Mega Matrix Inc (AMEX:MPU) shares, rose in value on Wednesday, June 18, with the stock price up by 4.83% to the previous day’s close as strong demand from buyers drove the stock to $0.89.
Actively observing the price movement in the last trading, the stock closed the session at $0.85, falling within a range of $0.83 and $0.9. The value of beta (5-year monthly) was 2.272. Referring to stock’s 52-week performance, its high was $2.57, and the low was $0.49. On the whole, MPU has fluctuated by -5.32% over the past month.
With the market capitalization of Mega Matrix Inc currently standing at about $31.04 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2020-Mar-30.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MPU’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of MPU currently trading nearly 1.24% and 0.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.39, while the 7-day volatility ratio is showing 4.53% which for the 30-day chart, stands at 4.17%. Furthermore, Mega Matrix Inc (MPU)’s beta value is 2.27, and its average true range (ATR) is 0.08.
A comparison of Mega Matrix Inc (MPU) with its peers suggests the former has fared considerably weaker in the market. MPU showed an intraday change of 4.83% in last session, and over the past year, it shrunk by -57.42%%.
Data on historical trading for Mega Matrix Inc (AMEX:MPU) indicates that the trading volumes over the past 10 days have averaged 83180.0 and over the past 3 months, they’ve averaged 134.74K. According to company’s latest data on outstanding shares, there are 38.12 million shares outstanding.
Nearly 17.19% of Mega Matrix Inc’s shares belong to company insiders and institutional investors own 3.39% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.85 million shares as on 2025-05-30, resulting in a short ratio of 4.15. According to the data, the short interest in Mega Matrix Inc (MPU) stood at 244.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 0.92 million. The stock has fallen by -35.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MPU stock heading into the next quarter.
