The 36-month beta value for MTC is also noteworthy at 1.97. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MTC is 198.78M, and at present, short sellers hold a 0.12% of that float. The average trading volume of MTC on May 07, 2024 was 1.67M shares.
MTC) stock’s latest price update
The stock price of Mmtec Inc (NASDAQ: MTC) has jumped by 31.74 compared to previous close of 2.30. Despite this, the company has seen a fall of -2.88% in its stock price over the last five trading days. 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
MTC’s stock has fallen by -2.88% in the past week, with a monthly rise of 65.58% and a quarterly rise of 107.54%. The volatility ratio for the week is 20.28% while the volatility levels for the last 30 days are 19.90% for Mmtec Inc The simple moving average for the last 20 days is 33.07% for MTC’s stock, with a simple moving average of 131.14% for the last 200 days.
MTC Trading at 48.62% 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 -37.65% of loss for the given period.
Volatility was left at 19.90%, however, over the last 30 days, the volatility rate increased by 20.28%, as shares surge +68.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +180.58% upper at present.
During the last 5 trading sessions, MTC fell by -2.87%, which changed the moving average for the period of 200-days by +299.99% in comparison to the 20-day moving average, which settled at $2.34. In addition, Mmtec Inc saw 203.01% 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 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -0.18. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is -0.1.
Currently, EBITDA for the company is -4.24 million with net debt to EBITDA at -26.81. When we switch over and look at the enterprise to sales, we see a ratio of 127.76. The receivables turnover for the company is 4.9for trailing twelve months and the total asset turnover is 0.03.
Conclusion
In summary, Mmtec Inc (MTC) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
