Why These Defense Stocks Are Declining This Week

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1. Momentus Inc. (NASDAQ:MNTS)

Weekly Decline: -24.53%

Momentus Inc. (NASDAQ:MNTS) is a commercial space company that offers satellite buses and in-space infrastructure services, including hosted payloads, in-space transportation, and other in-orbit services.

The company is also working on several space-related defense contracts, including a recent award by the DoD in February for the assembly of large structures in space. The mission is expected to launch in early 2026.

However, Momentus Inc. (NASDAQ:MNTS)’s shares have been on a continuous decline this year, having lost 75% of their value year-to-date. The company has been under pressure after receiving several delisting warnings over low share price and deficiency notices over the delayed filing of its Form 10-K.

Overall, Momentus Inc. (NASDAQ:MNTS) ranks first among the defense stocks that are declining this week. While we acknowledge the potential of defense companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MNTS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires 

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