Meta Materials Inc (NASDAQ:MMAT) marked $0.09 per share on Friday, up from a previous closing price of $0.09. While Meta Materials Inc has overperformed by 1.08%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MMAT fell by -94.69%, with highs and lows ranging from $2.34 to $0.09, whereas the simple moving average fell by -68.69% in the last 200 days.
Analysis of Meta Materials Inc (MMAT)
Further, the quarter-over-quarter decrease in sales is -10.42%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Meta Materials Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -139.49% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.95, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 4.53M can be a very valuable indicator of volatility for MMAT stock. On a monthly basis, the volatility of the stock is set at 12.74%, whereas on a weekly basis, it is put at 7.50%, with a loss of -6.10% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.50, showing growth from the present price of $0.09, which can serve as yet another indication of whether MMAT is worth investing in or should be passed over.
How Do You Analyze Meta Materials Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 17.81%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 4.72% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in MMAT shares?
The recent increase in stakes in MMAT appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc. made another increased to its shares in MMAT during the first quarter, upping its stake by 20.56%. During the last quarter, the company dropped down 911,079 additional shares for a total stake of worth $0.65 million, bringing number of shares owned by the company to 5,342,305.
At the end of the first quarter, Two Sigma Investments LP decreased its MMAT holdings by -19.85% and now holds 0.87 million MMAT shares valued at $0.11 million with the lessened -0.22 million shares during the period. MMAT shares are owned by institutional investors to the tune of 4.72% at present.