Meta Materials Inc [NASDAQ: MMAT] price surged by 43.48 percent to reach at $1.0.
The one-year MMAT stock forecast points to a potential upside of 97.8. The average equity rating for MMAT stock is currently 2.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Meta Materials Inc [MMAT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MMAT shares is $150.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MMAT stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Meta Materials Inc is set at 0.44, with the Price to Sales ratio for MMAT stock in the period of the last 12 months amounting to 2.25. The Price to Book ratio for the last quarter was 1.20, with the Price to Cash per share for the same quarter was set at 1.04.
MMAT Stock Performance Analysis:
Meta Materials Inc [MMAT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 34.69. With this latest performance, MMAT shares gained by 22.68% in over the last four-week period, additionally sinking by -64.86% over the last 6 months – not to mention a drop of -86.28% 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 MMAT stock in for the last two-week period is set at 59.35, with the RSI for the last a single of trading hit 66.70, and the three-weeks RSI is set at 55.05 for Meta Materials Inc [MMAT]. The present Moving Average for the last 50 days of trading for this stock 2.77, while it was recorded at 2.47 for the last single week of trading, and 9.91 for the last 200 days.
Insight into Meta Materials Inc Fundamentals:
Meta Materials Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.57 and a Current Ratio set at 0.58.
Meta Materials Inc [MMAT] Institutonal Ownership Details
The top three institutional holders of MMAT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MMAT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MMAT stock with ownership which is approximately 5.8386%.
