Meta Materials Inc (NASDAQ: MMAT) closed the day trading at $3.95 down -1.74% from the previous closing price of $4.02. In other words, the price has decreased by -$0.0700 from its previous closing price. On the day, 1006958 shares were traded.
Ratios:
For a better understanding of MMAT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.73 and its Current Ratio is at 0.74. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.41.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 25.30M and an Enterprise Value of 26.73M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.13 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 3.36 whereas that against EBITDA is -0.07.
Stock Price History:
Over the past 52 weeks, MMAT has reached a high of $53.42, while it has fallen to a 52-week low of $1.80. The 50-Day Moving Average of the stock is 3.3696, while the 200-Day Moving Average is calculated to be 13.0824.
Shares Statistics:
Over the past 3-months, MMAT traded about 366.69K shares per day on average, while over the past 10 days, MMAT traded about 768.9k shares per day. A total of 6.31M shares are outstanding, with a floating share count of 5.97M. Insiders hold about 5.42% of the company’s shares, while institutions hold 6.89% stake in the company. Shares short for MMAT as of Mar 15, 2024 were 682.04k with a Short Ratio of 1.86, compared to 711.13k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.62% and a Short% of Float of 10.63%.
Earnings Estimates
Current recommendations for the stock of the company come from 1 analysts. On average, analysts expect EPS of -$3 for the current quarter, with a high estimate of -$3 and a low estimate of -$3, while EPS last year was -$4. The consensus estimate for the next quarter is -$2, with high estimates of -$2 and low estimates of -$2.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is -$7, with 1 analysts recommending between -$7 and -$7.
Revenue Estimates
1 analysts predict $1.7M in revenue for the current quarter. It ranges from a high estimate of $3.1M to a low estimate of $3.1M. As of the current estimate, Meta Materials Inc’s year-ago sales were $1.45M, an estimated increase of 17.40% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $3.9M, an increase of 19.30% over than the figure of $17.40% in the same quarter last year. There is a high estimate of $3.9M for the next quarter, whereas the lowest estimate is $3.9M.
A total of 1 analysts have provided revenue estimates for MMAT’s current fiscal year. The highest revenue estimate was $9M, while the lowest revenue estimate was $9M, resulting in an average revenue estimate of $7.34M. In the same quarter a year ago, actual revenue was $10.2M, down -28.00% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $37.1M in the next fiscal year. The high estimate is $37.1M and the low estimate is $37.1M. The average revenue growth estimate for next year is up 405.40% from the average revenue estimate for this year.
