Meta Materials Inc. (NASDAQ:MMAT) saw a downside of 0.00% to close Friday at $5.30 after subtracting $0.0 on the day. The 5-day average trading volume is 7,436,720 shares of the company’s common stock. It has gained $5.58 in the past week. An average of 15,314,010 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 18,393,857.
MMAT’s 1-month performance is -0.75% or $0.19 on its low of $4.76 reached on 09/20/21. The company’s shares have touched a 52-week low of $0.50 and high of $21.76, with the stock’s rally to the 52-week high happening on 06/21/21. YTD, MMAT has achieved 278.57% or $3.90. However, the current price is down -75.64%% from the 52-week high price.
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On Jul 09, 94 days have gone by since the last insider trading activity for Meta Materials Inc. (MMAT). GRAVES MICHAEL JAMES (Former director) most recently sold 300,000 shares at $5.08 per share on Jul 09. This transaction cost the insider $1,524,916.
Meta Materials Inc. (MMAT) has a trailing price-to-earnings (P/E) ratio of 23.30 for the broader industry and 36.88 for the sector.MMAT stock has a beta of 1.58. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1140.60 while the price-to-book (PB) in the most recent quarter is 2.85.
Meta Materials Inc.’s quick ratio for the recent quarter was 2.60, with the current ratio over the same period at 2.60 meaning that MMAT stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 96.80%. The trailing 12-month EBITDA margin is -1821.19%. The firm’s gross profit as reported stood at -$9.38 million against revenue of $0.19 million.
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 91.94% to $0.62 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than -$3.79 million. MMAT stock balance sheet for the recent quarter shows that total liabilities totaled 92.98 million, with total debt at $84.28 million. Shareholders hold equity totaling $279.78 million
Let’s look briefly at Meta Materials Inc. (MMAT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 50.46% to suggest the stock is trending Neutral, with historical volatility in this time period at 77.41%.
The stock’s 5-day moving average is $5.19, reflecting a -5.19% or -$0.29 change from its current price. MMAT is currently trading +1.34% above its 20-day SMA, +22.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +49.72% and +373.21% respectively.
Stochastic %K and %D was 23.31% and 22.48% and the average true range (ATR) pointed at 0.48. The RSI (14) points at 52.59%, while the 14-day stochastic is at 26.90% with the period’s ATR at 0.50. The stock’s 9-day MACD Oscillator is pointing at -0.28 and -0.22 on the 14-day charts.
Analysts offering their rating for MMAT stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate MMAT as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is MMAT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.57 and a high of $4.57, with their median price target at $4.57. Looking at these predictions, the average price target given by analysts is for Meta Materials Inc. (MMAT) stock is $4.57.