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Is Meta Materials Inc (MMAT) Stock About to Get Hot Tuesday?

Tuesday, June 28, 2022 10:25 AM | InvestorsObserver Analysts
Is Meta Materials Inc (MMAT) Stock About to Get Hot Tuesday?

The market has been down on Meta Materials Inc (MMAT) stock recently. MMAT gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Meta Materials Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on MMAT!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With MMAT Stock Today?

Meta Materials Inc (MMAT) stock has fallen -5.23% while the S&P 500 has risen 0.36% as of 10:25 AM on Tuesday, Jun 28. MMAT has fallen -$0.06 from the previous closing price of $1.15 on volume of 8,971,954 shares. Over the past year the S&P 500 is lower by -8.77% while MMAT has fallen -86.31%. MMAT lost -$0.23 per share in the over the last 12 months.

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.

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