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This is Why Meta Materials Stock Price is on the Rebound Once Again

Updated: 7 Oct 2021

Meta Materials (NASDAQ: MMAT), a once Reddit-favorite, appears to be on the rise once again. Following the hyped short squeeze earlier this year, the Meta Materials stock price seems to be gathering noticeable gains – proving to be much more than a meme stock. 

MMAT stock has risen 6.6% in Thursday’s early market trading; continuing the upward trend held from mid-August. The company reached highs of just under $20 in July as another victim of a Reddit surge, following its development from Torchlight energy to a focus on smart materials. 

Yet Meta Materials’ growing strength seems to be much more internal this time – specifically, the impact of the acquisition of Nonotech security, specialists in nono-optic technology, and hence a valuable asset to the long-term vision of the ‘smart materials’ innovator. 

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Again, however, there are other forces at play here. Another key reason for the MMAT stock rise is much more organic than initially perceived, with investors excited about cutting-edge electromagnetic technology to be used in 5G, health care, and solar. 

Meta Materials is compounding its potential for growth in the near future. As manufacturers and purveyors of state-of-the-art smart materials, there is significant upside potential given the future-looking market consensus. MMAT stock is currently trading at around $5.30.

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