Meta Materials Inc. (NASDAQ:MMAT) price is hovering higher on Monday, September 13, jumping 3.65% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $5.34, with intraday deals fluctuating between $5.06 and $5.44. Taking into account the 52-week price action we note that the stock hit a 52-week high of $21.76 and 52-week low of $0.42. The stock added 58.46% on its value in the past month.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MMAT a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned MMAT a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Meta Materials Inc. (MMAT) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that MMAT’s price is at present 31.66% off the SMA20 and 36.88% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 65.50, with weekly volatility standing at 10.23%. The indicator jumps to 13.11% when calculated based on the past 30 days. Meta Materials Inc. (NASDAQ:MMAT)’s beta value is holding at 1.76, while the average true range (ATR) indicator is currently reading 0.53. Considering analysts have assigned the stock a price target range of $4.57-$4.57 as the low and high respectively, we find the trailing 12-month average consensus price target to be $4.57. Based on this estimate, we see that today’s price at last check is roughly 17.36% off the estimated low and 17.36% off the forecast high. Investors will no doubt be excited to see the share price rise to $4.57, which is the median consensus price, and at that level MMAT would be 17.36% from recent price.
Turning out attention to how the Meta Materials Inc. stock has performed in comparison to its peers in the industry, here’s what we find: MMAT’s stock is 3.65% on the day and 919.08% in the past 12 months. Elsewhere in the market, the S&P 500 Index has stumbled -0.09% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.45%.
An analysis of the Meta Materials Inc. (NASDAQ:MMAT) stock in terms of its daily trading volume indicates that the 3-month average is 30.41 million.
Current records show that the company has 197.91M in outstanding shares. The insiders’ percentage holdings are 0.60% of outstanding shares while the percentage share held by institutions stands at 6.50%. But the 281.43% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.