Analyzing Ratios: Meta Materials Inc (MMAT)’s Financial Story Unveiled

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The price of Meta Materials Inc (NASDAQ: MMAT) closed at $3.04 in the last session, up 1.67% from day before closing price of $2.99. In other words, the price has increased by $1.67 from its previous closing price. On the day, 65619.0 shares were traded. MMAT stock price reached its highest trading level at $3.13 during the session, while it also had its lowest trading level at $3.0.

Ratios:

We take a closer look at MMAT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.57 and its Current Ratio is at 0.58. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.47.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 16 ’23 when Palikaras Georgios bought 100,000 shares for $0.23 per share. The transaction valued at 22,660 led to the insider holds 1,385,490 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MMAT now has a Market Capitalization of 20689218 and an Enterprise Value of 25667792. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.07 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 2.612 whereas that against EBITDA is -0.777.

Stock Price History:

The Beta on a monthly basis for MMAT is 1.37, which has changed by -0.8373684 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, MMAT has reached a high of $27.50, while it has fallen to a 52-week low of $1.80. The 50-Day Moving Average of the stock is -0.19%, while the 200-Day Moving Average is calculated to be -57.53%.

Shares Statistics:

According to the various share statistics, MMAT traded on average about 977.99K shares per day over the past 3-months and 77630 shares per day over the past 10 days. A total of 6.70M shares are outstanding, with a floating share count of 6.68M. Insiders hold about 0.20% of the company’s shares, while institutions hold 3.33% stake in the company. Shares short for MMAT as of 1718323200 were 344047 with a Short Ratio of 0.35, compared to 1715731200 on 726306. Therefore, it implies a Short% of Shares Outstanding of 344047 and a Short% of Float of 5.140000000000001.

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