Mmtec Inc (NASDAQ:MTC) traded at $0.45 at close of the session on current trade day and made an upward move of 5.10% on its previous day’s price.
Looking at the stock we see that its previous close was $0.43 and the beta (5Y monthly) reads 0.894 with the day’s price range being $0.4 – $0.4566. In terms of its 52-week price range, MTC has a high of $12.90 and a low of $0.24. The company’s stock has gained about 57.62% over that past 30 days.
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Mmtec Inc has a market cap of $90.21 million and is expected to release its quarterly earnings report in November.
On the other hand, looking at the outlook for the MTC stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 8.03% off its SMA20 and 36.13% from its 50-day simple moving average. The RSI (14) is pointing at 52.91 while the volatility over the past week is 18.96% and jumps to 18.45% over the past one month. The beta value is 0.90, while the average true range (ATR) is currently pointing at 0.09.
Coming back to Mmtec Inc (NASDAQ:MTC), we note that the average 3-month trading volume was 4.61 million, while that of the preceding 10-day period stands at 19.06 million. Current shares outstanding are 199.15 million.
The insiders hold 0.18% of the company’s shares while institutions hold 0.34%. The data shows that short shares as of 2024-09-30, stood at 1.92 million at a short ratio of 0.61. This represents a 97.00 short interest in shares outstanding on 2024-09-30. Shares short rose in September from the previous month at 1.16 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -54.70% down in year-to-date price movement.
