The 36-month beta value for MTC is at 0.87. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MTC is 24.85M, and currently, shorts hold a 0.86% of that float. The average trading volume for MTC on January 10, 2025 was 406.65K shares.
MTC) stock’s latest price update
Mmtec Inc (NASDAQ: MTC)’s stock price has dropped by -11.05 in relation to previous closing price of 1.72. Nevertheless, the company has seen a loss of -2.55% in its stock price over the last five trading days. prnewswire.com reported 2024-12-12 that HONG KONG, Dec. 12, 2024 /PRNewswire/ — MMTEC, Inc. (“MMTEC” or the “Company”) (Nasdaq: MTC) reported that it expects to implement a 1-for-8 reverse stock split on its common stock. The effective date is scheduled to be December 18, 2024, subject to the Company’s satisfaction of Nasdaq Operations notice requirements, with trading to begin on a split-adjusted basis at the market open on that day.
MTC’s Market Performance
Mmtec Inc (MTC) has experienced a -2.55% fall in stock performance for the past week, with a -13.81% drop in the past month, and a -55.52% drop in the past quarter. The volatility ratio for the week is 13.06%, and the volatility levels for the past 30 days are at 14.78% for MTC. The simple moving average for the past 20 days is -7.90% for MTC’s stock, with a -77.00% simple moving average for the past 200 days.
MTC Trading at -29.67% 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 -98.52% of loss for the given period.
Volatility was left at 14.78%, however, over the last 30 days, the volatility rate increased by 13.06%, as shares sank -35.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -49.14% lower at present.
During the last 5 trading sessions, MTC fell by -2.55%, which changed the moving average for the period of 200-days by -91.50% in comparison to the 20-day moving average, which settled at $1.6613. In addition, Mmtec Inc saw -2.55% 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:
- -5.56 for the present operating margin
- 0.8 for the gross margin
The net margin for Mmtec Inc stands at 56.28. 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 -6.48.
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 79.88. The receivables turnover for the company is 9.45for trailing twelve months and the total asset turnover is 0.01.
Conclusion
In conclusion, Mmtec Inc (MTC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
