offended market participants. Something weird is definitely impacting the stock price
last year Meta Materials saw its revenue grow by 150%. That's well above most other pre-profit companies. So the hefty 84% share price crash makes us think the company has somehow offended market participants. Something weird is definitely impacting the stock price; we'd venture the company has destroyed value somehow. We'd recommend taking a very close look at the stock (and any available forecasts), before considering a purchase, because the share price is not correlated with the revenue growth, that's for sure. Of course, markets do over-react so share price drop may be too harsh
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Derpy Trades : Revenue was a little over a million for the year while loss was over 20 million. There doesn't have to be anything "weird" going on for the price to go down when they're burning through capital while simultaneously not getting new contracts.
102901339 : I recommend u take a very close look at their overall financials instead of revenue growth.
70897002 : A law suit against naked short sellers is pending
htxjoe : Stock price rarely follows financial statements, period. ie GameStop, AMC, Tesla - the list goes on forever. I believe the “castle in the clouds” approach to stock valuations far exceed the use of any other methods. Morningstar does a great job putting together a fair market value for a stock - unfortunately over 90% of the time it’s way off or a decade too soon…
htxjoe 70897002 : That even sounds like a full time hobby - “naked short selling” , I bet a lot of investors practice this method literally…..
70897002 : Hedge funds and Wall Street do it rampantly