The stock of Meta Materials Inc (MMAT) has gone down by -30.48% for the week, with a -21.54% drop in the past month and a -17.85% drop in the past quarter. The volatility ratio for the week is 13.13%, and the volatility levels for the past 30 days are 14.66% for MMAT. The simple moving average for the past 20 days is -24.03% for MMAT’s stock, with a -78.13% simple moving average for the past 200 days.
Is It Worth Investing in Meta Materials Inc (NASDAQ: MMAT) Right Now?
Additionally, the 36-month beta value for MMAT is 1.46. 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 MMAT is 6.33M and currently, short sellers hold a 11.23% ratio of that float. The average trading volume of MMAT on May 07, 2024 was 350.35K shares.
MMAT) stock’s latest price update
The stock of Meta Materials Inc (NASDAQ: MMAT) has decreased by -27.16 when compared to last closing price of 3.35.Despite this, the company has seen a loss of -30.48% in its stock price over the last five trading days. InvestorPlace reported 2024-05-06 that Another unstable meme stock may be on its way out the door. Meta Materials (NASDAQ: MMAT ) has been struggling for well over a year and hasn’t reported a positive catalyst in months.
MMAT Trading at -15.45% 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 -91.62% of loss for the given period.
Volatility was left at 14.66%, however, over the last 30 days, the volatility rate increased by 13.13%, as shares sank -37.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.54% lower at present.
During the last 5 trading sessions, MMAT fell by -30.48%, which changed the moving average for the period of 200-days by -88.57% in comparison to the 20-day moving average, which settled at $3.14. In addition, Meta Materials Inc saw -63.03% 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 143.34. 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
In conclusion, Meta Materials Inc (MMAT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
