Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Meta Materials Inc’s current trading price is -92.47% away from its 52-week high, while its distance from the 52-week low is 123.33%. The stock’s price range over this period has fluctuated between $1.80 and $53.42. The company, operating within the financial sector, had a trading volume of approximately 3.89 million for the day, which was noticeably higher than the average daily share volume of 0.3 million over the last 3 months.
In terms of market performance, Meta Materials Inc had a fairly uneven. The highest value for the stock in the past year was $53.42 on 04/03/23, and the lowest value was recorded at $1.80 on 03/15/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Meta Materials Inc (MMAT) has experienced a quarterly decline of -42.98% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 25.81M and boasts a workforce of 103 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.60, with a change in price of -6.61. Similarly, Meta Materials Inc recorded 269,680 in trading volume during the last 100 days, posting a change of -62.18%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for MMAT stands at 0.55. Similarly, the long-term debt-to-equity ratio is also 0.41.
MMAT Stock Stochastic Average
Today’s raw stochastic average for Meta Materials Inc over the last 50 days is 35.29%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 83.77%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 88.84% and 72.62%, respectively.
MMAT Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. This year’s metric has recorded a Price decrease of -39.09%. However, over the past six months, we’ve seen a stronger performance of -79.90%. The price of MMAT fallen by 35.35% over the last 30 days. And in the last five days, it has surged by 68.91%.
