The stock of Meta Materials Inc. (MMAT) has gone up by 7.05% for the week, with a 24.74% rise in the past month and a -64.26% drop in the past quarter. The volatility ratio for the week is 12.19%, and the volatility levels for the past 30 days are 8.21% for MMAT. The simple moving average for the last 20 days is 14.85% for MMAT stock, with a simple moving average of -71.86% for the last 200 days.
Is It Worth Investing in Meta Materials Inc. (NASDAQ: MMAT) Right Now?
while the 36-month beta value is 2.08.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Meta Materials Inc. (MMAT) is $1.67, which is $1.51 above the current market price. The public float for MMAT is 267.06M, and currently, short sellers hold a 12.95% ratio of that floaft. The average trading volume of MMAT on May 25, 2023 was 11.29M shares.
MMAT) stock’s latest price update
Meta Materials Inc. (NASDAQ: MMAT)’s stock price has decreased by -6.21 compared to its previous closing price of 0.26. However, the company has seen a 7.05% increase in its stock price over 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.
MMAT Trading at -23.97% 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 -89.62% of loss for the given period.
Volatility was left at 8.21%, however, over the last 30 days, the volatility rate increased by 12.19%, as shares surge +27.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -55.33% lower at present.
During the last 5 trading sessions, MMAT rose by +7.05%, which changed the moving average for the period of 200-days by -74.32% in comparison to the 20-day moving average, which settled at $0.2142. In addition, Meta Materials Inc. saw -79.58% 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 RICE KENNETH L JR, who sale 18,454 shares at the price of $0.63 back on Mar 13. After this action, RICE KENNETH L JR now owns 21,103 shares of Meta Materials Inc., valued at $11,626 using the latest closing price.
Waldern Jonathan, the Chief Technology Officer of Meta Materials Inc., sale 17,372 shares at $0.63 during a trade that took place back on Mar 13, which means that Waldern Jonathan is holding 14,274 shares at $10,944 based on the most recent closing price.
Stock Fundamentals for MMAT
Current profitability levels for the company are sitting at:
- -816.31 for the present operating margin
- -36.44 for the gross margin
The net margin for Meta Materials Inc. stands at -775.50. Equity return is now at value -20.40, with -17.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.
Conclusion
In a nutshell, Meta Materials Inc. (MMAT) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
