Maris Tech Ltd (NASDAQ: MTEK) is 88.46% higher on its value in year-to-date trading and has touched a low of $0.89 and a high of $1.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MTEK stock was last observed hovering at around $1.77 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $1.96, the stock is 12.25% and 23.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.72 million and changing 10.92% at the moment leaves the stock 45.05% off its SMA200. MTEK registered 100.00% gain for a year compared to 6-month gain of 44.97%.
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The stock witnessed a 20.25% loss in the last 1 month and extending the period to 3 months gives it a 54.33%, and is 6.23% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.75% over the week and 7.24% over the month.
Maris Tech Ltd (MTEK) has around 13 employees, a market worth around $15.44M and $4.03M in sales. Profit margin for the company is -67.22%. Distance from 52-week low is 120.20% and 0.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.71%).
The shares outstanding are 7.88M, and float is at 4.55M with Short Float at 1.42%.
The top institutional shareholder in the company is AMH EQUITY LTD with over 0.45 million shares valued at $0.67 million. The investor’s holdings represent 5.7308 of the MTEK Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 0.1 million shares valued at $0.16 million to account for 1.3265 of the shares outstanding.
