151604459
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$Momentus (MNTS.US)$ anyone bought close to 2 and now still holding?
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151604459
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$Momentus (MNTS.US)$ what is going on?
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151604459
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The thing about this stock is it's market cap. A low 17mil .... it's SOI is about the same as it did a 50:1 consolidation not long ago. NASDAC listing rules says stocks price minimum of $1 so you don't see penny stocks. Low shares on issue means less liquidity and wilder price gaps and swings. It also is trading not far off historic low point and has secured a deal with NASA. One other thing I noticed from trades, the small money players were the volatile traders,the larger trades not so much and a lot of them stuck around and bought the low at the end of the day. Larger payers with experience often rattle the tree shaking out the small players, preset stops get taken out and a cascade can occur and after the dust settles they accumilate
Growth is in the pipeline, you don't find opportunities like this that often. If trapped you have some options
1. Wait, play the long game
2. Sell for a loss
3. Average down and wait
Analysts have $4 target on this stock, that only takes it's market cap to $68mil ... still very cheap imho
So, choose wisely.
151604459 : Went back to daily open, bounced off that. Stock has a fairly accepted $4 target based on news from a few analysts.
151604459 : accumilation at end of day, low MC, low liquidity due to low SOI .... not far off historic low = high probability of going up. if it went to $4 it's MC still only around $68 mil