Shares of Momentus Inc, a company listed on the NASDAQ under the ticker MNTS, encountered significant selling pressure at the start of the week, pulling back after an impressive run upward the prior week. Investors looking at MNTS will find a stock currently hovering near recent low levels, raising questions about its next moves and market resilience.
Background Behind Last Week's Price Surge
The momentum that propelled Momentus shares higher last week originated from the announcement that the company is developing an additive manufactured fuel tank in partnership with Velo3D. Velo3D had previously confirmed it was actively printing components destined for SpaceX's Raptor 4 engine, casting a positive light on Momentus's technological collaborations.
This partnership centers on producing a specialized fuel tank for the Momentus Vigoride-7 Orbital Service Vehicle. The project demonstrates the potential for additive manufacturing techniques to advance spacecraft design by enabling complex features that traditional manufacturing cannot easily achieve. Momentus leveraged Velo3D’s fully integrated additive manufacturing solutions to design and fabricate a tank optimized beyond conventional methods.
As a result of these developments, the stock price nearly doubled, climbing from around $8 to almost $16 at its highest point during the week. Despite this strong performance, the price momentum encountered resistance and ultimately retraced, with Monday's decline filling the earlier trading gap that emerged from the spike.
Long-Term Performance and Current Technical Indicators
Looking beyond the recent rally, Momentus has faced a tough environment over the past year. Its share price has plummeted by roughly 91.18% from a peak of $160.65 recorded 12 months ago. This sharp drop highlights the stock's substantial volatility and the risks tied to its investment profile.
At present, the price trades about 13.5% above its 20-day simple moving average (SMA), which is generally a short-term positive indicator. However, the stock remains significantly below its 100-day SMA, by nearly 43%, signaling difficulties in regaining longer-term upward momentum.
Technical momentum metrics present a mixed outlook. The Relative Strength Index (RSI) stands at 55.48, representing a neutral zone wherein the stock is neither considered overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator holds above its signal line, reflecting some bullish momentum that could fuel further price appreciation if maintained.
Nonetheless, this combination of neutral RSI paired with bullish MACD underscores the ambivalent nature of momentum: while there is upward pressure, it may be insufficient to support a sustained trend reversal at this stage.
Critical Price Levels and Market Signals
From a trading perspective, key price resistance exists near $10.50, which has acted as a barrier to further gains. Support is identified around the $9.50 mark, representing a level where buyers may find value and potentially stabilize the price.
Market data also shed light on the stock’s profile via the Benzinga Edge momentum scorecard. Momentus receives a bullish momentum rating of 85 out of 100, indicating that it is currently outperforming the broader market context.
Additionally, Momentus was recently highlighted in a momentum-focused stock index designed to identify companies with strong but lesser-known trends, colloquially termed “High-Flyer” setups within this analytics framework. However, it is important to note that the absence of strong confirmations across broader ranking categories suggests prudent caution for investors, who may prefer to await further company developments before committing to longer-term positions.
Market Capitalization and Stock Float Considerations
As of Monday’s market close, Momentus held a market capitalization of approximately $20.8 million, paired with a limited total float of about 1.67 million shares outstanding, according to trading data sources. Such a low-float micro-cap structure typically entails pronounced share price volatility, which market participants should factor into their risk assessment.
Recent Trading Activity
Monday’s session saw Momentus shares decline by 17.01%, closing near $10.34, reverting a substantial portion of the prior week’s gains. This price action underscores the rapid shifts that continue to characterize the stock’s trading profile and emphasizes the technical resistance encountered after the initial surge linked to additive manufacturing news.