Is it Time to Dump Meta Materials Inc (MMAT) Stock After it Has Gained 18.65% in a Week?

Overall market sentiment has been high on Meta Materials Inc (MMAT) stock lately. MMAT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Meta Materials Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MMAT!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With MMAT Stock Today?

Meta Materials Inc (MMAT) stock is trading at $2.29 as of 2:25 PM on Friday, Mar 22, a gain of $0.33, or 16.72% from the previous closing price of $1.96. The stock has traded between $1.94 and $2.34 so far today. Volume today is 279,147 compared to average volume of 290,110.

More About Meta Materials Inc

Meta Materials Inc delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Its extensive technology platform enables global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Click Here to get the full Stock Report for Meta Materials Inc stock.