At the time of writing, Meta Materials Inc [MMAT] stock is trading at $3.07, up 28.99%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MMAT shares have gain 56.63% over the last week, with a monthly amount glided 5.50%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 28, March 2024, Meta Materials Schedules Corporate Update Webcast. In a post published today on Yahoo Finance, Meta Materials Inc. (the “Company” or “META”) (Nasdaq:MMAT), an advanced materials and nanotechnology company, today announced that the Company will host a corporate update webcast on Wednesday, April 3, 2024, at 4:30 PM EDT.
From an analyst’s perspective:
For the past year, the stock price of Meta Materials Inc fluctuated between $1.80 and $53.42. Meta Materials Inc [NASDAQ: MMAT] shares were valued at $3.07 at the most recent close of the market.
Analyzing the MMAT fundamentals
According to Meta Materials Inc [NASDAQ:MMAT], the company’s sales were 7.97M for trailing twelve months, which represents an 60.66% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
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 2.61 points at the first support level, and at 2.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.31, and for the 2nd resistance point, it is at 3.54.
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
It is important to note that Meta Materials Inc [NASDAQ:MMAT] has a current ratio of 0.74. Further, the Quick Ratio stands at 0.73, while the Cash Ratio is 0.55. Considering the valuation of this stock, the price to sales ratio is 2.47, the price to book ratio is 0.79.
Transactions by insiders
Recent insider trading involved Palikaras Georgios, CEO and President, that happened on Aug 16 ’23 when 100000.0 shares were purchased.
