The closing price of Meta Materials Inc. (NASDAQ: MMAT) was $1.05 for the day, up 10.72% from the previous closing price of $0.95. In other words, the price has increased by $+0.1017 from its previous closing price. On the day, 5254584 shares were traded. MMAT stock price reached its highest trading level at $1.0700 during the session, while it also had its lowest trading level at $0.9410.
Our analysis of MMAT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 07 when Welch Thomas Gordon sold 75,000 shares for $2.23 per share. The transaction valued at 167,250 led to the insider holds 1,425,000 shares of the business.
Palikaras Georgios bought 42,000 shares of MMAT for $40,320 on Aug 11. The CEO and President now owns 1,158,907 shares after completing the transaction at $0.96 per share. On Jun 24, another insider, Welch Thomas Gordon, who serves as the 10% Owner of the company, bought 35,000 shares for $1.28 each. As a result, the insider paid 44,800 and bolstered with 2,450,243 shares of the company.
For the stock, the TTM Price-to-Sale (P/S) ratio is 31.20 while its Price-to-Book (P/B) ratio in mrq is 0.98.
Stock Price History:
Over the past 52 weeks, MMAT has reached a high of $2.34, while it has fallen to a 52-week low of $0.63. The 50-Day Moving Average of the stock is 1.4440, while the 200-Day Moving Average is calculated to be 1.2132.
MMAT traded an average of 11.37M shares per day over the past three months and 3.53M shares per day over the past ten days. A total of 362.26M shares are outstanding, with a floating share count of 267.06M. Insiders hold about 0.40% of the company’s shares, while institutions hold 9.90% stake in the company. Shares short for MMAT as of Oct 13, 2022 were 30.42M with a Short Ratio of 36.08M, compared to 29.9M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 8.42% and a Short% of Float of 10.72%.
The firm’s stock currently is rated by 3 analysts. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.05 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.2 and -$0.24 for the fiscal current year, implying an average EPS of -$0.22. EPS for the following year is -$0.13, with 3 analysts recommending between -$0.08 and -$0.15.
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $3.96M to a low estimate of $3.4M. As of the current estimate, Meta Materials Inc.’s year-ago sales were $573k, an estimated increase of 531.80% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $3.69M, an increase of 61.20% less than the figure of $531.80% in the same quarter last year. There is a high estimate of $3.98M for the next quarter, whereas the lowest estimate is $3.5M.
A total of 3 analysts have provided revenue estimates for MMAT’s current fiscal year. The highest revenue estimate was $14.24M, while the lowest revenue estimate was $13.3M, resulting in an average revenue estimate of $13.61M. In the same quarter a year ago, actual revenue was $4.08M, up 233.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $31.57M in the next fiscal year. The high estimate is $33.7M and the low estimate is $28.8M. The average revenue growth estimate for next year is up 132.00% from the average revenue estimate for this year.