Mmtec Inc. [MTC] is 149.66% higher this YTD. Is it still time to buy?

Mmtec Inc. [NASDAQ: MTC] gained 26.99% on the last trading session, reaching $3.67 price per share at the time. The company report on October 16, 2020 that MMTEC, Inc. Announces Half Year 2020 Unaudited Financial Results.

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MMTEC, Inc. (NASDAQ: MTC) (“MMTEC”, “we”, “our” or the “Company”), a China based technology company that provides access to the U.S. financial markets, announced its unaudited financial results for the six months ended June 30, 2020.

First Half 2020 Summary.

Mmtec Inc. represents 20.07 million in outstanding shares, while the company has a total market value of $74.79 million with the latest information. MTC stock price has been found in the range of $2.94 to $4.10.

If compared to the average trading volume of 3.66M shares, MTC reached a trading volume of 5863550 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Mmtec Inc. [MTC]:

The Average True Range (ATR) for Mmtec Inc. is set at 0.41, with the Price to Sales ratio for MTC stock in the period of the last 12 months amounting to 186.99. The Price to Book ratio for the last quarter was 19.32, with the Price to Cash per share for the same quarter was set at 0.09.

Trading performance analysis for MTC stock

Mmtec Inc. [MTC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 38.49. With this latest performance, MTC shares gained by 73.93% in over the last four-week period, additionally plugging by 193.55% over the last 6 months – not to mention a rise of 90.19% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MTC stock in for the last two-week period is set at 79.27, with the RSI for the last a single of trading hit 84.86, and the three-weeks RSI is set at 75.30 for Mmtec Inc. [MTC]. The present Moving Average for the last 50 days of trading for this stock 1.93, while it was recorded at 2.99 for the last single week of trading, and 1.49 for the last 200 days.

Mmtec Inc. [MTC]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Mmtec Inc. [MTC] shares currently have an operating margin of -1464.55 and a Gross Margin at +41.87. Mmtec Inc.’s Net Margin is presently recorded at -1117.17.

Return on Total Capital for MTC is now -111.01, given the latest momentum, and Return on Invested Capital for the company is -90.48. Return on Equity for this stock declined to -104.08, with Return on Assets sitting at -68.27. When it comes to the capital structure of this company, Mmtec Inc. [MTC] has a Total Debt to Total Equity ratio set at 20.77. Additionally, MTC Total Debt to Total Capital is recorded at 17.20, with Total Debt to Total Assets ending up at 15.91. Long-Term Debt to Equity for the company is recorded at 13.64, with the Long-Term Debt to Total Capital now at 11.29.

Receivables Turnover for the company is 1.36 with a Total Asset Turnover recorded at a value of 0.06.Mmtec Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.00 and a Current Ratio set at 4.00.

An analysis of insider ownership at Mmtec Inc. [MTC]

There are presently around $0 million, or 1.20% of MTC stock, in the hands of institutional investors. The top three institutional holders of MTC stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 93,970, which is approximately New of the company’s market cap and around 62.85% of the total institutional ownership; CITADEL ADVISORS LLC, holding 38,710 shares of the stock with an approximate value of $0.11 million in MTC stocks shares; and HRT FINANCIAL LP, currently with $60000.0 in MTC stock with ownership of nearly -79.007% of the company’s market capitalization.

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2 institutional holders increased their position in Mmtec Inc. [NASDAQ:MTC] by around 106,764 shares. Additionally, 4 investors decreased positions by around 139,629 shares, while 0 investors held positions by with 80,104 shares. The mentioned changes placed institutional holdings at 166,289 shares, according to the latest SEC report filing. MTC stock had 2 new institutional investments in for a total of 106,764 shares, while 2 institutional investors sold positions of 55,377 shares during the same period.

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