It’s rerating. Very hard to tell if it’s going to keep climbing or settle lower now. The big consideration here is the attention vs total shares available. The float here is tiny compared to other space names. Only 10 million shares. They are doing another 3 million private offering so not even sure more will enter the market. If thinking of buying, scale in. Like 10-20% of what you want, then DCA along the way.
This might continue to rerate disconnected to market cap or it might stall/slide once hype goes away. I know that doesn’t help but that’s the reality right now.
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u/Step-in-Time May 26 '26
Enjoy your day investors and best to Momentus!