The stock has a 36-month beta value of 1.55. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MMAT is 5.96M, and at present, short sellers hold a 11.93% of that float. On April 30, 2024, the average trading volume of MMAT was 358.82K shares.
MMAT) stock’s latest price update
The stock price of Meta Materials Inc (NASDAQ: MMAT) has jumped by 11.08 compared to previous close of 3.16. Despite this, the company has seen a gain of 30.48% in its stock price over the last five trading days. InvestorPlace reported 2024-04-29 that The stocks discussed below are all flashing various warning signs that alert investors to sell. Each of these three companies has initiated a reverse stock split in the past.
MMAT’s Market Performance
Meta Materials Inc (MMAT) has experienced a 30.48% rise in stock performance for the past week, with a 14.33% rise in the past month, and a -36.30% drop in the past quarter. The volatility ratio for the week is 15.78%, and the volatility levels for the past 30 days are at 17.00% for MMAT. The simple moving average for the past 20 days is 8.76% for MMAT’s stock, with a -69.61% simple moving average for the past 200 days.
MMAT Trading at 19.14% 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 -87.95% of loss for the given period.
Volatility was left at 17.00%, however, over the last 30 days, the volatility rate increased by 15.78%, as shares sank -12.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.37% lower at present.
During the last 5 trading sessions, MMAT rose by +30.48%, which changed the moving average for the period of 200-days by -81.22% in comparison to the 20-day moving average, which settled at $3.20. In addition, Meta Materials Inc saw -46.82% 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 100,000 shares at the price of $0.23 back on Aug 16 ’23. After this action, Palikaras Georgios now owns 1,385,490 shares of Meta Materials Inc, valued at $22,660 using the latest closing price.
Stock Fundamentals for MMAT
Current profitability levels for the company are sitting at:
- -42.89 for the present operating margin
- 0.16 for the gross margin
The net margin for Meta Materials Inc stands at -49.99. The total capital return value is set at -9.6. Equity return is now at value -198.87, with -165.39 for asset returns.
Based on Meta Materials Inc (MMAT), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -6.85. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is -798.7.
Currently, EBITDA for the company is -10.56 million with net debt to EBITDA at -0.04. When we switch over and look at the enterprise to sales, we see a ratio of 206.1. The receivables turnover for the company is 1.56for trailing twelve months and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
To sum up, Meta Materials Inc (MMAT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
