Meta Materials Has Room to Fall Before it Hits a Reasonable Price
Meta Materials Has Room to Fall Before it Hits a Reasonable Price
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
InvestorPlace-股市新聞、股票諮詢和交易提示
Since I last wrote about it, Meta Materials (NASDAQ:MMAT) stock traded sideways. Yet that doesn’t mean the oil and gas turned metamaterials play has bottomed out following its post-meme collapse.
自從我上一次寫到這件事以來，元材料(納斯達克股票代碼：MMAT)股票橫盤交易。然而，這並不意味着石油和天然氣轉變為超材料的遊戲在後迷因崩潰後已經觸底。
As you may recall, shares in the former Torchlight Energy shot “to the moon,” ahead of a reverse merger that created the entity we are talking about today. At the height of the frenzy, MMAT stock hit a split adjusted high of $21.76 per share.
你可能還記得，前火炬之光能源公司(Torchlight Energy)的股票“飛向月球”，之後進行了反向合併，創建了我們今天所説的實體。在狂熱的高峯期，MMAT股票觸及每股21.76美元的拆分調整後高點。
Now down more than 85% off its high, some may see it as a bargain at $3.55 per share. But as before, the stock still trades at a price far above its fair value. Today’s price fails to discount for the risk its long-term possibilities fail to pan out.
現在從高點下跌了85%以上，一些人可能會認為這是每股3.55美元的便宜貨。但和以前一樣，該股的交易價格仍遠高於其公允價值。今天的價格沒有考慮到其長期可能性無法實現的風險。
Meta Materials has come a long way since shifting its focus away from oil and gas. It is currently working on projects for a number of fields. Its work ranges from potential de-icing and de-fogging technologies for aerospace projects to augmented reality applications for prescription eyeglasses.
自將重點從石油和天然氣轉移以來，Meta Materials已經走過了很長一段路。它目前正在多個領域開展項目。它的工作範圍從航空航天項目的潛在除冰和除霧技術到處方眼鏡的增強現實應用。
- 7 Materials Stocks Ready to Supply the Infrastructure Boom
- 7個材料庫存準備好供應基礎設施熱潮
Some may see MMAT stock, which last month was one the most talked about on Reddit’s r/WallStreetBets subreddit, as a name that could rally again.
有些人可能會看到MMAT股票，這是上個月談論最多的股票之一Reddit‘sR/WallStreetBets subreddit，作為一個可能再次重振旗鼓的名字。
Why MMAT Stock Isn’t Worth $929 Million Today
為什麼MMAT股票今天不值9.29億美元
Dive into its financials and it’s clear Meta Materials still trades at an inflated valuation. Currently, the company generates only around $600,000 per quarter in sales ($2.4 million annualized). Compare that to its current market capitalization of around $929 million.
深入研究其財務狀況，很明顯Meta Material的估值仍然過高。目前，該公司每季度的銷售額僅為60萬美元左右(摺合成年率為240萬美元)。相比之下，該公司目前的市值約為9.29億美元。
Given the long-term potential for its metamaterials technology, it makes sense for MMAT stock to sport some sort of valuation premium. Metamaterials are set to see steadily increasing demand over the next few years. These electromagnetic materials can be used to develop products in demand with numerous fast-growing industries.
考慮到其超材料技術的長期潛力，MMAT股票出現某種估值溢價是有意義的。未來幾年，超材料的需求將穩步增長。這些電磁材料可以用來開發許多快速發展的行業需要的產品。
These include products for use in lidar driving systems, as well as for use with 5G communications. There’s also its big opportunity in the world of health care, as seen with its development of a non-invasive glucose monitoring device.
這些產品包括用於激光雷達驅動系統的產品，以及用於5G通信的產品。它在醫療保健領域也有很大的機會，正如它開發的一種非侵入性血糖監測設備所看到的那樣。
What’s the issue valuing Meta Materials at $929 million? This valuation fails to take into account other variables.
Meta Materials估值9.29億美元的問題是什麼？這一估值沒有考慮到其他變數。
For one, years away from hitting big success with these products, some sort of discount needs to be applied. Also, as InvestorPlace’s Mark Hake discussed late last month, it’ll likely endure heavy cash burn before Meta Materials’ business starts to scale up. As it ceases to trade based on online hype, expect these factors to become more top of mind, which in turn will put more downward pressure on shares.
首先，要想在這些產品上大獲成功還需要數年時間，因此需要採取某種形式的折扣。此外，作為InvestorPlace‘s馬克·海克上月底曾討論過，在Meta Materials的業務開始擴大之前，它可能會經歷嚴重的現金消耗。隨着該公司停止基於在線炒作的交易，預計這些因素將成為人們更關注的問題，這反過來將給股價帶來更大的下行壓力。
It’s Best To Look Elsewhere
最好去別處看看。
Buying MMAT stock today makes little sense if you’re buying based on its fundamentals. But that’s not the only way some people may approach it. Even as the meme stock trend has again gone into standby mode, some may believe another wave is just around the corner.
如果你是根據MMAT的基本面買入，那麼現在買入MMAT股票就沒有什麼意義了。但這並不是一些人解決問題的唯一途徑。即使表情包的趨勢再次進入待機狀態，一些人可能會認為另一波浪潮即將到來。
Will another wave happen? There is a chance that the meme stock/Reddit stock trend isn’t going anywhere. But will that provide any boost for Meta Materials shares? It’s questionable.
會不會出現另一波浪潮？表情包股票/Reddit股票趨勢有可能不會有任何進展。但這會提振Meta Materials的股價嗎？這是值得懷疑的。
Much like some of the other also-ran Reddit stocks, I don’t see this becoming an AMC Entertainment (NYSE:AMC), GameStop (NYSE:GME), or even something like Clover Health (NASDAQ:CLOV). There isn’t enough popularity as a meme stock to keep MMAT stock elevated.
就像其他一些表現不佳的Reddit股票一樣，我認為這不會成為AMC娛樂公司(紐約證券交易所代碼：AMC)，遊戲停止紐約證券交易所代碼：GME)，甚至類似於三葉草健康(納斯達克市場代碼：CLOV)。沒有足夠的人氣作為模因庫存來保持MMAT庫存的上漲。
If we see a third meme stock wave, don’t count on investors piling back in to MMAT stock. If you’re looking for a stock that will soar again if this trend carries on, you’re better off sticking to the names at the top of the r/WallStreetBets Trackers list.
如果我們看到了第三波表情包股票浪潮，不要指望投資者會大舉買入MMAT股票。如果你正在尋找一隻如果這種趨勢繼續下去還會再次飆升的股票，你最好還是堅持使用r/WallStreetBets追蹤者名單中排名最靠前的股票。
There’s Still Little Reason to Buy Meta Materials
購買Meta Material的理由仍然很少
Meta Materials shares are overvalued, and its chances of soaring again on another meme stock wave are up for debate. But you may still think it has room to bounce back, thanks to its most recent announcement. I’m referring to news of its acquisition of nano-optic security products company Nanotech Security (OTCMKTS:NTSFF).
Meta Materials的股價被高估了，它在另一波表情包股票浪潮中再次飆升的可能性還有待討論。但你可能仍然認為，多虧了它最近的聲明，它仍有反彈的空間。我指的是它收購納米光學安全產品公司的消息。納米技術安全(OTCMKTS：NTSFF)。
Deploying the cash it raised from dilutive secondary offerings into new acquisitions is likely a wise move. It could help soften the blow as the hype around this stock continues to fade. But considering Nanotech Security, like the Meta Materials itself, generates just a few million in sales and is operating in the red, I don’t see this the deal as moving the needle here.
將其通過稀釋二次發行籌集的資金用於新的收購很可能是明智之舉。隨着圍繞該股的炒作繼續消退，這可能有助於減輕打擊。但考慮到Nanotech Security，就像Meta Materials本身一樣，只產生了幾百萬美元的銷售額，而且處於虧損狀態，我不認為這筆交易是在推動事態的發展。
Bottom line: with its valuation still too high, and its low chances of benefiting from a continuation of the meme stock phenomenon, investors should stay away from MMAT stock.
一句話：由於MMAT的估值仍然過高，而且其從表情包股票現象延續中獲益的機率很低，投資者應該遠離MMAT股票。
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
關於細價股和低成交量股票： 除了極少數例外，不會發布關於市值低於1億美元或每天交易量低於100,000股的公司的評論。這是因為這些“廉價股”經常是詐騙藝術家和市場操縱者的遊樂場。如果我們確實發佈了可能受我們的評論影響的低成交量股票的評論，我們要求 InvestorPlace.com該書的作者披露了這一事實，並警告讀者其中的風險。
Read More: Penny Stocks — How to Profit Without Getting Scammed
閲讀更多內容： 細價股-如何在不上當的情況下獲利
On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
在出版之日，託馬斯·尼爾沒有(直接或間接)持有本文所述證券的任何頭寸。本文中表達的觀點是作者的觀點，受InvestorPlace.com發佈指南的約束。
Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.
託馬斯·尼爾(Thomas Niel)，InvestorPlace.com，自2016年以來一直在為基於網絡的出版物撰寫單一股票分析。
The post Meta Materials Has Room to Fall Before it Hits a Reasonable Price appeared first on InvestorPlace.
Meta Materials在觸及合理價格之前有下跌的空間，這一帖子首次出現在InvestorPlace上。
譯文內容由第三人軟體翻譯。