Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Meta Materials Inc has a Value Score of 18, which is Ultra Expensive. Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. The value score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. Sign Up to Receive a Free Special Report That Shows How A+ Investor Grades Can Help You Make Investment Decisionsīuying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.ĪAII’s A+ Investor Value Grade is derived from a stock’s value score. Electronic equipment & parts are associated with nearly every other sub-industry, so it is hard to imagine long term that revenues will stay suppressed. Increased demand for automotive, computers, and other electronic goods is often associated with times of economic prosperity and consumer spending. However, demand for electronic equipment has some prospects. While manufacturing has increased since the heights of the pandemic, we are starting to see a slight decline in the demand. While this indicates an expanding manufacturing market, the PMI score has declined over the previous three months. As of July 2021, the PMI score according to the Institute for Supply Management (ISM) was 59.5, a 1.8% decline over the score in June. A PMI score over 50 represents expansion, while 50 represents neutral, and under 50 contraction or decline in business. The Purchasing Managers Index (PMI) is often used to gauge the manufacturing sector of the economy. The Electronic Equipment & Parts sub-industry outlook is neutral. Meta Materials Inc does not currently pay a dividend. Analysts expect adjusted earnings to reach $-0.120 per share for the current fiscal year. Year-over-year quarterly sales growth most recently was -39.4%. Meta Materials Inc’s trailing 12-month revenue is $7.3 million with a % profit margin. Meta Materials Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Read on to find out how ( MMAT) grades on certain investment factors and determine whether it meets your investment needs.Īs of October 20, 2023, Meta Materials Inc had a $91.5 million market capitalization, putting it in the 35th percentile of companies in the Electronic Equipment & Parts industry. Learn more about whether Meta Materials Inc is a good stock to buy or sell based on recent news as well as its key financial metrics. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Samuel O’Brient did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Until Meta Materials shows that it can successfully raise capital and demonstrate sustainable growth, MMAT stock will remain an unstable buy, and the going concerns will persist. However, that phrasing is hardly reassuring, particularly since it reads as speculation. The company notes that it “may pursue” other areas of financing, such as selling or leasing company properties, joint project venturing, or debt or equity financing. META anticipates that it needs to implement expense reduction measures under its control and immediately raise additional capital to expand the commercialization of its products, fund its operations, further its research and development activities and ensure that it can continue to operate as a going concern.” “META has identified factors that raise substantial doubt about the Company’s ability to continue to operate as a going concern and to achieve compliance with NASDAQ continued listing requirements. What exactly is the going concern that is pushing MMAT stock down today? It came up in the report as part of the section on identifying risk factors. When we factor in its recent revenue miss, it’s hard to see any growth in the company’s future. Words like “going concern” don’t tend to reassure investors that a company is on the right track. Not that there is much reason for it to turn around. As of this writing, it is down almost 11% for the day and shows no signs of a turnaround. MMAT stock hit a new all-time low price of $0.46 today. This isn’t the worst trading day for MMAT stock, but it certainly isn’t the best.
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