Metalpha Technology Holding (MATH) AI Stock Analysis

• Market Cap: $117.04M
• Dividend Yield: N/A
• Average Volume (3M): 289.77K
• Price to Earnings (P/E): 18.6
• Beta (1Y): 0.33
• Revenue Growth: N/A
• EPS Growth: 86.23%
• Country: US
• Employees: 19
• Sector: Financial
• Sector Strength: 74
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.16
• Shares Outstanding: 38,373,370
• 10 Day Avg. Volume: 345,201
• 30 Day Avg. Volume: 289,766
• PEG Ratio: 0.36
• Price to Book (P/B): 3.26
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -24.51
• Enterprise Value/Market Cap: 0.14
• Enterprise Value/Revenue: -37.29
• Enterprise Value/Gross Profit: -0.85
• Enterprise Value/Ebitda: -0.77
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: ―

Metalpha Technology Holding demonstrates robust revenue growth and a stable balance sheet, but it struggles with profitability and negative cash flows, creating financial sustainability concerns. The technical analysis suggests current strong momentum, but caution is advised due to overbought conditions. The lack of profitability and dividend yield further dampens the stock's valuation appeal.

Metalpha Technology Holding Business Overview & Revenue Model

Company Description

Metalpha Technology Holding (MATH) is a company that operates in the technology sector, focusing on digital asset management and financial technology services. It provides innovative solutions that cater to the evolving needs of businesses and individuals in the digital currency and blockchain industry. MATH offers a range of services, including digital asset trading, custody, and financial advisory, aimed at enhancing the accessibility and efficiency of digital finance.

How the Company Makes Money

Metalpha Technology Holding makes money through various revenue streams within the digital asset and fintech space. Primarily, the company generates income by offering digital asset trading services, where it earns fees and commissions from transactions executed on its platform. Additionally, MATH provides custody solutions for digital assets, charging clients for secure storage and management of their cryptocurrency holdings. The company also offers financial advisory services, assisting clients with investment strategies and portfolio management in the digital currency market, thereby earning consulting fees. Furthermore, strategic partnerships with other fintech companies and institutions enable MATH to expand its offerings and capture additional revenue opportunities in the rapidly growing digital finance ecosystem.

Metalpha Technology Holding Financial Statement Overview

Summary

Metalpha Technology Holding shows strong revenue growth but faces ongoing profitability and cash flow challenges. The balance sheet reflects a strong cash position and manageable debt levels, which may provide some financial flexibility. However, negative operational and free cash flows pose a risk to sustainability unless profitability improves.

Income Statement

Metalpha Technology Holding has experienced significant revenue growth over the years, notably from $11,252 in 2020 to $16,763,545 in 2024, indicating robust expansion. However, the company has consistently reported net losses, with a net loss of $3,679,409 in 2024, implying profitability challenges. Gross Profit Margin for 2024 was approximately 33%, which is decent, but the negative EBIT and EBITDA margins reflect operational inefficiencies and financial stress.

Balance Sheet

The balance sheet shows a healthy cash position with $48,075,020 in cash and equivalents in 2024. The Debt-to-Equity ratio is low, indicating less reliance on debt financing, which is a positive sign of financial prudence. However, the company's equity has grown over time, reflecting improved financial stability, though the equity ratio of around 9.6% in 2024 indicates a high level of liabilities relative to assets.

Cash Flow

Cash flow from operations is negative, with a significant outflow of $11,599,148 in 2024, suggesting challenges in generating cash internally. Free cash flow is also negative, showing investment needs or operational inefficiencies. Despite this, the company has managed positive financing cash flows, partly offsetting the operational cash drain.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	16.76M	5.69M	122.71K	225.75K	11.25K
	Gross Profit
-19.00M	5.63M	2.02M	46.93K	-213.00K	11.25K
	EBIT
-22.45M	1.33M	-1.55M	-3.25M	-3.93M	-2.12M
	EBITDA
6.50M	-3.59M	-11.59M	-9.13M	-699.00K	-1.36M
	Net Income Common Stockholders
6.22M	-3.68M	-20.56M	-14.44M	-5.15M	-1.42M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
236.72M	48.08M	9.47M	5.29M	982.54K	15.93K
	Total Assets
237.22M	174.72M	56.08M	24.34M	15.63M	9.96M
	Total Debt
305.91K	5.04M	133.28K	368.75K	4.06M	63.53K
	Net Debt
-3.51M	159.83K	-6.61M	-4.92M	3.08M	47.60K
	Total Liabilities
211.90M	157.87M	47.48M	10.14M	7.08M	2.59M
	Stockholders Equity
25.32M	16.85M	8.60M	12.79M	9.16M	7.92M
Cash Flow		Free Cash Flow
-11.45M	-11.60M	-1.14M	-5.15M	-3.10M	-1.44M
	Operating Cash Flow
-16.79M	-11.60M	-1.14M	-4.86M	-3.10M	-1.44M
	Investing Cash Flow
15.90M	32.68K	-20.42K	422.89K	1.29M	739.30K
	Financing Cash Flow
8.92M	9.73M	2.60M	8.98M	3.03M	258.26K

Metalpha Technology Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MATH, the sentiment is Positive. The current price of 3.05 is below the 20-day moving average (MA) of 3.37, above the 50-day MA of 2.50, and above the 200-day MA of 1.67, indicating a neutral trend. The MACD of 0.27 indicates Positive momentum. The RSI at 47.96 is Neutral, neither overbought nor oversold. The STOCH value of 18.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MATH.

Metalpha Technology Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	$12.77B	9.78	7.84%	78.83%	12.06%	-7.99%
RIOT	62 Neutral	$3.45B	24.36	-14.71%	―	59.99%	-283.24%
MATH	54 Neutral	$117.04M	18.63	34.82%	―	―	86.23%
MARA	50 Neutral	$5.16B	9.58	-10.61%	―	40.57%	-152.87%
HUT	50 Neutral	C$2.43B	3.76	-6.53%	―	15.44%	-134.04%
BITF	47 Neutral	$606.00M	―	-16.30%	―	30.06%	46.14%
CAN	45 Neutral	$201.79M	―	-90.43%	―	65.68%	50.28%