Meta Materials Inc [MMAT] stock is trading at $2.38, up 21.43%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MMAT shares have gain 23.32% over the last week, with a monthly amount drifted -29.17%, and not seem to be holding up well over a long-time horizon.
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On 6, March 2024, Meta Materials Releases Letter to Shareholders Regarding Upcoming Special Meeting. In a post published today on Yahoo Finance, Meta Materials Inc. (the “Company” or “META”) (Nasdaq:MMAT), an advanced materials and nanotechnology company, today released the following message to shareholders.
From an analyst’s perspective:
Meta Materials Inc [MMAT] stock has fluctuated between $1.80 and $57.60 over the past year. Meta Materials Inc [NASDAQ: MMAT] shares were valued at $2.38 at the most recent close of the market.
Analyzing the MMAT fundamentals
Meta Materials Inc [NASDAQ:MMAT] reported sales of 7.09M for the trailing twelve months, which represents a drop of -10.42%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at -50.17%, Pretax Profit Margin comes in at -48.45%, and Net Profit Margin reading is -47.44%. To continue investigating profitability, this company’s Return on Assets is posted at -2.76, Equity is -1.42 and Total Capital is -3.39. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.05 points at the first support level, and at 1.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.59, and for the 2nd resistance point, it is at 2.81.
Meta Materials Inc [MMAT] reported earnings per share of -$2 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$2.5/share, meaning a difference of $0.5 and a surprise factor of 20.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$2 per share as compared to estimates of -$2.5 per share, a difference of $0.5 representing a surprise of 20.00%.
Ratios To Look Out For
For context, Meta Materials Inc’s Current Ratio is 0.96. Also, the Quick Ratio is 0.95, while the Cash Ratio stands at 0.55. Considering the valuation of this stock, the price to sales ratio is 2.16, the price to book ratio is 0.12.
Transactions by insiders
Recent insider trading involved Palikaras Georgios, CEO and President, that happened on Aug 16 ’23 when 100000.0 shares were purchased.
