Company’s 36-month beta value is 0.85.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MTC is 198.78M, and currently, short sellers hold a 0.58% ratio of that floaft. The average trading volume of MTC on September 24, 2024 was 1.48M shares.
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MTC) stock’s latest price update
Mmtec Inc (NASDAQ: MTC)’s stock price has gone rise by 11.03 in comparison to its previous close of 0.25, however, the company has experienced a 1.30% increase in its stock price over the last five trading days. prnewswire.com reported 2024-07-10 that HONG KONG, July 10, 2024 /PRNewswire/ — MMTEC, Inc. (NASDAQ: MTC) (“MMTEC”, “we”, “our” or the “Company”), a China-based technology company that provides access to the U.S. financial markets, today announced that on July 8, 2024, the Company received a notification letter (the “Notification Letter”) from the Listings Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) regarding a failure to meet Nasdaq’s minimum bid price requirements. The Notification Letter advised that for the last 30 consecutive business the minimum closing bid price per share for the Company’s common stock was below the $1.00 per share requirement for continued listing under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”).
MTC’s Market Performance
MTC’s stock has risen by 1.30% in the past week, with a monthly drop of -9.74% and a quarterly drop of -30.87%. The volatility ratio for the week is 6.94% while the volatility levels for the last 30 days are 9.00% for Mmtec Inc The simple moving average for the past 20 days is 3.95% for MTC’s stock, with a -78.54% simple moving average for the past 200 days.
MTC Trading at -4.49% 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 -97.83% of loss for the given period.
Volatility was left at 9.00%, however, over the last 30 days, the volatility rate increased by 6.94%, as shares sank -5.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.67% lower at present.
During the last 5 trading sessions, MTC rose by +1.19%, which changed the moving average for the period of 200-days by -73.62% in comparison to the 20-day moving average, which settled at $0.2684. In addition, Mmtec Inc saw -72.01% 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:
- -1.08 for the present operating margin
- 0.04 for the gross margin
The net margin for Mmtec Inc stands at -5.03. The total capital return value is set at -0.03. 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 -0.14. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is -0.41.
Currently, EBITDA for the company is -4.24 million with net debt to EBITDA at -6.82. When we switch over and look at the enterprise to sales, we see a ratio of 20.81. The receivables turnover for the company is 4.18for trailing twelve months and the total asset turnover is 0.03.
Conclusion
In a nutshell, Mmtec Inc (MTC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
