8/18/2023 0 Comments Torchlight stock prediction![]() ![]() Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough May 15, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. These include the alleged pump-and-dump scheme, as well as the events surrounding the former preferred MMTLP stock shares.This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. People are buzzing about Meta Materials, but perhaps they’re being distracted by certain news items. Just think about the effect this might have on MMAT stock. ![]() Meta Materials could ramp up its operations very quickly over the next 12 months. We’re talking about a 68,000-square-foot, state-of-the-art manufacturing facility. Moreover, the company recently opened its global headquarters and Centre of Excellence in Canada. Meta Materials is a premier player in this industry with hundreds of patents in the meta/functional-materials niche. It’s a global phenomenon, though, and an IDTechEx report predicts that the meta-materials market will reach $8.7 billion by 2043. It seems like the market has completely forgotten the positive news concerning Meta Materials and the industry in which it operates. We’re not even talking about a full price recovery here. Therefore, a $2 price target really isn’t too much to ask for. Yet, clear-minded investors should separate that situation from MMAT stock and its upside potential.Īstoundingly, shares of Meta Materials just surpassed the $1 level even though they started 2022 at nearly $3. ![]() It’s understandable if folks who held preferred MMTLP stock are confused or frustrated now. That situation doesn’t seem to have much bearing on Meta Materials now, however. ![]() Next Bridge shares are not trading publicly.Īlong with that soap opera, there’s the matter of Torchlight Energy, the now-defunct precursor to Meta Materials, being a target of an alleged pump-and-dump scheme. So, let’s talk about the 800-pound gorilla in the room: Meta Materials spun off oil and gas subsidiary Next Bridge Hydrocarbons by providing former Meta Materials preferred shares (MMLTP, currently unlisted) owners with shares of Next Bridge. What’s the Buzz Surrounding Meta Materials? Be aware of what traders are talking about, yes, but also focus on Meta Materials’ turnaround story, which could take the skeptics by surprise next year. It’s definitely possible, but you don’t have to wait until 2023 to take a position in Meta Materials. Is it possible, then, that the functional materials market will gain further traction next year? Consider this: The Israel Innovation Authority allocated the equivalent of $43 million to establish new consortia to support several technologies, including meta-materials. ![]()
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