Mmtec Inc (NASDAQ:MTC) traded with an addition of $0.07 to close at $0.51on Friday, an upside of 15.85 percent. An average of 409,880 shares of common stock have been traded in the last five days. There was a gain of $0.0384 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 179,690 shares traded, while the 50-day average volume stands at 88,832.
MTC stock has decreased by -27.21% in the last month. The company shares reached their 1-month lowest point of $0.3572 on 09/13/23. With the stock rallying to its 52-week high on 03/16/23, shares of the company touched a low of $0.36 and a high of $3.09 in 52 weeks. It has reached a new high 16 times so far this year and lost -34.26% or -$0.2710 in price. In spite of this, the price is down -83.51% from the 52-week high.
Valuation Metrics
Mmtec Inc (MTC) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 2.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 39.44, the price-to-book (PB) ratio at 0.28.
Financial Health
Further, the company has a long term debt to equity ratio of 0.07 and a total debt to equity ratio of 0.11 for the recent quarter. Its gross profit as reported stood at $0.87 million compared to revenue of $1.1 million.
Earnings Surprise
The company posted a net income of -$5.65 million in the quarter, while revenues were shrunk -24.78%.
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 28 September was 47.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 177.41%.
As of today, MTC’s price is $0.4777 +8.25% or $0.0384 from its 5-day moving average. MTC is currently trading -25.88% lower than its 20-day SMA and -46.38% lower than its 100-day SMA. However, the stock’s current price level is -35.14% below the SMA50 and -45.78% below the SMA200.
The stochastic %K and %D were 36.76% and 35.49%, respectively, and the average true range (ATR) was 0.0784. With the 14-day stochastic at 65.62% and the average true range at 0.0732, the RSI (14) stands at 44.01%. The stock has reached -0.0336 on the 9-day MACD Oscillator while the 14-day reading was at -0.0335.
