Meta Materials Inc (NASDAQ: MMAT) kicked off on November 20, 2023, at the price of $0.0958, down -2.02% from the previous trading day. During the day, the shares moved up to $0.096 and dropped to $0.091 before settling in for the closing price of $0.09. Over the past 52 weeks, MMAT has traded in a range of $0.09-$2.34.
Technology Sector giant saw their annual sales surged by 109.40% over the last five years. With a float of $403.03 million, this company’s outstanding shares have now reached $490.42 million.
The firm has a total of 114 workers. Let’s measure their productivity. In terms of profitability, gross margin is -36.44, operating margin of -816.31, and the pretax margin is -832.70.
Meta Materials Inc (MMAT) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Electronic Components Industry. The insider ownership of Meta Materials Inc is 17.82%, while institutional ownership is 4.72%. The most recent insider transaction that took place on Aug 16, was worth 22,660. In this transaction CEO and President of this company bought 100,000 shares at a rate of $0.23, taking the stock ownership to the 1,385,490 shares. Before that another transaction happened on Mar 13, when Company’s insider sold 18,454 for $0.63, making the entire transaction worth $11,626. This insider now owns 21,103 shares in total.
Meta Materials Inc (MMAT) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$0.02 earnings per share (EPS), higher than consensus estimate (set at -$0.02) by $0. This company achieved a net margin of -775.50 while generating a return on equity of -22.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
Meta Materials Inc (NASDAQ: MMAT) Trading Performance Indicators
Take a look at Meta Materials Inc’s (MMAT) current performance indicators. Last quarter, stock had a quick ratio of 0.95. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.76
Technical Analysis of Meta Materials Inc (MMAT)
Analysing the last 5-days average volume posted by the [Meta Materials Inc, MMAT], we can find that recorded value of 5.0 million was lower than the volume posted last year of 7.09 million. As of the previous 9 days, the stock’s Stochastic %D was 9.78%. Additionally, its Average True Range was 0.01.
During the past 100 days, Meta Materials Inc’s (MMAT) raw stochastic average was set at 1.08%, which indicates a significant decrease from 6.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 99.63% in the past 14 days, which was higher than the 82.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1693, while its 200-day Moving Average is $0.2909. Now, the first resistance to watch is $0.0950. This is followed by the second major resistance level at $0.0980. The third major resistance level sits at $0.1000. If the price goes on to break the first support level at $0.0900, it is likely to go to the next support level at $0.0880. Now, if the price goes above the second support level, the third support stands at $0.0850.
Meta Materials Inc (NASDAQ: MMAT) Key Stats
The company with the Market Capitalisation of 45.12 million has total of 490,415K Shares Outstanding. Its annual sales at the moment are 10,200 K in contrast with the sum of -79,100 K annual income. Company’s last quarter sales were recorded 2,030 K and last quarter income was -293,650 K.