Meta Materials (MMAT) Stock Jumps 30% in a Week: What’s The Buzz?
4:40 pm Monday, August 30th, 2021
Investors are almost always on the lookout for companies that have the potential for generating enormous growth and naturally, those stocks are known as ‘growth stocks.
One of the growth stocks to have generated considerable buzz among investors in recent times is the Meta Materials (NASDAQ:MMAT) stock. This past Friday the stock recorded considerable gains as investors piled on to it in a big and it now remains to be seen if the same happens this week. In this context, it is important to point out that the company is involved in the production of functional materials and nanocomposites, both of which have a lot of use in a range of industries. Hence, the possibilities have led to a lot of excitement among investors.
On the other hand, the eventual success of the company is going to depend on the competitive edge that it holds in terms of its scientific excellence. To that end, Meta Materials recently formed its own scientific advisory board and that has brought the stock to the attention of many investors who might be on the hunt for companies focused on innovation.
Ultimately, the long-term success and growth of the company is going to depend on the number of products that Meta Materials can add to its pipeline. If that keeps growing then it is going to create interest among more investors and might eventually lead to enormous growth in the stock price as well. Investors could do well to add the stock to their watch lists at this point.
