Moreover, the 36-month beta value for MTC is 2.11. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MTC is 198.78M and currently, short sellers hold a 0.12% of that float. On April 23, 2024, MTC’s average trading volume was 1.34M shares.
MTC) stock’s latest price update
The stock of Mmtec Inc (NASDAQ: MTC) has increased by 30.45 when compared to last closing price of 1.56. Despite this, the company has experienced a 26.40% gain in its stock price over the last five trading sessions. Market Watch reported 2023-05-22 that Shares of Chinese small cap MMTec Inc. MTC, -15.03% rose 9% in premarket trades Monday. The stock ended Friday’s session down 15%, outpacing the S&P 500 index’s SPX, -0.14% decline of 0.1%.
MTC’s Market Performance
Mmtec Inc (MTC) has experienced a 26.40% rise in stock performance for the past week, with a -9.56% drop in the past month, and a -3.55% drop in the past quarter. The volatility ratio for the week is 10.40%, and the volatility levels for the past 30 days are at 9.42% for MTC. The simple moving average for the last 20 days is 16.35% for MTC stock, with a simple moving average of 68.91% for the last 200 days.
MTC Trading at 16.72% from the 50-Day Moving Average
After a stumble in the market that brought MTC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.13% of loss for the given period.
Volatility was left at 9.42%, however, over the last 30 days, the volatility rate increased by 10.40%, as shares surge +7.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.57% upper at present.
During the last 5 trading sessions, MTC rose by +28.88%, which changed the moving average for the period of 200-days by +205.15% in comparison to the 20-day moving average, which settled at $1.7563. In addition, Mmtec Inc saw 103.50% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MTC
Current profitability levels for the company are sitting at:
- -0.23 for the present operating margin
- 0.11 for the gross margin
The net margin for Mmtec Inc stands at -3.89. The total capital return value is set at -0.01. Equity return is now at value -65.75, with -25.62 for asset returns.
Based on Mmtec Inc (MTC), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at -0.1. The debt to equity ratio resting at 1.42. The interest coverage ratio of the stock is -0.1.
Currently, EBITDA for the company is -5.77 million with net debt to EBITDA at -48.83. When we switch over and look at the enterprise to sales, we see a ratio of 90.76. The receivables turnover for the company is 1.65for trailing twelve months and the total asset turnover is 0.04.
Conclusion
To wrap up, the performance of Mmtec Inc (MTC) has been mixed in recent times. The stock has received a mixed of “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.
