Metalla Royalty and Streaming Ltd (AMEX:MTA) price on Friday, March 21, fall -0.67% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.98.
A look at the stock’s price movement, the close in the last trading session was $3.00, moving within a range at $2.93 and $3.01. The beta value (5-Year monthly) was 1.379. Turning to its 52-week performance, $4.08 and $2.32 were the 52-week high and 52-week low respectively. Overall, MTA moved -5.40% over the past month.
Metalla Royalty and Streaming Ltd’s market cap currently stands at around $273.68 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13.
Analysts have a consensus estimate of 3.45M for the company’s revenue for the quarter, with a low and high estimate of 3.01M and 4.32M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.69M, representing a 39.75% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MTA is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
MTA’s current price about 4.16% and 2.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.06, while 7-day volatility ratio is 3.72% and 5.03% in the 30-day chart. Further, Metalla Royalty and Streaming Ltd (MTA) has a beta value of 1.64, and an average true range (ATR) of 0.14.
If we refocus on Metalla Royalty and Streaming Ltd (AMEX:MTA), historical trading data shows that trading volumes averaged 0.47 over the past 10 days and 327.78K over the past 3 months. The company’s latest data on shares outstanding shows there are 91.75 million shares.
The 24.44% of Metalla Royalty and Streaming Ltd’s shares are in the hands of company insiders while institutional holders own 18.23% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.12 million on 2025-02-28, giving us a short ratio of 3.44. Current price change has pushed the stock 18.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MTA stock continues to rise going into the next quarter.
