Are You Looking To Buy Mmtec Inc. (MTC)? First, Read This

Mmtec Inc. (NASDAQ:MTC) finished Friday with an addition of $0.09 to close at $1.40, an upside of 6.87 percent. An average of 201,340 shares of common stock have been traded in the last five days. There was a gain of $0.0500 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 127,355 shares traded, while the 50-day average volume stands at 106,236.

MTC stock has increased by 9.38% in the last month. The company shares reached their 1-month lowest point of $1.0500 on 10/04/21. With the stock rallying to its 52-week high on 02/17/21, shares of the company touched a low of $0.84 and a high of $5.94 in 52 weeks. It has reached a new high 9 times so far this year and lost -4.76% or -$0.0700 in price. In spite of this, the price is down -76.43% from the 52-week high.


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Valuation Metrics

Mmtec Inc. (MTC) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 38.99 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 39.64, the price-to-book (PB) ratio at 2.22.

The quick ratio of Mmtec Inc. for the recent quarter was 23.40, and the current ratio was 23.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $0.73 million compared to revenue of $0.74 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Mmtec Inc.’s return on assets was -59.50%. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

For the recent quarter, Mmtec Inc. had $0.5 million in cash and short-term investments compared to $40000.0 in total debt. The company posted a net income of -$3.18 million in the quarter, while revenues were grew 29.56%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Mmtec Inc. (MTC) price momentum. RSI 9-day as of the close on 22 October was 65.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 52.19%.

As of today, MTC’s price is $1.3240 +3.70% or $0.0500 from its 5-day moving average. MTC is currently trading +14.75% higher than its 20-day SMA and -15.15% lower than its 100-day SMA. However, the stock’s current price level is -14.11% below the SMA50 and -22.65% below the SMA200.

The stochastic %K and %D were 74.10% and 72.95%, respectively, and the average true range (ATR) was 0.1170. With the 14-day stochastic at 68.00% and the average true range at 0.1079, the RSI (14) stands at 59.36%. The stock has reached 0.0178 on the 9-day MACD Oscillator while the 14-day reading was at 0.0641.

Analyst Ratings

The consensus rating for Mmtec Inc. (MTC) among analysts is -. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MTC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

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