Will meta materials stock go up9/14/2023 Basically, MMAT is a cheap hidden gem that truly has moonshot potential. The company isn’t yet fully understood or appreciated by financial traders. MMAT stock has the makings of a $10 stock. The company’s current market cap sizes up at around $550 million. That’s just one part of the company, so there’s no reason why Meta Materials shouldn’t have a much larger market capitalization than it has right now. These applications include materials for 5G network connectivity, electric vehicles (EVs), the medical, aerospace and energy markets, the Internet of Things (IoT) and advanced driver assistance systems (ADASs).īesides this, MMAT skeptics should also observe that Meta Materials received $4.3 million worth of purchase orders for its nano-optic security business. The main idea here is that Meta Materials’ nanocomposites and functional materials will be needed in the future for many different use cases. There’s also a much longer investor presentation if you want to delve further into the details. It’s really not hard to understand, though the company even provides a two-page document that sums things up quite nicely. The downturn in MMAT stock is probably a function of people’s lack of knowledge about what exactly Meta Materials produces. Traders Probably Don’t Understand Meta Materials’ Business According to Meta Materials, it’s “one of the first companies to develop proprietary roll-to-roll production equipment to produce large area, high volume nanocomposites.” This means the company can get needed materials to market quickly - and in large quantities. Plus, the company is an early and ambitious mover. Believe it or not, the company has 288 issued patents and 450 “active patent documents.” In fact, Meta Materials is decisively staking its claim in this niche market. nanocomposites and functional materials industry. This seems like an injustice, as the company is one of very few pure plays on the U.S. Still, the shares have lost an excessive amount of value since that time.Īs of early November, shares are holding just above $1 per share. Perhaps this was a result of meme-stock mania. InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s Perplexing That MMAT Stock Is FallingĪstonishingly, MMAT stock was worth $12 per share at one point last summer.
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