MMTec Inc. (MTC) is priced at $7.85 after the most recent trading session. At the very opening of the session, the stock price was $1.6516 and reached a high price of $8.29, prior to closing the session it reached the value of $1.60. The stock touched a low price of $1.57.Recently in News on July 28, 2022, MMTEC, Inc. Regains Compliance with NASDAQ Minimum Bid Price Requirement. MMTEC, Inc. (NASDAQ Capital Market: MTC) (“MMTEC” or the “Company”), a China-based technology company that provides access to the U.S. financial markets, today announced that that on July 27, 2022, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“NASDAQ”) confirming the Company has regained compliance with NASDAQ’s minimum bid price requirement under Listing Rule 5550(a)(2). The Company regained compliance with NASDAQ’s requirements when the closing bid price for the Company’s common stock was at or above $1.00 for 10 consecutive business days and the matter is now closed. You can read further details here
MMTec Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $8.2900 on 08/02/22, with the lowest value was $1.4100 for the same time period, recorded on 08/01/22.
MMTec Inc. (MTC) full year performance was -52.99%
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 -55.14% during the 52-week period from high price, and 456.74% 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 $1.41 and $17.50.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 12692160 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 18.92%, having the revenues showcasing 63.88% 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 24.96M, as it employees total of 65 workers.
MMTec Inc. (MTC) in the eye of market guru’s
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 4.2700, with a change in the price was noted +2.35. In a similar fashion, MMTec Inc. posted a movement of +42.70% for the period of last 100 days, recording 162,644 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): Stocks Technical analysis and Trends
Raw Stochastic average of MMTec Inc. in the period of last 50 days is set at 93.60%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 93.60%. In the last 20 days, the company’s Stochastic %K was 40.70% and its Stochastic %D was recorded 20.08%.
If we look into the earlier routines 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 18.92%. Additionally, trading for the stock in the period of the last six months notably improved by 28.48%, alongside a downfall of -52.99% for the period of the last 12 months. The shares increased approximately by 375.76% in the 7-day charts and went up by 278.68% in the period of the last 30 days. Common stock shares were driven by 63.88% during last recorded quarter.