Meta Materials (MMAT) Stock Surges 25% In Hours: Should You Worry about Investing?

Meta Materials stock was on a major drop these past 5 days, leaving no hope for rising. There was a major bear on July 19, when the price has sunk to $3.34 from $3.62. Just a few days later the stock has been declining until today on July 21 the stock has soared by 25% with the price of $4.01. The market capitalization for Meta Materials company equals $1.109 billion.

 

MMAT is trading at -73.32 percent below its 52 week high and -759.78 percent above its 52 week low. Its 52 weeks high and low are both 52 weeks low. The stock’s market cap reached a total value of over $1 billion as of the last trading day. Its forward price-to-earnings ratio also shows the expected earnings for the next year.

Most traders and investors prefer to own stocks that are controlled by the management team of a corporation, as this will allow the company to run its affairs without any interference from the board of directors. Currently, insiders own about 2.3 percent of Meta Materials Inc.

Lora Nilsson

Finance and Business reporterAfter graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter


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