MMAT stock has the makings of a $10 stock. The company isn’t yet fully understood or appreciated by financial traders. Basically, MMAT is a cheap hidden gem that truly has moonshot potential. This doesn’t mean that you have to load up on shares of Meta Materials. Instead, it makes more sense to start with a small position.
Why is MMAT stock up so much today?
With MMAT stock up so much today on no material news, its movement could be explained by shorts covering in a low short interest environment. On top of that, a mixed shelf registration could further discourage the possibility of a significant short squeeze. On Nov. 9, Meta Materials filed for a mixed shelf worth up to $250 million.
Should you invest in MMAT stock?
But if you can handle the volatility, investing in MMAT stock should provide some material rewards over the long run. Astonishingly, MMAT stock was worth $12 per share at one point last summer. Perhaps this was a result of meme-stock mania. Still, the shares have lost an excessive amount of value since that time.
