A Few Bright Spots In Mmtec Inc (NASDAQ: MTC)

Mmtec Inc (NASDAQ:MTC) currently has a daily average trading volume of 2.05M but it saw 106065094 shares traded in last market. With a market cap of 152.73M USD, the company’s current market price of $0.77 came rising about 63.69 while comparing to the previous closing price of $0.47. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.90 and as low as $0.24. In the recent trading on the day, stock has struck highest price mark of $0.63 while lowest mark touched by it was $0.8024.

Taking a look at 20-day trading activity of Mmtec Inc (MTC) gives us an average price of $0.3269, while its current price level is -94.06% below from 52-week high level whereas it is 218.22% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3033 while that of 200 days or SMA-200 reads an average of $1.2861. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.17% during that period while stretching the period over a month that decreases to 11.96%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 84.62 which implies that the stock is in overbought territory.

Over the week, MTC’s stock price is moving 149.80% up while it is 190.49% when we observe its performance for the past one month. Year-to-date it is -23.31% down and over the past year, the stock is showing an upside performance of 63.14%.

Currently, Mmtec Inc’s total number of outstanding shares is 199.15M. Stock’s beta reads 0.91.