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Is a Correction Looming Ahead for Meta Materials Inc. (MMAT)

Meta Materials Inc. (NASDAQ:MMAT) went down by -9.36% from its latest closing price compared to the recent 1-year high of $4.27. The company’s stock price has collected 3.95% of gains in the last five trading sessions. Barron’s reported on 10/29/21 that The Wrong Meta Stock Surged After Facebook’s Name Change. Just Don’t Call It a Mistake.

Is It Worth Investing in Meta Materials Inc. (NASDAQ :MMAT) Right Now?

Plus, the 36-month beta value for MMAT is at 1.88. Opinions of the stock are interesting as 2 analysts out of 3 who provided ratings for Meta Materials Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $2.50, which is $0.66 above the current price. MMAT currently public float of 267.06M and currently shorts hold a 13.34% ratio of that float. Today, the average trading volume of MMAT was 9.65M shares.

MMAT’s Market Performance

MMAT stocks went up by 3.95% for the week, with a monthly jump of 89.61% and a quarterly performance of 118.11%, while its annual performance rate touched -51.06%. The volatility ratio for the week stands at 13.50% while the volatility levels for the past 30 days are set at 14.59% for Meta Materials Inc. The simple moving average for the period of the last 20 days is 24.37% for MMAT stocks with a simple moving average of 42.86% for the last 200 days.

MMAT Trading at 72.48% from the 50-Day Moving Average

After a stumble in the market that brought MMAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.91% of loss for the given period.

Volatility was left at 14.59%, however, over the last 30 days, the volatility rate increased by 13.50%, as shares surge +80.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +131.13% upper at present.

During the last 5 trading sessions, MMAT rose by +3.95%, which changed the moving average for the period of 200-days by +12.20% in comparison to the 20-day moving average, which settled at $1.5205. In addition, Meta Materials Inc. saw -25.20% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MMAT starting from Palikaras Georgios, who purchase 42,000 shares at the price of $0.96 back on Aug 11. After this action, Palikaras Georgios now owns 1,158,907 shares of Meta Materials Inc., valued at $40,320 using the latest closing price.

Welch Thomas Gordon, the 10% Owner of Meta Materials Inc., purchase 35,000 shares at $1.28 during a trade that took place back on Jun 24, which means that Welch Thomas Gordon is holding 2,450,243 shares at $44,800 based on the most recent closing price.

Stock Fundamentals for MMAT

Current profitability levels for the company are sitting at:

  • -932.22 for the present operating margin
  • -12.85 for the gross margin

The net margin for Meta Materials Inc. stands at -2228.95. Equity return is now at value -25.60, with -20.30 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.

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