Metalpha Technology Holding Ltd (NASDAQ:MATH) shares, rose in value, with the stock price up by 12.17% to the previous day’s close as strong demand from buyers drove the stock to $2.12.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.89, falling within a range of $2.0 and $2.18. The value of beta (5-year monthly) is -0.758. Referring to stock’s 52-week performance, its high was $2.09, and the low was $0.80. On the whole, MATH has fluctuated by 39.92% over the past month.
With the market capitalization of Metalpha Technology Holding Ltd currently standing at about $81.36 million, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MATH’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of MATH currently trading nearly 26.40% and 55.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 74.03, while the 7-day volatility ratio is showing 8.45% which for the 30-day chart, stands at 7.34%. Furthermore, Metalpha Technology Holding Ltd (MATH)’s beta value is -0.90, and its average true range (ATR) is 0.15.
A comparison of Metalpha Technology Holding Ltd (MATH) with its peers suggests the former has fared considerably weaker in the market. MATH showed an intraday change of 12.17% in today’s session so far, and over the past year, it grew by 68.25%%.
Data on historical trading for Metalpha Technology Holding Ltd (NASDAQ:MATH) indicates that the trading volumes over the past 10 days have averaged 0.19 and over the past 3 months, they’ve averaged 89.32K. According to company’s latest data on outstanding shares, there are 38.37 million shares outstanding.
Nearly 43.07% of Metalpha Technology Holding Ltd’s shares belong to company insiders and institutional investors own 0.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 63872.0 shares as on 2025-01-31, resulting in a short ratio of 0.84. According to the data, the short interest in Metalpha Technology Holding Ltd (MATH) stood at 25.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 16383.0. The stock has risen by 84.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MATH stock heading into the next quarter.
