Cormark reiterated their buy rating on shares of Meta Materials (NASDAQ:MMAT – Get Rating) in a research report released on Monday, Stock Target Advisor reports. They currently have a $3.75 price objective on the stock.
Meta Materials Price Performance
Shares of MMAT opened at 1.84 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.28 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of 1.11 and a 200 day simple moving average of 1.16. Meta Materials has a 52-week low of 0.63 and a 52-week high of 4.27.
Meta Materials (NASDAQ:MMAT – Get Rating) last released its earnings results on Wednesday, November 9th. The company reported -0.07 EPS for the quarter, missing the consensus estimate of -0.05 by -0.02. The firm had revenue of 2.46 million during the quarter, compared to the consensus estimate of 3.45 million. Meta Materials had a negative net margin of 845.99% and a negative return on equity of 25.59%. On average, sell-side analysts forecast that Meta Materials will post -0.25 EPS for the current fiscal year.
Institutional Investors Weigh In On Meta Materials
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.
- Get a free copy of the StockNews.com research report on Meta Materials (MMAT)
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