Check out these key findings about MMTec Inc. (MTC)

MMTec Inc. (NASDAQ: MTC) stock jumped 15.50% on Monday to $1.10 against a previous-day closing price of $0.95. With 0.88 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.14 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.3000 whereas the lowest price it dropped to was $0.9333. The 52-week range on MTC shows that it touched its highest point at $8.29 and its lowest point at $0.61 during that stretch. Beta for the stock currently stands at 2.55.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MTC was up-trending over the past week, with a rise of 17.40%, but this was up by 69.23% over a month. Three-month performance dropped to -16.03% while six-month performance fell -35.67%. The stock lost -82.54% in the past year, while it has gained 41.94% so far this year.

Float and Shares Shorts:

At present, 3.14 million MTC shares are outstanding with a float of 1.91 million shares on hand for trading. On Oct 13, 2022, short shares totaled 36970.0, which was 1.18% higher than short shares on Sep 14, 2022. In addition to Mr. Xiangdong Wen as the firm’s Chairman & CEO, Mr. Min Kong serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 4.84% of MTC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.92% of MTC, in contrast to 0.09% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in MTC with 2.91% of the stake, Ayrton Capital LLC holds 91,228 shares worth 91,228. A second-largest stockholder of MTC, Millennium Management LLC, holds 43,552 shares, controlling over 1.39% of the firm’s shares. Jane Street Capital LLC is the third largest shareholder in MTC, holding 19,160 shares or 0.61% stake. With a 0.09% stake in MTC, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 2,683 shares are owned by the mutual fund manager.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MTC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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