Moreover, the 36-month beta value for MPU is 3.04. Analysts have varying 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 MPU is 34.12M and currently, short sellers hold a 6.66% of that float. On September 27, 2024, MPU’s average trading volume was 182.11K shares.
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MPU) stock’s latest price update
Mega Matrix Corp (AMEX: MPU)’s stock price has dropped by -8.11 in relation to previous closing price of 1.11. Nevertheless, the company has seen a loss of -18.40% in its stock price over the last five trading days. prnewswire.com reported 2024-09-26 that Plans to Complete Redomicile on October 8, 2024 PALO ALTO, Calif., Sept. 26, 2024 /PRNewswire/ — Mega Matrix Corp. (“MPU” or the “Company”) (NYSE American: MPU) today announced that its stockholders have approved the adoption of the Third Amended and Restated Agreement and Plan of Merger (“Merger Agreement”), dated as of May 31, 2024, which provides for a redomicile of the Company to the Cayman Islands through a merger.
MPU’s Market Performance
Mega Matrix Corp (MPU) has seen a -18.40% fall in stock performance for the week, with a -45.45% decline in the past month and a -57.50% plunge in the past quarter. The volatility ratio for the week is 13.85%, and the volatility levels for the past 30 days are at 16.35% for MPU. The simple moving average for the past 20 days is -32.89% for MPU’s stock, with a -54.83% simple moving average for the past 200 days.
MPU Trading at -45.37% from the 50-Day Moving Average
After a stumble in the market that brought MPU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.23% of loss for the given period.
Volatility was left at 16.35%, however, over the last 30 days, the volatility rate increased by 13.85%, as shares sank -45.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -52.78% lower at present.
During the last 5 trading sessions, MPU fell by -18.40%, which changed the moving average for the period of 200-days by -29.66% in comparison to the 20-day moving average, which settled at $1.4775. In addition, Mega Matrix Corp saw -27.66% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MPU
Current profitability levels for the company are sitting at:
- -0.52 for the present operating margin
- 0.6 for the gross margin
The net margin for Mega Matrix Corp stands at -0.34. The total capital return value is set at -0.47. Equity return is now at value -37.28, with -31.73 for asset returns.
Based on Mega Matrix Corp (MPU), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 3210.79. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -303.17.
Currently, EBITDA for the company is -3.5 million with net debt to EBITDA at 1.69. When we switch over and look at the enterprise to sales, we see a ratio of 1.85. The receivables turnover for the company is 29.06for trailing twelve months and the total asset turnover is 0.68.
Conclusion
To wrap up, the performance of Mega Matrix Corp (MPU) has been bad in recent times. The stock has received a mixed of “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.
