Meta Materials Stock – Fundamental Analysis If bulls manage to keep pushing the price higher near this date, chances are that the stock may experience further pronounced upticks as stock brokers will be forced to hedge their exposure amid an extremely low put/call ratio that is currently sitting at 0.13.Ĭomment volume on the stock has remained relatively high within the popular Reddit messaging board Wall Street Bets, with total comments about MMAT currently accounting for 5% of the total as of this morning.Īs a result of this continuous elevated interest on the stock, chances are that further purchases of out-of-the-money call options on the stock may push its price higher a few days before the expiration of the next options contract. Moving forward, the stock may continue to be significantly volatile ahead of the expiration of its 09/07 weekly options and especially so once that date approaches. This latest positive momentum has effectively broken the descending triangle formation shown in the chart above and may be signaling a full-blown trend reversal for MMAT stock amid the increased participation of retail traders who may have pulled another short squeeze on this small company.Īccording to data from Market Beat, short interest for Meta Materials stands at 7.65 million shares or 3.2% of the stock’s total float – a relatively low figure that may not be enough to sustain a prolonged uptick in MMAT.

Over 80 million shares exchanged hands on that day – a number that exceeded the 10-day average by nearly 5 times. The past six sessions have been quite volatile for Meta Materials stock as volumes have surged above the 10-day average in all of them including a pronounced uptick that took place on 30 August.īack then, the share price rose as much as 29.5% at $5.8 per share at some point during the session to then settled much lower at $4.42 for a 7% daily gain.

Meta Materials Stock – Technical Analysis Meta Materials (MMAT) price chart – 1-day candles with multiple indicators – Source: TradingView

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Meta materials stock