MMAT: Riding the Market Waves of Growth and Decline in 2023

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -50.30%.However, over the last six months, we can see a stronger performance of -86.44%. Over the last 30 days, the price of MMAT has leaped by -46.93%. And in the last five days, it has fallen by -3.53%.

Meta Materials Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $93.80 on 02/10/23 and the lowest value was $2.64 on 02/08/24.

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52-week price history of MMAT Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Meta Materials Inc’s current trading price is -96.50% away from its 52-week high, while its distance from the 52-week low is 24.24%. The stock’s price range during this period has varied between$2.64 and $93.80. The Meta Materials Inc’s shares, which operate in the Technology, saw a trading volume of around 193.91 for the day, a figure considerably higher than their average daily volume of 5.67 over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Meta Materials Inc (MMAT) has experienced a quarterly decline of -68.03% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 16.07M.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 10.94, with a change in price of -17.73. Similarly, Meta Materials Inc recorded 150,604 in trading volume during the last 100 days, posting a change of -84.39%.

MMAT’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MMAT stands at 0.13. Similarly, the long-term debt-to-equity ratio is also 0.10.

MMAT Stock Stochastic Average

Meta Materials Inc’s raw stochastic average for the past 50 days is presently 6.84%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 10.06%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 5.04% and 3.38%, respectively.

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