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

Practice Stock Trading Your Capital Is At Risk
Nigel Frith
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. 

new-recommended-broker-banner

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. 

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.

Should You Invest in Meta Materials Shares?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .