Metalla Royalty and Streaming Ltd (AMEX: MTA) is 16.23% higher on its value in year-to-date trading and has touched a low of $2.32 and a high of $3.65 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 MTA stock was last observed hovering at around $3.18 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $3.58, the stock is 9.95% and 20.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 12.58% at the moment leaves the stock 20.58% off its SMA200. MTA registered 25.17% gain for a year compared to 6-month loss of 10.49%. The firm has a 50-day simple moving average (SMA 50) of $2.981 and a 200-day simple moving average (SMA200) of $2.96905.
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The stock witnessed a 18.54% gain in the last 1 month and extending the period to 3 months gives it a 16.23%, and is 10.15% 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 5.05% over the week and 4.50% over the month.
Metalla Royalty and Streaming Ltd (MTA) has around 8 employees, a market worth around $328.46M and $4.79M in sales. Fwd P/E is 716.00. Profit margin for the company is -150.83%. Distance from 52-week low is 54.31% and -1.92% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.86%).
Metalla Royalty and Streaming Ltd quarterly earnings per share for the current quarter are estimated at 0.0.The EPS is expected to grow by 52.27% this year, but quarterly earnings will post 34.30% year-over-year.
54.0 institutions hold shares in Metalla Royalty and Streaming Ltd (MTA), with institutional investors hold 15.71% of the company’s shares. The shares outstanding are 90.88M, and float is at 72.54M with Short Float at 1.40%. Institutions hold 13.55% of the Float.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 4.49 million shares valued at $12.47 million. The investor’s holdings represent 8.4922 of the MTA Shares outstanding. As of 2024-06-30, the second largest holder is EURO PACIFIC ASSET MANAGEMENT, LLC with 4.42 million shares valued at $12.2 million to account for 8.3628 of the shares outstanding. The other top investors are MERK INVESTMENTS LLC which holds 0.45 million shares representing 0.8516 and valued at over $1.25 million, while HORIZON KINETICS ASSET MANAGEMENT LLC holds 0.7566 of the shares totaling 0.4 million with a market value of $1.11 million.
