Mega Matrix Inc (AMEX: MPU) is 0.00% lower on its value in year-to-date trading and has touched a low of $0.49 and a high of $2.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MPU stock was last observed hovering at around $2.45 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $2.16, the stock is 83.25% and 113.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing -11.84% at the moment leaves the stock 88.78% off its SMA200. MPU registered 55.40% gain for a year compared to 6-month loss of 63.64%. The firm has a 50-day simple moving average (SMA 50) of $1.014 and a 200-day simple moving average (SMA200) of $1.1444.
The stock witnessed a 149.13% gain in the last 1 month and extending the period to 3 months gives it a 195.65%, and is 44.97% 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 29.31% over the week and 19.30% over the month.
Profit margin for the company is -34.30%. Distance from 52-week low is 345.36% and -12.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.52%).
15.0 institutions hold shares in Mega Matrix Inc (MPU), with institutional investors hold 3.94% of the company’s shares. The shares outstanding are 38.12M, and float is at 33.51M with Short Float at 2.53%. Institutions hold 3.93% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 1.2 million shares valued at $2.97 million. The investor’s holdings represent 3.2316 of the MPU Shares outstanding. As of 2024-06-30, the second largest holder is GEODE CAPITAL MANAGEMENT, LLC with 0.24 million shares valued at $0.6 million to account for 0.653 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.23 million shares representing 0.6131 and valued at over $0.56 million, while STATE STREET CORP holds 0.2398 of the shares totaling 88800.0 with a market value of $0.22 million.
