MMTLP Stock Forecast: Recent Performance

 

MMTLP Stock Forecast: The outlook is partially positive. The stock is a buy.


MMTLP Stock Forecast: Price today

MMTLP Stock Forecast: Recent Performance

Stock name 5 days 1 month YTD
MMTLP +2.4% +152.6% +155.9%
NASDAQ -1.5% -6.5% -15.9%

MMTLP Stock Forecast: Latest News

Meta’s Next Bridge Hydrocarbon spinoff: MMTLP’s shares surged after it being the placeholder for the spinoff of Next Bridge Hydrocarbon (which is an oil and gas company) from Meta Materials. Meta provided Next Bridge Hydrocarbon with a loan of $20 million but Meta will not have any possession of Next Bridge Hydrocarbon after the spinoff. One MMTLP (Preferred Series A) will be exchanged for one share of Next Bridge after the completion of the spinoff.

MMAT received $4.3 million in purchase orders: In MMAT’s nano-optic security business, it received $4.3 million in purchase orders, where it

provides anti-forgery features for various currencies and government documents. This is seen as a base award for persistent work in execution of a multi-year agreement with a confidential G-10 central bank customer with maximum value of $41.5 million up to 5 years. It is also expected to get more purchase orders as part of base award.

MMTLP Stock Forecast: Latest Video

YouTube video

MMTLP Stock Forecast: Price target

MMTLP (MMAT) Stock Forecast: Q2 Results

MMTLP released its Quarter 2 (which ended on June 30, 2022) in August 2022.

The company’s total revenues were declared as $3.3 million, up 432.4% Y-o-Y.

Its gross profit was $2.4 million, up 292.2% Y-o-Y.

Operating expenses saw an increase of 282.1% Y-o-Y and were reported as $22.1 million.

But, the company’s operating income decreased by 280.9% over a year and was reported as -$19.6 million.

Its net income was -$21 million, down 256.6% Y-o-Y.

Revenue per share was $0.01, up 249.5% Y-o-Y.

Diluted earnings per share (EPS) were declared as -$0.07, down 133.3% Y-o-Y.

Its EBIT was declared as -$19.6 million, down 280.9% Y-o-Y.

MMTLP Stock Price Prediction: Short-Term Outlook

Trend
Overall Partially Positive
Market’s Wisdom Partially Positive
1a. Market Data Neutral
Volume Lower
Performance vs NASDAQ (Last 5 days) Higher
1b. Technical Buy
2. Crowd’s Wisdom Neutral
2aGoogle Search Lower
2b. Social Media Sentiment Higher

MMTLP Stock Forecast: Latest Tweet

A Green Day for the market … Shorts are AFRAID $MMTLP might run, so they had to slam it in the morning (ran to $4.38) … When S1A is approved, the clocks starts for them to exit (buy to close) their position … tic-tok 🙂

MMTLP Stock Forecast: Conclusion

MMTLP stock has seen an increase of around 150% in its stock from the last month. The stock’s price soared due to the short squeeze. It has negative cash flows and there is no proof that the company would give high returns. One cannot assure that the price increases and investors may get high returns as the stock price is very volatile, and the company also mentioned that the price can go significantly high but may not represent the value of underlying shares.

Writer

Bommu Vaishnavi

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Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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