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Metalpha Technology Holding
(NASDAQ:MATH)
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Rating:53Neutral
Price Target:
$0.78
▼(-73.03% Downside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by unstable operating performance (FY2026 revenue at zero and large operating losses) and weak technical trends (price below key moving averages with negative MACD). A conservative balance sheet and a recent rebound in cash flow provide some support, while valuation appears only moderate with no dividend yield and elevated earnings quality uncertainty.
Positive Factors
Conservative Balance Sheet
Low leverage and expanding equity provide financial flexibility and reduce solvency risk. This conservative capital structure can help Metalpha withstand volatility in digital-asset markets while funding operations and product development.
Negative Factors
Highly Volatile Operating Results
Sharp swings in revenue and operating profit make earnings quality difficult to assess and weaken visibility over the core business. Slightly positive net income despite operating losses also raises concern that non-operating items may drive reported results.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and expanding equity provide financial flexibility and reduce solvency risk. This conservative capital structure can help Metalpha withstand volatility in digital-asset markets while funding operations and product development.
Read all positive factors
Metalpha Technology Holding (MATH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$37.16M
Dividend YieldN/A
Average Volume (3M)64.99K
Price to Earnings (P/E)19.9
Beta (1Y)1.03
Revenue GrowthN/A
EPS Growth-89.59%
CountryUS
Employees31
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.04
Shares Outstanding47,113,235
10 Day Avg. Volume107,650
30 Day Avg. Volume64,987
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)0.93
Price to Sales (P/S)0.00
P/FCF Ratio0.65
Enterprise Value/Market Cap>-0.01
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Metalpha Technology Holding Business Overview & Revenue Model
Company Description
Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. It offers digital asset-based wealth management services; executes cryptocurrency-related transactions, including the issuance o...
How the Company Makes Money
null...
Metalpha Technology Holding Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
73
Positive
Cash Flow
60
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Sep 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 44.57M | 16.76M | 5.69M | 122.71K |
| Gross Profit | -21.99M | 21.30M | 5.63M | 2.02M | 46.93K |
| EBITDA | -35.53M | 16.13M | -3.59M | -11.59M | -9.13M |
| Net Income | 1.28M | 15.89M | -3.68M | -20.56M | -14.44M |
Balance Sheet | |||||
| Total Assets | 485.57M | 246.77M | 174.72M | 56.08M | 24.34M |
| Cash, Cash Equivalents and Short-Term Investments | 465.14M | 20.70M | 48.08M | 9.47M | 5.29M |
| Total Debt | 536.56K | 212.69K | 5.04M | 133.28K | 368.75K |
| Total Liabilities | 432.58M | 210.21M | 157.87M | 47.48M | 10.14M |
| Stockholders Equity | 52.99M | 36.56M | 16.85M | 8.60M | 12.79M |
Cash Flow | |||||
| Free Cash Flow | 75.73M | 24.68K | -11.60M | -1.14M | -5.15M |
| Operating Cash Flow | 75.73M | 71.99K | -11.60M | -1.14M | -4.86M |
| Investing Cash Flow | 144.50K | -23.31K | 32.68K | -20.42K | 422.89K |
| Financing Cash Flow | 11.79M | 2.11M | 9.73M | 2.60M | 8.98M |
Metalpha Technology Holding Technical Analysis
Negative
2.90
Price Trends
0.93
Negative
1.00
Negative
1.51
Negative
Market Momentum
-0.05
Positive
42.12
Neutral
15.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MATH, the sentiment is Negative. The current price of 2.9 is above the 20-day moving average (MA) of 0.87, above the 50-day MA of 0.93, and above the 200-day MA of 1.51, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 42.12 is Neutral, neither overbought nor oversold. The STOCH value of 15.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MATH.
Metalpha Technology Holding Risk Analysis
Metalpha Technology Holding disclosed 45 risk factors in its most recent earnings report. Metalpha Technology Holding reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Metalpha Technology Holding Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
53 Neutral | $37.16M | 19.87 | 19.45% | ― | ― | -89.59% | |
52 Neutral | $8.36M | -0.26 | -158.66% | ― | -67.20% | ― | |
50 Neutral | $265.36M | -107.96 | -0.54% | ― | -13.38% | -155.45% | |
47 Neutral | $89.02M | -0.34 | 182.56% | ― | 3.14% | 48.61% | |
46 Neutral | $133.73M | -1.64 | 7.78% | ― | 16.15% | 32.19% |
* Financial Sector Average
MATH
Metalpha Technology Holding
0.79
-2.09
-72.64%
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SOAR
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SRFM
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0.72
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Metalpha Technology Holding Corporate Events
Metalpha Nearly Doubles Total Assets in FY2026 as It Files Latest Annual Report
Aug 6, 2026
Metalpha Technology Holding reported audited financial results for the fiscal year ended March 31, 2026, highlighting resilience amid volatile digital asset markets. The company generated $37.1 million in revenue, remained consistently profitable ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.