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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
pixel
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
pixel
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
pixel
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
pixel
NASDAQ:MMAT

Meta Materials - MMAT Stock Forecast, Price & News

0.91
-0.01 (-1.11%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
0.90
0.93
50-Day Range
0.88
1.92
52-Week Range
0.88
6.55
Volume
2.48 million shs
Average Volume
5.65 million shs
Market Capitalization
$328.38 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A

Meta Materials MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
2.53% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$70,550 Bought Last Quarter
Proj. Earnings Growth
Growing
From -0.17 to -0.12 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.33 out of 5 stars

Computer And Technology Sector

692nd out of 832 stocks

Semiconductors & Related Devices Industry

96th out of 113 stocks

About Meta Materials

Meta Materials Inc. invents, designs, develops, and manufactures various functional materials and nanocomposites. Its products include metaAIR, a laser glare protection eyewear; NANOWEB, a transparent conductive film; holoOPTIX, a holographic optical element; glucoWISE, a non-invasive glucose measurement device; and metaSURFACE, which allows an enhancement in signal to noise ratio of up to 40 times for magnetic resonance imaging scans. The company also develops and produces nano-optic structures and color-shifting foils that are used in authentication and brand protection applications in various markets, including banknotes, secure government documents, and commercial branding, as well as engages in the research, development, and manufacture of smart materials. Its customers are OEM providers in various industries, including aerospace, automotive, consumer electronics, communications, energy, banknote and brand security, and medical devices. The company was formerly known as Torchlight Energy Resources, Inc. and changed its name to Meta Materials Inc. in June 2021. Meta Materials Inc. was incorporated in 2007 and is headquartered in Dartmouth, Canada.

Analysts Set New Price Targets

Separately, Roth Capital reaffirmed a "buy" rating on shares of Meta Materials in a research report on Tuesday, May 3rd.

Meta Materials Trading Down 1.1 %

Shares of MMAT Stock traded down 0.01 during mid-day trading on Friday, hitting 0.91. The company's stock had a trading volume of 2,475,200 shares, compared to its average volume of 3,930,777. Meta Materials has a 52 week low of 0.88 and a 52 week high of 6.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.28 and a current ratio of 1.29. The company's fifty day simple moving average is 1.25 and its 200-day simple moving average is 1.49. The company has a market cap of $328.37 million, a PE ratio of -3.50 and a beta of 1.52.

Meta Materials (NASDAQ:MMAT - Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported -0.06 EPS for the quarter, missing the consensus estimate of -0.03 by -0.03. The business had revenue of 2.97 million during the quarter, compared to the consensus estimate of 2.40 million. Meta Materials had a negative net margin of 999.55% and a negative return on equity of 18.65%. As a group, equities research analysts expect that Meta Materials will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Meta Materials

In other Meta Materials news, Director Allison Christilaw acquired 15,000 shares of the company's stock in a transaction dated Tuesday, May 17th. The shares were acquired at an average cost of 1.67 per share, with a total value of 25,050.00. Following the acquisition, the director now directly owns 15,000 shares of the company's stock, valued at 25,050. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Allison Christilaw acquired 15,000 shares of the business's stock in a transaction that occurred on Tuesday, May 17th. The stock was purchased at an average cost of 1.67 per share, for a total transaction of 25,050.00. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at 25,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Thomas Gordon Welch acquired 35,000 shares of the stock in a transaction dated Friday, June 24th. The stock was acquired at an average cost of 1.30 per share, with a total value of 45,500.00. Following the purchase, the insider now owns 1,948,242 shares of the company's stock, valued at approximately 2,532,714.60. The disclosure for this purchase can be found here. 17.49% of the stock is currently owned by company insiders.

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MMAT Stock News Headlines

Meta Materials (MMAT) Scheduled to Post Earnings on Tuesday
Trading Millionaire Reveals, “2008 Was My Most Profitable Year”
Jeff Clark IGNORES 99% of the entire stock market… And still delivers 100%, 373%, and 390% gains in just 8 days in bullish AND bearish markets. He’s used this secret to help 170,000 regular folks see triple-digit gains over 48 times and double-digit gains over 81 different times. Now it’s your turn.
Meta Materials Inc - Stock Quote MMAT
Trading Millionaire Reveals, “2008 Was My Most Profitable Year”
Jeff Clark IGNORES 99% of the entire stock market… And still delivers 100%, 373%, and 390% gains in just 8 days in bullish AND bearish markets. He’s used this secret to help 170,000 regular folks see triple-digit gains over 48 times and double-digit gains over 81 different times. Now it’s your turn.
See More Headlines
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MMAT Company Calendar

Last Earnings
5/10/2022
Today
8/07/2022
Next Earnings (Confirmed)
8/09/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:MMAT
Fax
N/A
Employees
130
Year Founded
N/A

Profitability

Net Income
$-91,000,000.00
Net Margins
-999.55%
Pretax Margin
-1,022.93%

Debt

Sales & Book Value

Annual Sales
$4.08 million
Book Value
1.19 per share

Miscellaneous

Free Float
297,740,000
Market Cap
$328.38 million
Optionable
Optionable
Beta
1.52

Key Executives

  • Dr. George Palikaras Ph.D. (Age 40)
    Founder, CEO, Pres & Director
    Comp: $714.6k
  • Mr. Kenneth L. Rice Jr. (Age 67)
    J.D., L.L.M., LLM, M.B.A., MBA, Exec. VP, CFO & COO
    Comp: $531.95k
  • Dr. Jonathan D. Waldern Ph.D. (Age 61)
    Chief Technology Officer
    Comp: $438.08k
  • Dr. Efthymios Kallos Ph.D.
    Co-Founder & Chief Science Officer
  • Mr. George Francis
    Chief Information Officer
  • Mr. Mark Komonoski
    Director of Capital Markets & Investor Relations
  • Mr. Mark Gregory Gosine (Age 55)
    Gen. Counsel & Corp. Sec.
  • Mr. Robert Warren Stone
    VP of Corp. Devel. & Communications
  • Mr. Brian Donnelly
    Exec. VP of Sales
  • Dr. Raj V. Rajaram M.B.A.
    Ph.D., Chief Marketing Officer













MMAT Stock - Frequently Asked Questions

Should I buy or sell Meta Materials stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meta Materials in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Meta Materials stock.
View analyst ratings for Meta Materials
or view top-rated stocks.

How has Meta Materials' stock price performed in 2022?

Meta Materials' stock was trading at 2.46 at the beginning of 2022. Since then, MMAT shares have decreased by 63.0% and is now trading at 0.91.
View the best growth stocks for 2022 here
.

When is Meta Materials' next earnings date?

Meta Materials is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our earnings forecast for Meta Materials
.

How can I listen to Meta Materials' earnings call?

Meta Materials will be holding an earnings conference call on Wednesday, August 10th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Meta Materials' earnings last quarter?

Meta Materials Inc. (NASDAQ:MMAT) issued its earnings results on Tuesday, May, 10th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by $0.03. The company earned $2.97 million during the quarter, compared to the consensus estimate of $2.40 million. Meta Materials had a negative trailing twelve-month return on equity of 18.65% and a negative net margin of 999.55%.

When did Meta Materials' stock split? How did Meta Materials' stock split work?

Shares of Meta Materials reverse split on Friday, June 11th 2021. The 1-2 reverse split was announced on Friday, June 11th 2021. The number of shares owned by shareholders was adjusted after the market closes on Monday, June 28th 2021. An investor that had 100 shares of Meta Materials stock prior to the reverse split would have 50 shares after the split.

What is Meta Materials' stock symbol?

Meta Materials trades on the NASDAQ under the ticker symbol "MMAT."

Who are Meta Materials' major shareholders?

Meta Materials' stock is owned by a number of retail and institutional investors. Top institutional investors include Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.39%), Commonwealth Equity Services LLC (0.06%), National Bank of Canada FI (0.02%), Arizona State Retirement System (0.02%), Simplex Trading LLC (0.00%) and Victory Capital Management Inc. (0.01%). Company insiders that own Meta Materials stock include Alexandre Zyngier, Allison Christilaw, Georgios Palikaras, Greg Mccabe, Jonathan Waldern, Michael James Graves, Steen Karsbo and Thomas Gordon Welch.
View institutional ownership trends for Meta Materials
.

How do I buy shares of Meta Materials?

Shares of MMAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Meta Materials' stock price today?

One share of MMAT stock can currently be purchased for approximately 0.91.

How much money does Meta Materials make?

Meta Materials (NASDAQ:MMAT) has a market capitalization of $328.37 million and generates $4.08 million in revenue each year. The company earns $-91,000,000.00 in net income (profit) each year or -0.26 on an earnings per share basis.

How many employees does Meta Materials have?

Meta Materials employs 130 workers across the globe.

How can I contact Meta Materials?

Meta Materials' mailing address is 5700 W. Plano Parkway Suite 3600, Plano TX, 75093. The official website for Meta Materials is www.metamaterial.com. The company can be reached via phone at (902) 482-5729 or via email at ir@torchlightenergy.com.

This page (NASDAQ:MMAT) was last updated on 8/8/2022 by MarketBeat.com Staff

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