries Technology (AERT) and Roma Green Finance (ROMA) also gained, with increases of 19.92% and 18.56% respectively. TPI Composites (TPIC) and Applied UV's preferred shares (AUVIP) both saw gains. Conversely, Momentus (MNTS), VCI Global (VCIG), iSun (ISUN), KULR Tech Gr (KULR), Bitcoin Depot (BTM), and Sentage Hldgs (SNTG) experienced declines, with MNTS dropping by 39.2%.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 1:05 pm

U.S. stocks showed mixed performance with the S&P 500 and NASDAQ Composite rising, while the Dow fell. Energy shares gained 1% with crude oil prices increasing by 1.2%. Delta Air Lines (DAL) shares dropped over 8% after Q4 results, despite beating revenue and EPS estimates, due to conservative EPS guidance for the current year. Applied UV (AUVI), Flexsteel Industries (FLXS), and Wipro Limited (WIT) saw their shares surge after positive announcements. Genius Group (GNS) shares plummeted 47% following an $8.25 million public offering announcement. VCI Global (VCIG) and Momentus (MNTS) also saw significant declines after announcing their respective public offerings and funding issues.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 7:27 pm

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