The stock of Maris Tech Ltd (NASDAQ: MTEK) has increased by 11.48 when compared to last closing price of 1.77. Despite this, the company has experienced a 6.78% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-28 that Revenues for the six-months ended June 30, 2024 were approximately $3.4 million, an increase of approximately 620% compared to the same period in 2023
Is It Worth Investing in Maris Tech Ltd (NASDAQ: MTEK) Right Now?
MTEK has 36-month beta value of 1.26.
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The public float for MTEK is 4.55M, and currently, short sellers hold a 1.42% ratio of that float. The average trading volume of MTEK on August 28, 2024 was 29.03K shares.
MTEK’s Market Performance
The stock of Maris Tech Ltd (MTEK) has seen a 6.78% increase in the past week, with a 20.86% rise in the past month, and a 55.12% gain in the past quarter. The volatility ratio for the week is 3.85%, and the volatility levels for the past 30 days are at 7.18% for MTEK. The simple moving average for the past 20 days is 12.82% for MTEK’s stock, with a 45.79% simple moving average for the past 200 days.
MTEK Trading at 23.73% from the 50-Day Moving Average
After a stumble in the market that brought MTEK to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.92% of gains for the given period.
Volatility was left at 7.18%, however, over the last 30 days, the volatility rate increased by 3.85%, as shares surge +11.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.40% upper at present.
During the last 5 trading sessions, MTEK rose by +3.53%, which changed the moving average for the period of 200-days by +91.01% in comparison to the 20-day moving average, which settled at $1.7557. In addition, Maris Tech Ltd saw 89.42% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MTEK
Current profitability levels for the company are sitting at:
- -0.73 for the present operating margin
- 0.48 for the gross margin
The net margin for Maris Tech Ltd stands at -0.67. The total capital return value is set at -0.53.
Based on Maris Tech Ltd (MTEK), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at -4.78.
Currently, EBITDA for the company is -2.87 million with net debt to EBITDA at 0.12. When we switch over and look at the enterprise to sales, we see a ratio of 2.57. The receivables turnover for the company is 2.02for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.38.
Conclusion
To put it simply, Maris Tech Ltd (MTEK) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
