The 36-month beta value for MTC is at 0.92. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MTC is 198.78M, and currently, shorts hold a 1.45% of that float. The average trading volume for MTC on June 24, 2024 was 6.15M shares.
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MTC) stock’s latest price update
Mmtec Inc (NASDAQ: MTC)’s stock price has plunge by -4.24relation to previous closing price of 0.41. Nevertheless, the company has seen a 9.21% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-05-08 that HONG KONG, May 8, 2024 /PRNewswire/ — MMTEC, Inc. (“MMTEC” or the “Company”) (Nasdaq: MTC), announced that it will suspend the acceptance of new investments and pause the Company’s capital raising activities for the next six months. In light of the Company’s current capital position, combined with a comprehensive assessment of the current market environment and our business operations, our management team has decided to suspend the Company’s financing plans for the next six months.
MTC’s Market Performance
Mmtec Inc (MTC) has seen a 9.21% rise in stock performance for the week, with a -38.09% decline in the past month and a -82.72% plunge in the past quarter. The volatility ratio for the week is 14.92%, and the volatility levels for the past 30 days are at 15.81% for MTC. The simple moving average for the past 20 days is 0.41% for MTC’s stock, with a -73.70% simple moving average for the past 200 days.
MTC Trading at -80.53% 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 -96.99% of loss for the given period.
Volatility was left at 15.81%, however, over the last 30 days, the volatility rate increased by 14.92%, as shares sank -24.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -79.04% lower at present.
During the last 5 trading sessions, MTC rose by +5.37%, which changed the moving average for the period of 200-days by -42.30% in comparison to the 20-day moving average, which settled at $0.3811. In addition, Mmtec Inc saw -61.12% in overturn over a single year, with a tendency to cut further losses.
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 21.55. The receivables turnover for the company is 4.9for trailing twelve months and the total asset turnover is 0.03.
Conclusion
In conclusion, Mmtec Inc (MTC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
