MMAT Stock Summary and Trading Ideas (Meta Materials | NASDAQ:MMAT)

Meta Materials Inc delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Its extensive technology platform enables global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.

Meta Materials trades on the NASDAQ stock market under the symbol MMAT.

As of June 28, 2024, MMAT stock price declined to $3.01 with 69,945 million shares trading.

MMAT has a beta of 0.46, meaning it tends to be less sensitive to market movements. MMAT has a correlation of 0.00 to the broad based SPY ETF.

MMAT has a market cap of $20.15 million. This is considered a Sub-Micro Cap stock.

Last quarter Meta Materials reported $3 million in Revenue and -$1.21 earnings per share. This fell short of revenue expectation by $-628,000 and exceeded earnings estimates by $.79.

In the last 3 years, MMAT stock traded as high as $848.83 and as low as $1.80.

The top ETF exchange traded funds that MMAT belongs to (by Net Assets): VXF.

MMAT has underperformed the market in the last year with a price return of -85.0% while the SPY ETF gained +26.3%. MMAT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.0% and -4.1%, respectively, while the SPY returned +4.4% and +0.6%, respectively.

MMAT support price is $2.88 and resistance is $3.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MMAT stock will trade within this expected range on the day.