For the readers interested in the stock health of Mmtec Inc. (MTC). It is currently valued at $2.16. When the transactions were called off in the previous session, Stock hit the highs of $2.29, after setting-off with the price of $1.80. Company’s stock value dipped to $1.75 during the trading on the day. When the trading was stopped its value was $1.80.
Recently in News on October 15, 2020, MMTEC, Inc. Announces Half Year 2020 Unaudited Financial Results. MMTEC, Inc. (NASDAQ: MTC) (“MMTEC”, “we”, “our” or the “Company”), a China based technology company that provides access to the U.S. financial markets, today announced its unaudited financial results for the six months ended June 30, 2020. You can read further details here
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Mmtec Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $2.29 on 01/13/21, with the lowest value was $1.42 for the same time period, recorded on 01/04/21.
Mmtec Inc. (MTC) full year performance was 3.85%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Mmtec Inc. shares are logging -71.95% during the 52-week period from high price, and 237.50% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.64 and $7.70.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 4184116 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Mmtec Inc. (MTC) recorded performance in the market was 46.94%, having the revenues showcasing 120.79% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 46.53M, as it employees total of 38 workers.
Analysts verdict on Mmtec Inc. (MTC)
During the last month, 0 analysts gave the Mmtec Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.19, with a change in the price was noted +1.14. In a similar fashion, Mmtec Inc. posted a movement of +111.76% for the period of last 100 days, recording 2,560,247 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MTC is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Mmtec Inc. (MTC): Technical Analysis
Raw Stochastic average of Mmtec Inc. in the period of last 50 days is set at 67.89%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 86.75%. In the last 20 days, the company’s Stochastic %K was 64.76% and its Stochastic %D was recorded 57.70%.
Let’s take a glance in the erstwhile performances of Mmtec Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 46.94%. Additionally, trading for the stock in the period of the last six months notably improved by 70.08%, alongside a boost of 3.85% for the period of the last 12 months. The shares increased approximately by 40.26% in the 7-day charts and went down by 52.11% in the period of the last 30 days. Common stock shares were driven by 120.79% during last recorded quarter.