Last Updated: 11 Nov 2024
Executive Summary
MultiMetaVerse Holdings Limited (MMV) is an animation and entertainment company headquartered in Shanghai, China. The company has a market capitalization of $12.23 million and its shares are traded on the NASDAQ exchange. MMV's financial performance has been weak in recent quarters, with the company reporting a net loss of $25.38 million in the latest quarter. The company's stock price has also been declining, and it is currently trading at $0.37 per share.
Company Overview
MMV is an animation and entertainment company that develops, produces, and distributes animated content. The company's products include animated films, television series, and video games. MMV also provides animation services to other companies. The company's target market is children and families.
Fundamental Analysis
MMV's financial performance has been weak in recent quarters. The company reported a net loss of $25.38 million in the latest quarter, and its revenue declined by 18.2% year-over-year. The company's gross profit margin also declined, from 65.2% in the prior-year quarter to 65.2% in the latest quarter. MMV's operating expenses increased by 12.5% year-over-year, driven by higher marketing and sales expenses.
MMV's balance sheet is also weak. The company has a negative book value of $0.87 per share, and its debt-to-equity ratio is 1.25. The company's cash flow from operations is also negative, and it has been using its cash on hand to fund its operations.
Technical Analysis
MMV's stock price has been declining in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
MMV's short-term outlook is negative. The company's financial performance is weak, and its stock price is declining. The stock is also oversold, which indicates that it could continue to decline in the near term.
Long Term Outlook
MMV's long-term outlook is also negative. The company's business model is not sustainable, and it is likely to continue to lose money in the future. The company's stock price is also likely to continue to decline in the long term.
Analyst Recommendations
Analysts are bearish on MMV. The consensus analyst rating for the stock is "sell." The average analyst price target for the stock is $0.25 per share.
