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Meta Materials Inc. (MMAT): Investing has never been easier

At the end of the latest market close, Meta Materials Inc. (MMAT) was valued at $2.03. In that particular session, Stock kicked-off at the price of $1.995 while reaching the peak value of $2.0121 and lowest value recorded on the day was $1.76. The stock current value is $1.84.Recently in News on November 23, 2022, Meta Materials Inc. Board of Directors Approves Planned Completion of the Spin-Off of Next Bridge Hydrocarbons Inc. Meta Materials Inc. (the “Company” or “META®”) (NASDAQ:MMAT, FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced that its board of directors has approved the distribution to the holders of META’s Series A Non-Voting Preferred Stock (“Series A Preferred Stock” which is currently traded over-the-counter, or OTC, under the symbol MMTLP) of 100% of the common stock of META’s wholly owned subsidiary, Next Bridge Hydrocarbons, Inc. (“Next Bridge”) in accordance with the Distribution Agreement between META and Next Bridge. Upon completion of the distribution, Next Bridge will be an independent public reporting company, but the Next Bridge common stock is not and will not be publicly traded and will not be eligible for electronic transfer through the Depository Trust Company book-entry system or any other established clearing corporation. You can read further details here

Meta Materials 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 $2.9500 on 01/03/22, with the lowest value was $0.6300 for the same time period, recorded on 10/03/22.

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Meta Materials Inc. (MMAT) full year performance was -51.06%

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, Meta Materials Inc. shares are logging -56.91% during the 52-week period from high price, and 192.06% 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 $0.63 and $4.27.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 16858605 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 Meta Materials Inc. (MMAT) recorded performance in the market was -25.20%, having the revenues showcasing 118.11% 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 714.05M, as it employees total of 130 workers.

Market experts do have their say about Meta Materials Inc. (MMAT)

During the last month, 0 analysts gave the Meta Materials 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 0.9948, with a change in the price was noted +0.77. In a similar fashion, Meta Materials Inc. posted a movement of +71.96% for the period of last 100 days, recording 7,857,104 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 MMAT is recording 0.01 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.01.

Technical breakdown of Meta Materials Inc. (MMAT)

Raw Stochastic average of Meta Materials Inc. in the period of last 50 days is set at 73.78%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 66.66%. In the last 20 days, the company’s Stochastic %K was 80.06% and its Stochastic %D was recorded 81.34%.

Bearing in mind the latest performance of Meta Materials Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -25.20%. Additionally, trading for the stock in the period of the last six months notably improved by 9.52%, alongside a downfall of -51.06% for the period of the last 12 months. The shares increased approximately by 3.95% in the 7-day charts and went down by 89.61% in the period of the last 30 days. Common stock shares were driven by 118.11% during last recorded quarter.

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