Should Investors Trust The Upside Potential In Mmtec Inc (MTC)?

Mmtec Inc (NASDAQ:MTC) currently has a daily average trading volume of 4.73M but it saw 1066992 shares traded in last market. With a market cap of 72.55M USD, the company’s current market price of $0.36 came falling about -6.01 while comparing to the previous closing price of $0.39. 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 $0.3559 while lowest mark touched by it was $0.3874.

Taking a look at 20-day trading activity of Mmtec Inc (MTC) gives us an average price of $0.4573, while its current price level is -97.18% below from 52-week high level whereas it is 51.16% 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 $0.3474 while that of 200 days or SMA-200 reads an average of $1.2280. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.99% during that period while stretching the period over a month that increases to 18.49%. 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 46.63 which implies that the stock is in neutral territory.

Over the week, MTC’s stock price is moving -7.61% down while it is 27.56% when we observe its performance for the past one month. Year-to-date it is -63.57% down and over the past year, the stock is showing a downside performance of -67.47%.

Currently, Mmtec Inc’s total number of outstanding shares is 199.15M. Stock’s beta reads 0.89.