Meta Materials Inc (NASDAQ: MMAT) Has Lost -86.36% YTD: Is There Trouble Ahead?

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During the recent session, Meta Materials Inc (NASDAQ:MMAT)’s traded shares were 1.18 million, with the beta value of the company hitting 1.37. At the last check today, the stock’s price was $0.90, reflecting an intraday loss of -56.72% or -$1.18. The 52-week high for the MMAT share is $26.62, that puts it down -2857.78 from that peak though still a striking -100.0% loss since the share price plummeted to a 52-week low of $1.80. The company’s market capitalization is $6.03M, and the average intraday trading volume over the past 10 days was 88500.0 shares, and the average trade volume was 916.47K shares over the past three months.

Meta Materials Inc (NASDAQ:MMAT) trade information

Meta Materials Inc (MMAT) registered a -56.72% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -56.72% in intraday trading to $0.90, hitting a weekly high. The stock’s 5-day price performance is -56.93%, and it has moved by -69.17% in 30 days. Based on these gigs, the overall price performance for the year is -96.29%. The short interest in Meta Materials Inc (NASDAQ:MMAT) is 0.48 million shares and it means that shorts have 4.12 day(s) to cover.

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An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -32.52%.

MMAT Dividends

Meta Materials Inc is due to release its next quarterly earnings 2024-Mar-28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Meta Materials Inc (NASDAQ:MMAT)’s Major holders

Meta Materials Inc insiders own 7.15% of total outstanding shares while institutional holders control 3.55%, with the float percentage being 3.82%. IFP ADVISORS, INC is the largest shareholder of the company, while 48.0 institutions own stock in it. As of 2024-03-31, the company held over 3557.0 shares (or 0.0007% of all shares), a total value of $207.0 in shares.

Also, the Mutual Funds coming in first place with the largest holdings of Meta Materials Inc (MMAT) shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. Data provided on Mar 31, 2024 indicates that Vanguard Extended Market Index Fund owns about 53.42 shares. This amounts to just over 0.80 percent of the company’s overall shares, with a $48065.0 market value. The same data shows that the other fund manager holds slightly less at 29.21, or about 0.44% of the stock, which is worth about $26284.0.