MMV Stock Summary and Trading Ideas (Multimetaverse Holdings Limited - Class A Ordinary Share | NASDAQ:MMV)

MultiMetaVerse Holdings Ltd is an animation and entertainment company. It is devoted to establishing an open community for its global users comprised of animation viewers, game players, and content creators and to providing high-quality and immersive entertainment experiences by way of original content, user-generated content, and professional user-generated content.

Multimetaverse Holdings Limited - Class A Ordinary Share trades on the NASDAQ stock market under the symbol MMV.

As of April 19, 2024, MMV stock price was flat at $0.67 with 17,749 million shares trading.

MMV has a beta of 2.54, meaning it tends to be more sensitive to market movements. MMV has a correlation of 0.07 to the broad based SPY ETF.

MMV has a market cap of $22.27 million. This is considered a Sub-Micro Cap stock.

MMV has underperformed the market in the last year with a price return of -35.8% while the SPY ETF gained +21.2%. MMV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -35.8% and -15.9%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

MMV support price is $.62 and resistance is $.73 (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 MMV stock will trade within this expected range on the day.