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Should You Invest in Meta Materials Shares? The stock has declined 30. MMAT stock is currently trading at around $5.30. (MMAT) is a Canada-based smart materials and photonics company engaged in developing and manufacturing a wide range of functional materials and nanocomposites.On June 28, 2021, the company went public through a reverse takeover deal with the energy company Torchlight Energy Resources. As manufacturers and purveyors of state-of-the-art smart materials, there is significant upside potential given the future-looking market consensus. The company has an average price target of 6.60. MMAT has an average analyst recommendation of Buy. During this period of time, the stock fell as low as 1.58 and as high as 2.95. Meta Materials is compounding its potential for growth in the near future. Meta Materials Inc has fallen 41.48 over the past month, closing at 2.64 on December 30. 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. 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.Īgain, however, there are other forces at play here. 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. METAs Advanced Materials and Battery Products group will continue joint development, licensing, and manufacturing scale-up of Optodots technology in partnership with leading OEMs. MMAT stock has risen 6.6% in Thursday’s early market trading continuing the upward trend held from mid-August.