The trading price of Mega Matrix Inc. (AMEX:MPU) floating higher at last check on current market day and closing at $1.55, 22.05% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $1.3001 and $1.65. In examining the 52-week price action we see that the stock hit a 52-week high of $4.48 and a 52-week low of $0.59. Over the past month, the stock has gained 50.49% in value.
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Mega Matrix Inc., whose market valuation is $62.73 million at the time of this writing, is expected to release its quarterly earnings report on 2020-Mar-30. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest MPU has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that MPU’s price is currently 23.93% off the SMA20 and 7.10% off the SMA50. The RSI metric on the 14-day chart is currently showing 62.50, and weekly volatility stands at 7.72%. When measured over the past 30 days, the indicator reaches 11.58%. Mega Matrix Inc. (AMEX:MPU)’s beta value is currently sitting at 3.01, while the Average True Range indicator is currently displaying 0.14.
To see how Mega Matrix Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: MPU stock’s performance was 22.05% at last check in today’s session, and 91.36% in the past year.
An evaluation of the daily trading volume of Mega Matrix Inc. (AMEX:MPU) indicates that the 3-month average is 172.43K. However, this figure has increased over the past 10 days to an average of 35980.0.
Currently, records show that 40.47 million of the company’s shares remain outstanding. The insiders hold 14.90% of outstanding shares, whereas institutions hold 4.74%. The stats also highlight that short interest as of 2024-10-15, stood at 1.29 million shares, resulting in a short ratio of 8.62 at that time. From this, we can conclude that short interest is 443.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 2.27 million. However, since the stock’s price has seen 9.93% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
