Momentus Inc. (NASDAQ:MNTS) stock rebounded in Tuesday premarket trading after plunging 18% in the previous session. Investors returned to the space stock following a recent company update highlighting a $76 million cash position and progress on its Vigoride 7 mission.

Capital Raise Boosts Cash Position

Momentus said Monday it strengthened its balance sheet through capital-raising activities, bringing cash on hand to about $76 million while remaining debt-free.

The company fully utilized its remaining $50 million at-the-market program capacity, completed a $25 million private placement in May, and received more than $9.6 million from warrant exercises.

Momentus also reported progress on its Vigoride 7 mission, which launched on SpaceX’s Transporter-16 mission in March. The spacecraft has completed more than 30 engine burns, begun customer payload operations, and successfully commissioned DARPA-backed ASTRA, a Caltech-developed in-space assembly payload.

The company said Vigoride 8, scheduled for 2027, is fully subscribed and will carry two NASA payloads.

Read Also: Momentus Files $200 Million Shelf Registration

Momentus Technical Analysis

MNTS is trading near $12.75, about 17% above its 20-day SMA of $10.95. It is also 76% above its 50-day SMA of $7.29. That keeps the intermediate trend pointed higher after the April swing low.

The stock is also trading above its 200-day SMA of $12.14. That level is important because it can turn from resistance into support when a recovery gains traction.

Momentum looks balanced. The RSI is 53.99, which is neutral. That means the stock is not yet flashing overbought signals. It also suggests the move still has room to build.

The moving-average setup is mixed. The 20-day SMA is above the 50-day SMA, which is bullish. However, the 50-day SMA remains below the 200-day SMA. That shows the longer-term trend has not fully repaired.

MNTS is still down 57.21% over the past 12 months. It also remains well below its 52-week high of $43.55. As a result, the move looks more like a rebound than a fully confirmed long-term uptrend.

  • Key support: $11.83, near the 20-day EMA
  • Key resistance: $12.14, near the 200-day SMA

MNTS Stock Price Activity: Momentus shares were up 7.53% at $13.14 during premarket trading on Tuesday, according to Benzinga Pro data.

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