Mmtec Inc (NASDAQ: MTC)’s stock price has plunge by -6.65relation to previous closing price of 0.41. Nevertheless, the company has seen a 4.50% surge in its stock price over the last five trading sessions. 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”).
Is It Worth Investing in Mmtec Inc (NASDAQ: MTC) Right Now?
Additionally, the 36-month beta value for MTC is 0.90. 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.”
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The public float for MTC is 198.78M and currently, short sellers hold a 1.09% ratio of that float. The average trading volume of MTC on October 30, 2024 was 4.74M shares.
MTC’s Market Performance
MTC’s stock has seen a 4.50% increase for the week, with a -18.74% drop in the past month and a 23.20% gain in the past quarter. The volatility ratio for the week is 9.13%, and the volatility levels for the past 30 days are at 15.99% for Mmtec Inc The simple moving average for the past 20 days is -11.61% for MTC’s stock, with a -67.88% simple moving average for the past 200 days.
MTC Trading at 5.84% 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 -97.05% of loss for the given period.
Volatility was left at 15.99%, however, over the last 30 days, the volatility rate increased by 9.13%, as shares sank -50.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.26% upper at present.
During the last 5 trading sessions, MTC rose by +4.78%, which changed the moving average for the period of 200-days by -80.43% in comparison to the 20-day moving average, which settled at $0.4308. In addition, Mmtec Inc saw -61.93% 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:
- -4.93 for the present operating margin
- 0.75 for the gross margin
The net margin for Mmtec Inc stands at -5.59. The total capital return value is set at -0.03.
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 -0.16. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is -5.75.
Currently, EBITDA for the company is -4.24 million with net debt to EBITDA at -7.4. When we switch over and look at the enterprise to sales, we see a ratio of 123.13. The receivables turnover for the company is 0.01for trailing twelve months and the total asset turnover is 0.01.
Conclusion
In conclusion, Mmtec Inc (MTC) has seen mixed 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.
