Now Is The Time To Build A Position In Meta Materials Inc (NASDAQ:MMAT)

In last trading session, Meta Materials Inc (NASDAQ:MMAT) saw 0.39 million shares changing hands with its beta currently measuring 1.40. Company’s recent per share price level of $0.68 trading at $0.07 or 12.40% at ring of the bell on the day assigns it a market valuation of $4.56M. That closing price of MMAT’s stock is at a discount of -3508.82% from its 52-week high price of $24.54 and is indicating a premium of 17.65% from its 52-week low price of $0.56. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.64 million shares which gives us an average trading volume of 979.31K if we extend that period to 3-months.

Meta Materials Inc (NASDAQ:MMAT) trade information

Upright in the green during last session for gaining 12.40%, in the last five days MMAT remained trading in the red while hitting it’s week-highest on Monday, 08/12/24 when the stock touched $0.68 price level, adding 20.01% to its value on the day. Meta Materials Inc’s shares saw a change of -89.70% in year-to-date performance and have moved -27.77% in past 5-day. Meta Materials Inc (NASDAQ:MMAT) showed a performance of -76.14% in past 30-days. Number of shares sold short was 0.48 million shares which calculate 4.96 days to cover the short interests.

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Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -32.52% during past 5 years.

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

Insiders are in possession of 7.15% of company’s total shares while institution are holding 3.29 percent of that, with stock having share float percentage of 3.55%. Investors also watch the number of corporate investors in a company very closely, which is 3.29% institutions for Meta Materials Inc that are currently holding shares of the company. IFP ADVISORS, INC is the top institutional holder at MMAT for having 3557.0 shares of worth $207.0. And as of 2024-03-31, it was holding 0.0007 of the company’s outstanding shares.

On the other hand, Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024 , the former fund manager was holding 53.42 shares of worth $36328.0 or 0.80% of the total outstanding shares. The later fund manager was in possession of 27.39 shares on Jun 30, 2024 , making its stake of worth around $18623.0 in the company or a holder of 0.41% of company’s stock.