The 36-month beta value for MMV is also noteworthy at 0.54.
The public float for MMV is 7.03M, and at present, short sellers hold a 12.94% of that float. The average trading volume of MMV on December 02, 2024 was 341.72K shares.
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MMV) stock’s latest price update
MultiMetaVerse Holdings Limited (NASDAQ: MMV) has seen a decline in its stock price by -5.85 in relation to its previous close of 0.45. However, the company has experienced a 4.02% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-02 that SHANGHAI, Dec. 02, 2024 (GLOBE NEWSWIRE) — MultiMetaVerse Holdings Limited (NASDAQ: MMV) (“MMV” or the “Company”), a leading animation and entertainment company for young consumers in China, today announced that it has signed a definitive share exchange agreement (the “Share Exchange Agreement”) with the shareholders (the “Transferors”) of Bowong AI Limited (“Bowong Cayman”), which, after a series of restructuring transactions, is expected to indirectly hold 100% equity interests in Bowong Technology (Shenzhen) Co., Ltd. (“Bowong Technology”). Bowong Technology is a company equipped with cutting-edge technologies that is vertically integrated in the AI e-commerce sector. It focuses on delivering comprehensive AI technologies and services for sellers on both emerging social e-commerce platforms and traditional e-commerce platforms.
MMV’s Market Performance
MultiMetaVerse Holdings Limited (MMV) has seen a 4.02% rise in stock performance for the week, with a 1.31% gain in the past month and a -19.88% plunge in the past quarter. The volatility ratio for the week is 17.43%, and the volatility levels for the past 30 days are at 12.51% for MMV. The simple moving average for the past 20 days is 9.74% for MMV’s stock, with a -31.19% simple moving average for the past 200 days.
MMV Trading at -2.38% from the 50-Day Moving Average
After a stumble in the market that brought MMV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.20% of loss for the given period.
Volatility was left at 12.51%, however, over the last 30 days, the volatility rate increased by 17.43%, as shares surge +23.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.63% lower at present.
During the last 5 trading sessions, MMV rose by +2.51%, which changed the moving average for the period of 200-days by -63.13% in comparison to the 20-day moving average, which settled at $0.3884. In addition, MultiMetaVerse Holdings Limited saw -62.59% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MMV
Current profitability levels for the company are sitting at:
- -2.21 for the present operating margin
- 0.47 for the gross margin
The net margin for MultiMetaVerse Holdings Limited stands at -2.72. The total capital return value is set at 2.33.
Currently, EBITDA for the company is -26.84 million with net debt to EBITDA at -1.98. When we switch over and look at the enterprise to sales, we see a ratio of 6.51. The receivables turnover for the company is 8.41for trailing twelve months and the total asset turnover is 1.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.30.
Conclusion
In summary, MultiMetaVerse Holdings Limited (MMV) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
