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Meta Materials Inc
Buy, Hold or Sell?

Let's analyze Meta Materials Inc together

I guess you are interested in Meta Materials Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Meta Materials Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Meta Materials Inc (30 sec.)










1.2. What can you expect buying and holding a share of Meta Materials Inc? (30 sec.)

How much money do you get?

How much money do you get?
$1.96
When do you have the money?
1 year
How often do you get paid?
30.0%

What is your share worth?

Current worth
$3.33
Expected worth in 1 year
$-209.49
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
$-210.86
Return On Investment
-345,669.3%

For what price can you sell your share?

Current Price per Share
$0.06
Expected price per share
$0.061 - $0.51
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Meta Materials Inc (5 min.)




Live pricePrice per Share (EOD)
$0.06
Intrinsic Value Per Share
$-143.24 - $-57.68
Total Value Per Share
$-139.90 - $-54.34

2.2. Growth of Meta Materials Inc (5 min.)




Is Meta Materials Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$22.3m$378.5m-$356.2m-1,595.5%

How much money is Meta Materials Inc making?

Current yearPrevious yearGrowGrow %
Making money-$398.2m-$79.1m-$319.1m-80.1%
Net Profit Margin-5,077.6%-775.5%--

How much money comes from the company's main activities?

2.3. Financial Health of Meta Materials Inc (5 min.)




2.4. Comparing to competitors in the Electronic Components industry (5 min.)




  Industry Rankings (Electronic Components)  


Richest
#457 / 519

Most Revenue
#448 / 519

Most Profit
#519 / 519

Most Efficient
#517 / 519
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Meta Materials Inc?

Welcome investor! Meta Materials Inc's management wants to use your money to grow the business. In return you get a share of Meta Materials Inc.

First you should know what it really means to hold a share of Meta Materials Inc. And how you can make/lose money.

Speculation

The Price per Share of Meta Materials Inc is $0.061. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Meta Materials Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Meta Materials Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $3.33. Based on the TTM, the Book Value Change Per Share is $-53.20 per quarter. Based on the YOY, the Book Value Change Per Share is $6.55 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.49 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Meta Materials Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-59.48-97,503.5%-59.48-97,503.5%-11.81-19,367.5%-17.90-29,342.8%-10.54-17,283.1%
Usd Book Value Change Per Share-53.20-87,221.3%-53.20-87,221.3%6.5510,737.8%0.13210.8%0.20321.5%
Usd Dividend Per Share0.49804.0%0.49804.0%0.000.0%0.10160.8%0.0691.2%
Usd Total Gains Per Share-52.71-86,417.3%-52.71-86,417.3%6.5510,737.8%0.23371.6%0.25412.7%
Usd Price Per Share13.20-13.20-238.00-207.05-203.01-
Price to Earnings Ratio-0.22--0.22--20.15--39.15--84.45-
Price-to-Total Gains Ratio-0.25--0.25-36.34--67.56-64.03-
Price to Book Ratio3.96-3.96-4.21--3.96-83.36-
Price-to-Total Gains Ratio-0.25--0.25-36.34--67.56-64.03-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.061
Number of shares16393
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.490.10
Usd Book Value Change Per Share-53.200.13
Usd Total Gains Per Share-52.710.23
Gains per Quarter (16393 shares)-864,150.003,716.02
Gains per Year (16393 shares)-3,456,599.9914,864.09
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
132158-3488758-34566106432843214854
264316-6977516-6913210128631686529718
396475-10466275-10369810192952529744582
4128633-13955033-13826410257273373059446
5160791-17443791-17283010321584216274310
6192949-20932549-20739610385905059589174
7225108-24421307-241962104502259027104038
8257266-27910066-276528105145367460118902
9289424-31398824-311094105788575892133766
10321582-34887582-345660106431684325148630

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%0.03.00.00.0%0.05.00.00.0%0.010.00.00.0%0.013.00.00.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%2.03.00.040.0%6.04.00.060.0%8.05.00.061.5%
Dividend per Share1.00.00.0100.0%1.00.02.033.3%1.00.04.020.0%3.00.07.030.0%3.00.010.023.1%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%2.03.00.040.0%6.04.00.060.0%8.05.00.061.5%
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3.2. Key Performance Indicators

The key performance indicators of Meta Materials Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---53.205-53.2050%6.550-912%0.129-41473%0.196-27230%
Book Value Per Share--3.3353.3350%56.540-94%22.157-85%12.029-72%
Current Ratio--0.7380.7380%1.149-36%0.719+3%0.714+3%
Debt To Asset Ratio--0.6230.6230%0.074+739%0.685-9%0.593+5%
Debt To Equity Ratio--1.6791.6790%0.080+1994%0.754+123%0.904+86%
Dividend Per Share--0.4900.4900%-+100%0.098+400%0.056+782%
Eps---59.477-59.4770%-11.814-80%-17.899-70%-10.543-82%
Free Cash Flow Per Share---7.556-7.5560%-12.222+62%-5.799-23%-3.726-51%
Free Cash Flow To Equity Per Share---1.343-1.3430%-5.297+294%-2.355+75%-1.266-6%
Gross Profit Margin--1.0111.0110%1.079-6%1.068-5%1.034-2%
Intrinsic Value_10Y_max---57.678--------
Intrinsic Value_10Y_min---143.236--------
Intrinsic Value_1Y_max---4.178--------
Intrinsic Value_1Y_min---10.426--------
Intrinsic Value_3Y_max---13.775--------
Intrinsic Value_3Y_min---34.912--------
Intrinsic Value_5Y_max---24.843--------
Intrinsic Value_5Y_min---63.142--------
Market Cap408427.940-21539%88381128.00088381128.0000%1593538520.000-94%1386298165.920-94%1359261575.400-93%
Net Profit Margin---50.776-50.7760%-7.755-85%-20.105-60%-16.999-67%
Operating Margin---3.071-3.0710%-8.635+181%-8.036+162%-8.082+163%
Operating Ratio--4.0654.0650%9.500-57%8.409-52%8.769-54%
Pb Ratio0.018-21539%3.9583.9580%4.209-6%-3.955+200%83.362-95%
Pe Ratio-0.001+100%-0.222-0.2220%-20.145+8977%-39.149+17540%-84.451+37952%
Price Per Share0.061-21539%13.20013.2000%238.000-94%207.048-94%203.010-93%
Price To Free Cash Flow Ratio-0.008+100%-1.747-1.7470%-19.473+1015%-76.572+4283%-110.762+6240%
Price To Total Gains Ratio-0.001+100%-0.250-0.2500%36.336-101%-67.556+26879%64.026-100%
Quick Ratio--0.7760.7760%0.875-11%0.488+59%0.515+50%
Return On Assets---6.731-6.7310%-0.193-97%-1.695-75%-1.718-74%
Return On Equity---18.154-18.1540%-0.209-99%-3.839-79%-4.179-77%
Total Gains Per Share---52.715-52.7150%6.550-905%0.227-23355%0.252-21040%
Usd Book Value--22327953.00022327953.0000%378564153.000-94%148353842.800-85%80539411.800-72%
Usd Book Value Change Per Share---53.205-53.2050%6.550-912%0.129-41473%0.196-27230%
Usd Book Value Per Share--3.3353.3350%56.540-94%22.157-85%12.029-72%
Usd Dividend Per Share--0.4900.4900%-+100%0.098+400%0.056+782%
Usd Eps---59.477-59.4770%-11.814-80%-17.899-70%-10.543-82%
Usd Free Cash Flow---50590000.000-50590000.0000%-81832305.000+62%-38824161.600-23%-24949410.700-51%
Usd Free Cash Flow Per Share---7.556-7.5560%-12.222+62%-5.799-23%-3.726-51%
Usd Free Cash Flow To Equity Per Share---1.343-1.3430%-5.297+294%-2.355+75%-1.266-6%
Usd Market Cap408427.940-21539%88381128.00088381128.0000%1593538520.000-94%1386298165.920-94%1359261575.400-93%
Usd Price Per Share0.061-21539%13.20013.2000%238.000-94%207.048-94%203.010-93%
Usd Profit---398231538.000-398231538.0000%-79102224.000-80%-117677449.800-70%-68606313.400-83%
Usd Revenue--7842945.0007842945.0000%10200167.000-23%4830044.400+62%3353286.500+134%
Usd Total Gains Per Share---52.715-52.7150%6.550-905%0.227-23355%0.252-21040%
 EOD+3 -5MRQTTM+0 -0YOY+11 -255Y+12 -2410Y+9 -27

3.3 Fundamental Score

Let's check the fundamental score of Meta Materials Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-0.001
Price to Book Ratio (EOD)Between0-10.018
Net Profit Margin (MRQ)Greater than0-50.776
Operating Margin (MRQ)Greater than0-3.071
Quick Ratio (MRQ)Greater than10.776
Current Ratio (MRQ)Greater than10.738
Debt to Asset Ratio (MRQ)Less than10.623
Debt to Equity Ratio (MRQ)Less than11.679
Return on Equity (MRQ)Greater than0.15-18.154
Return on Assets (MRQ)Greater than0.05-6.731
Total2/10 (20.0%)

3.4 Technical Score

Let's check the technical score of Meta Materials Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5029.351
Ma 20Greater thanMa 500.128
Ma 50Greater thanMa 1000.290
Ma 100Greater thanMa 2001.183
OpenGreater thanClose0.061
Total0/5 (0.0%)

4. In-depth Analysis

4.1 About Meta Materials Inc

Meta Materials Inc. manufactures and sells various functional materials and nanocomposites. The company products include metaAIR, a laser glare protection eyewear; NANOWEB, a transparent conductive film; holoOPTIX, a holographic optical component; and glucoWISE, a non-invasive glucose monitoring. It 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. In addition, the company develops NPORE, a ceramic nanoporous membrane separator for lithium-ion batteries. 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. is headquartered in Dartmouth, Canada.

Fundamental data was last updated by Penke on 2024-10-24 20:29:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Meta Materials Inc earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Meta Materials Inc to the Electronic Components industry mean.
  • A Net Profit Margin of -5,077.6% means that $-50.78 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Meta Materials Inc:

  • The MRQ is -5,077.6%. The company is making a huge loss. -2
  • The TTM is -5,077.6%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-5,077.6%TTM-5,077.6%0.0%
TTM-5,077.6%YOY-775.5%-4,302.1%
TTM-5,077.6%5Y-2,010.5%-3,067.1%
5Y-2,010.5%10Y-1,699.9%-310.6%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ-5,077.6%4.3%-5,081.9%
TTM-5,077.6%3.8%-5,081.4%
YOY-775.5%4.3%-779.8%
5Y-2,010.5%4.2%-2,014.7%
10Y-1,699.9%4.5%-1,704.4%
4.3.1.2. Return on Assets

Shows how efficient Meta Materials Inc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Meta Materials Inc to the Electronic Components industry mean.
  • -673.1% Return on Assets means that Meta Materials Inc generated $-6.73 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Meta Materials Inc:

  • The MRQ is -673.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -673.1%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-673.1%TTM-673.1%0.0%
TTM-673.1%YOY-19.3%-653.8%
TTM-673.1%5Y-169.5%-503.6%
5Y-169.5%10Y-171.8%+2.3%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ-673.1%0.9%-674.0%
TTM-673.1%0.8%-673.9%
YOY-19.3%1.0%-20.3%
5Y-169.5%1.1%-170.6%
10Y-171.8%1.0%-172.8%
4.3.1.3. Return on Equity

Shows how efficient Meta Materials Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Meta Materials Inc to the Electronic Components industry mean.
  • -1,815.4% Return on Equity means Meta Materials Inc generated $-18.15 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Meta Materials Inc:

  • The MRQ is -1,815.4%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -1,815.4%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1,815.4%TTM-1,815.4%0.0%
TTM-1,815.4%YOY-20.9%-1,794.5%
TTM-1,815.4%5Y-383.9%-1,431.5%
5Y-383.9%10Y-417.9%+34.0%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ-1,815.4%1.7%-1,817.1%
TTM-1,815.4%1.5%-1,816.9%
YOY-20.9%1.8%-22.7%
5Y-383.9%2.0%-385.9%
10Y-417.9%2.0%-419.9%
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4.3.2. Operating Efficiency of Meta Materials Inc.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Meta Materials Inc is operating .

  • Measures how much profit Meta Materials Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Meta Materials Inc to the Electronic Components industry mean.
  • An Operating Margin of -307.1% means the company generated $-3.07  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Meta Materials Inc:

  • The MRQ is -307.1%. The company is operating very inefficient. -2
  • The TTM is -307.1%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-307.1%TTM-307.1%0.0%
TTM-307.1%YOY-863.5%+556.4%
TTM-307.1%5Y-803.6%+496.4%
5Y-803.6%10Y-808.2%+4.6%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ-307.1%5.3%-312.4%
TTM-307.1%3.9%-311.0%
YOY-863.5%4.7%-868.2%
5Y-803.6%5.0%-808.6%
10Y-808.2%4.5%-812.7%
4.3.2.2. Operating Ratio

Measures how efficient Meta Materials Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electronic Components industry mean).
  • An Operation Ratio of 4.06 means that the operating costs are $4.06 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Meta Materials Inc:

  • The MRQ is 4.065. The company is inefficient in keeping operating costs low. -1
  • The TTM is 4.065. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ4.065TTM4.0650.000
TTM4.065YOY9.500-5.435
TTM4.0655Y8.409-4.345
5Y8.40910Y8.769-0.359
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0651.257+2.808
TTM4.0651.153+2.912
YOY9.5001.280+8.220
5Y8.4091.329+7.080
10Y8.7691.221+7.548
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4.4.3. Liquidity of Meta Materials Inc.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Meta Materials Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Electronic Components industry mean).
  • A Current Ratio of 0.74 means the company has $0.74 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Meta Materials Inc:

  • The MRQ is 0.738. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.738. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.738TTM0.7380.000
TTM0.738YOY1.149-0.411
TTM0.7385Y0.719+0.019
5Y0.71910Y0.714+0.005
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7381.892-1.154
TTM0.7381.909-1.171
YOY1.1491.877-0.728
5Y0.7191.909-1.190
10Y0.7141.842-1.128
4.4.3.2. Quick Ratio

Measures if Meta Materials Inc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Meta Materials Inc to the Electronic Components industry mean.
  • A Quick Ratio of 0.78 means the company can pay off $0.78 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Meta Materials Inc:

  • The MRQ is 0.776. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.776. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.776TTM0.7760.000
TTM0.776YOY0.875-0.099
TTM0.7765Y0.488+0.287
5Y0.48810Y0.515-0.027
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7761.105-0.329
TTM0.7761.191-0.415
YOY0.8751.137-0.262
5Y0.4881.237-0.749
10Y0.5151.217-0.702
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4.5.4. Solvency of Meta Materials Inc.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Meta Materials Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Meta Materials Inc to Electronic Components industry mean.
  • A Debt to Asset Ratio of 0.62 means that Meta Materials Inc assets are financed with 62.3% credit (debt) and the remaining percentage (100% - 62.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Meta Materials Inc:

  • The MRQ is 0.623. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.623. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.623TTM0.6230.000
TTM0.623YOY0.074+0.548
TTM0.6235Y0.685-0.063
5Y0.68510Y0.593+0.093
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6230.427+0.196
TTM0.6230.418+0.205
YOY0.0740.422-0.348
5Y0.6850.442+0.243
10Y0.5930.429+0.164
4.5.4.2. Debt to Equity Ratio

Measures if Meta Materials Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Meta Materials Inc to the Electronic Components industry mean.
  • A Debt to Equity ratio of 167.9% means that company has $1.68 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Meta Materials Inc:

  • The MRQ is 1.679. The company is just able to pay all its debts with equity.
  • The TTM is 1.679. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.679TTM1.6790.000
TTM1.679YOY0.080+1.599
TTM1.6795Y0.754+0.925
5Y0.75410Y0.904-0.149
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6790.752+0.927
TTM1.6790.746+0.933
YOY0.0800.763-0.683
5Y0.7540.820-0.066
10Y0.9040.805+0.099
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Meta Materials Inc generates.

  • Above 15 is considered overpriced but always compare Meta Materials Inc to the Electronic Components industry mean.
  • A PE ratio of -0.22 means the investor is paying $-0.22 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Meta Materials Inc:

  • The EOD is -0.001. Based on the earnings, the company is expensive. -2
  • The MRQ is -0.222. Based on the earnings, the company is expensive. -2
  • The TTM is -0.222. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.001MRQ-0.222+0.221
MRQ-0.222TTM-0.2220.000
TTM-0.222YOY-20.145+19.923
TTM-0.2225Y-39.149+38.927
5Y-39.14910Y-84.451+45.302
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD-0.00117.545-17.546
MRQ-0.22218.329-18.551
TTM-0.22218.940-19.162
YOY-20.14514.494-34.639
5Y-39.14920.019-59.168
10Y-84.45124.015-108.466
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Meta Materials Inc:

  • The EOD is -0.008. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -1.747. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -1.747. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.008MRQ-1.747+1.739
MRQ-1.747TTM-1.7470.000
TTM-1.747YOY-19.473+17.726
TTM-1.7475Y-76.572+74.825
5Y-76.57210Y-110.762+34.190
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD-0.0086.689-6.697
MRQ-1.7475.704-7.451
TTM-1.7473.349-5.096
YOY-19.4731.974-21.447
5Y-76.5721.315-77.887
10Y-110.7621.547-112.309
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Meta Materials Inc is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Electronic Components industry mean).
  • A PB ratio of 3.96 means the investor is paying $3.96 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Meta Materials Inc:

  • The EOD is 0.018. Based on the equity, the company is cheap. +2
  • The MRQ is 3.958. Based on the equity, the company is fair priced.
  • The TTM is 3.958. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD0.018MRQ3.958-3.940
MRQ3.958TTM3.9580.000
TTM3.958YOY4.209-0.251
TTM3.9585Y-3.955+7.914
5Y-3.95510Y83.362-87.318
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD0.0182.010-1.992
MRQ3.9581.844+2.114
TTM3.9581.912+2.046
YOY4.2091.892+2.317
5Y-3.9552.132-6.087
10Y83.3622.246+81.116
4.6.2. Total Gains per Share

4.7 Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Meta Materials Inc.

4.8.1. Institutions holding Meta Materials Inc

Institutions are holding 3.295% of the shares of Meta Materials Inc.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-06-30Vanguard Group Inc0.9628064463979917.9259
2024-06-30BlackRock Inc0.810605427500
2024-06-30Geode Capital Management, LLC0.7019046996-4715-9.118
2024-06-30UBS Group AG0.448603003930035750875
2024-06-30T. Rowe Price Associates, Inc.0.2731018286182860
2024-06-30Northern Trust Corp0.2197014707147070
2024-06-30State Street Corp0.183901231100
2024-06-30Advisor Group Holdings, Inc.0.13360.000189484944123.4765
2024-06-30Morgan Stanley - Brokerage Accounts0.0547036612079131.4159
2024-06-30HARBOUR INVESTMENTS, INC.0.02160.0002144900
2024-09-30Pacifica Partners Inc0.02040.0002136600
2024-06-30Group One Trading, LP0.020101344-75-5.2854
2024-06-30Tower Research Capital LLC0.01340.0001900-1409-61.0221
2024-06-30Goss Wealth Management LLC0.0064043000
2024-06-30FMR Inc0.00640430-16-3.5874
2024-06-30Wells Fargo & Co0.00460305216242.6966
2024-06-30Hanson Mcclain Inc0.0035023400
2024-06-30Royal Bank of Canada0.001601091090
2024-06-30Steward Partners Investment Advisory, LLC0.001601051050
2024-06-30JTC Employer Solutions Trustee Ltd0.000906100
Total 3.88940.0006260419+74065+28.4%

4.9.2. Funds holding Meta Materials Inc

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31SSgA U.S. Extended Market Index Class I0.01480.00029890000
2023-12-31NT US Market Cap Idx Fd - L0.00510.00013392800
2024-06-30Northern Trust Extended Eq Market Idx0.16420.000510996105562399.0909
2024-06-30SSgA U.S. Total Market Index Strategy0.0061040612041.958
2024-06-30Northern Trust Wilshire 50000.0051034000
2024-05-31Guggenheim Active Allocation Fund0.000201200
Total 0.19550.0008144582+10676+7.4%

5.3. Insider Transactions

Insiders are holding 7.146% of the shares of Meta Materials Inc.

DateOwnerTypeAmountPricePost Transaction AmountLink
2023-08-16Georgios PalikarasBUY2000000.12
2023-03-13Jonathan WaldernSELL347440.32
2023-03-13Kenneth L Rice JrSELL369080.32
2022-12-07Thomas Gordon WelchSELL1500001.12
2022-08-11Georgios PalikarasBUY840000.48
2022-06-24Thomas Gordon WelchBUY700000.65
2022-05-17Allison ChristilawBUY300000.84
2022-03-22Jonathan WaldernSELL3428640.93
2021-11-29Thomas Gordon WelchSELL980001.32
2021-11-24Steen KarsboBUY366341.87
2021-11-24Thomas Gordon WelchSELL2600002.05
2021-11-22Georgios PalikarasSELL3497022.01
2021-11-22Thomas Gordon WelchSELL160002.1
2021-11-19Georgios PalikarasSELL6868722.1
2021-11-18Jonathan WaldernSELL9428762.03
2021-11-18Thomas Gordon WelchSELL600002.15
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5. Financial Statements




5.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Gross Profit  8932261,1192,2883,4073,7577,164-31,201-24,037
Net Interest Income  -1,136-294-1,430324-1,106932-17419823



5.2. Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets59,161
Total Liabilities36,833
Total Stockholder Equity21,937
 As reported
Total Liabilities 36,833
Total Stockholder Equity+ 21,937
Total Assets = 59,161

Assets

Total Assets59,161
Total Current Assets17,396
Long-term Assets41,765
Total Current Assets
Cash And Cash Equivalents 10,302
Short-term Investments 2,876
Net Receivables 5,115
Inventory 169
Total Current Assets  (as reported)17,396
Total Current Assets  (calculated)18,462
+/- 1,066
Long-term Assets
Property Plant Equipment 19,802
Goodwill 240,377
Intangible Assets 18,030
Long-term Assets Other -302,645
Long-term Assets  (as reported)41,765
Long-term Assets  (calculated)-24,436
+/- 66,202

Liabilities & Shareholders' Equity

Total Current Liabilities23,585
Long-term Liabilities13,249
Total Stockholder Equity21,937
Total Current Liabilities
Short-term Debt 3,237
Short Long Term Debt 802
Accounts payable 10,270
Other Current Liabilities 9,022
Total Current Liabilities  (as reported)23,585
Total Current Liabilities  (calculated)23,332
+/- 253
Long-term Liabilities
Long term Debt 2,923
Capital Lease Obligations 7,427
Long-term Liabilities  (as reported)13,249
Long-term Liabilities  (calculated)10,350
+/- 2,899
Total Stockholder Equity
Common Stock543
Retained Earnings -609,012
Accumulated Other Comprehensive Income -5,455
Other Stockholders Equity 635,860
Total Stockholder Equity (as reported)21,937
Total Stockholder Equity (calculated)21,937
+/-0
Other
Capital Stock543
Cash and Short Term Investments 10,302
Common Stock Shares Outstanding 5,763
Current Deferred Revenue1,055
Liabilities and Stockholders Equity 59,161
Net Debt 1,832
Net Invested Capital 25,661
Net Working Capital -6,189
Property Plant and Equipment Gross 63,502
Short Long Term Debt Total 12,134



5.3. Balance Sheets Structured

Currency in USD. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312008-12-31
> Total Assets 
33
1,841
4,181
4,547
16,743
36,150
9,188
12,434
28,767
38,098
40,924
10,232
434,024
408,918
59,161
59,161408,918434,02410,23240,92438,09828,76712,4349,18836,15016,7434,5474,1811,84133
   > Total Current Assets 
33
279
552
164
2,251
1,180
2,007
2,990
3,166
1,522
736
2,724
131,379
22,605
17,396
17,39622,605131,3792,7247361,5223,1662,9902,0071,1802,25116455227933
       Cash And Cash Equivalents 
33
278
518
63
1,812
180
1,027
1,769
1,052
840
90
1,396
46,646
10,091
10,302
10,30210,09146,6461,396908401,0521,7691,0271801,8126351827833
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
2,876
0
2,876
2,87602,876000000000000
       Net Receivables 
0
0
17
93
430
950
942
611
739
474
550
503
1,852
7,124
5,115
5,1157,1241,852503550474739611942950430931700
       Other Current Assets 
0
1
16
8
9
50
39
610
1,375
207
96
134
3,451
366
1,810
1,8103663,451134962071,3756103950981610
   > Long-term Assets 
0
1,562
3,629
4,383
14,493
34,971
7,181
9,443
25,601
36,576
40,188
7,508
302,645
386,313
41,765
41,765386,313302,6457,50840,18836,57625,6019,4437,18134,97114,4934,3833,6291,5620
       Property Plant Equipment 
0
1,115
3,182
3,462
13,050
34,554
7,101
9,422
25,595
36,570
40,188
3,032
33,297
48,252
19,802
19,80248,25233,2973,03240,18836,57025,5959,4227,10134,55413,0503,4623,1821,1150
       Goodwill 
0
447
447
447
447
0
0
0
0
0
0
0
240,377
281,748
240,377
240,377281,748240,37700000004474474474470
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
5,231
4,477
28,972
56,313
18,030
18,03056,31328,9724,4775,2310000000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
31,875
0
0
0
00031,87500000000000
> Total Liabilities 
0
477
918
1,575
7,546
17,033
5,806
5,291
12,808
20,075
25,858
19,130
99,316
30,354
36,833
36,83330,35499,31619,13025,85820,07512,8085,2915,80617,0337,5461,5759184770
   > Total Current Liabilities 
0
477
907
982
2,719
13,053
2,485
5,284
2,279
2,199
13,962
12,395
91,639
19,675
23,585
23,58519,67591,63912,39513,9622,1992,2795,2842,48513,0532,7199829074770
       Short-term Debt 
0
185
588
51
754
8,247
335
3,478
0
0
10,977
7,190
1,155
1,450
3,237
3,2371,4501,1557,19010,977003,4783358,247754515881850
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
7,039
491
483
802
8024834917,03900000000000
       Accounts payable 
0
252
45
89
985
4,018
1,114
423
763
730
1,444
2,940
13,335
16,694
10,270
10,27016,69413,3352,9401,4447307634231,1144,01898589452520
       Other Current Liabilities 
0
40
273
841
980
787
1,036
863
997
1,469
1,541
1,025
75,522
799
9,022
9,02279975,5221,0251,5411,4699978631,036787980841273400
   > Long-term Liabilities 
0
437
11
593
4,827
3,980
3,321
7
10,529
17,876
11,895
6,734
7,677
10,679
13,249
13,24910,6797,6776,73411,89517,87610,52973,3213,9804,827593114370
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
17,862
11,872
0
2,737
3,071
0
03,0712,737011,87217,862000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
1,974
5,090
4,118
1,615
965
0
0
009651,6154,1185,0901,97400000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
324
3,254
0
03,254324000000000000
> Total Stockholder Equity
33
1,365
3,263
2,972
9,197
19,118
3,382
7,143
15,959
18,023
15,066
-8,897
334,708
378,564
21,937
21,937378,564334,708-8,89715,06618,02315,9597,1433,38219,1189,1972,9723,2631,36533
   Common Stock
0
3
5
14
16
23
33
55
63
70
76
132
263
340
543
5433402631327670635533231614530
   Retained Earnings -609,012-207,496-128,394-37,397-99,154-89,314-83,508-82,588-74,903-31,651-15,841-5,422-2,613-645-37
   Capital Surplus 
0
0
0
0
0
0
0
0
0
107,267
114,144
0
463,136
590,963
0
0590,963463,1360114,144107,267000000000
   Treasury Stock000000000000000
   Other Stockholders Equity 
70
2,007
5,871
8,933
26,226
54,675
82,266
95,131
104,947
114,113
104,303
29,023
387,636
590,963
635,860
635,860590,963387,63629,023104,303114,113104,94795,13182,26654,67526,2268,9335,8712,00770



5.4. Balance Sheets

Currency in USD. All numbers in thousands.




5.5. Cash Flows

Currency in USD. All numbers in thousands.




5.6. Income Statements

Currency in USD. All numbers in thousands.


5.7. Latest Income Statement

Income Statement (annual), 2023-12-31. Currency in USD. All numbers in thousands.

Gross Profit (+$)
totalRevenue7,843
Cost of Revenue-31,880
Gross Profit-24,037-24,037
 
Operating Income (+$)
Gross Profit-24,037
Operating Expense-0
Operating Income-24,037-24,037
 
Operating Expense (+$)
Research Development19,206
Selling General Administrative24,853
Selling And Marketing Expenses4,346
Operating Expense048,405
 
Net Interest Income (+$)
Interest Income1,016
Interest Expense-428
Other Finance Cost-565
Net Interest Income23
 
Pretax Income (+$)
Operating Income-24,037
Net Interest Income23
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-401,576-48,074
EBIT - interestExpense = -24,515
-401,576
-397,804
Interest Expense428
Earnings Before Interest and Taxes (EBIT)-24,087-401,148
Earnings Before Interest and Taxes (EBITDA)-10,565
 
After tax Income (+$)
Income Before Tax-401,576
Tax Provision--7,143
Net Income From Continuing Ops-336,269-394,433
Net Income-398,232
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses31,880
Total Other Income/Expenses Net24,037-23
 

Technical Analysis of Meta Materials Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Meta Materials Inc. The general trend of Meta Materials Inc is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Meta Materials Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-100.0%) Bearish trend (100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Meta Materials Inc.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 0.08 < 0.51 < 0.51.

The bearish price targets are: 0.061.

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Meta Materials Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Meta Materials Inc. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Meta Materials Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Meta Materials Inc. The current macd is -0.0885569.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Meta Materials Inc price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Meta Materials Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Meta Materials Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Meta Materials Inc Daily Moving Average Convergence/Divergence (MACD) ChartMeta Materials Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Meta Materials Inc. The current adx is 20.33.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Meta Materials Inc shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Meta Materials Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Meta Materials Inc. The current sar is 0.24319236.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Meta Materials Inc Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Meta Materials Inc. The current rsi is 29.35. The current phase is Oversold in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 1/(-13 +13).

  • Oversold in bear market: Short-term excessive selling, potential for relief rally. Be cautious, consider taking short-term long positions. +1
Meta Materials Inc Daily Relative Strength Index (RSI) ChartMeta Materials Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Meta Materials Inc. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Meta Materials Inc price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1