Metalpha Technology Holding (MATH) AI Stock Analysis

• Market Cap: $100.33M
• Dividend Yield: N/A
• Average Volume (3M): 94.69K
• Price to Earnings (P/E): 5.7
• Beta (1Y): 0.54
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 19
• Sector: N/A
• Sector Strength: N/A
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.16
• Shares Outstanding: 39,498,370
• 10 Day Avg. Volume: 56,528
• 30 Day Avg. Volume: 94,686
• PEG Ratio: 0.17
• Price to Book (P/B): 3.09
• Price to Sales (P/S): 3.11
• P/FCF Ratio: -4.49
• Enterprise Value/Market Cap: -1.88
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 9.94
• Enterprise Value/Ebitda: -29.07
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: $3.00 ▲(3.45% Upside)

Metalpha Technology Holding's stock score is primarily driven by its strong financial performance, particularly in revenue growth and profitability. However, challenges in cash flow management and bearish technical indicators weigh down the score. The stock's low P/E ratio suggests it is undervalued, offering potential for future price appreciation.

Metalpha Technology Holding Business Overview & Revenue Model

Company Description

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services. It serves institutional investors and high-net-worth individuals. The company was formerly known as Dragon Victory International Limited and changed its name to Metalpha Technology Holding Limited in November 2022. The company was incorporated in 2015 and is headquartered in Wan Chai, Hong Kong.

How the Company Makes Money

Metalpha Technology Holding generates revenue through multiple key streams. Primarily, the company earns income from transaction fees associated with its cryptocurrency trading platforms, where users pay a percentage on trades executed. Additionally, MATH offers asset management services, charging management and performance fees for managing digital asset portfolios on behalf of clients. The company may also engage in advisory services for blockchain technology implementation, which can include consulting fees. Strategic partnerships with other financial institutions and technology providers further enhance MATH's earning potential by expanding its service offerings and customer base.

Metalpha Technology Holding Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
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Operating Cash Flow
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Metalpha Technology Holding Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 2.9 is above the 20-day moving average (MA) of 2.82, below the 50-day MA of 2.93, and above the 200-day MA of 2.84, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 33.76 is Neutral, neither overbought nor oversold. The STOCH value of 9.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MATH.

Metalpha Technology Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	―	―	―	―	―	―
MATH	68 Neutral	$100.33M	5.70	59.52%	―	―	―
ASLE	57 Neutral	$327.46M	53.56	1.35%	―	-1.64%	1966.67%
SOAR	49 Neutral	$7.82M	1.02	―	―	-63.27%	―
FLYX	47 Neutral	$269.50M	-2.87	―	―	―	―
SRFM	47 Neutral	$121.43M	-0.60	―	―	-8.51%	82.15%
MESA	38 Underperform	$55.26M	-0.31	-509.71%	―	-15.06%	-119.79%

Metalpha Technology Holding Corporate Events

Metalpha Technology Completes $12 Million Private Placement

On December 5, 2025, Metalpha Technology Holding Limited announced the completion of a private placement transaction, initially disclosed on October 30, 2025. The company issued and sold 3,908,700 ordinary shares to Gortune International Investment Limited Partnership and Avenir Tech Limited, raising approximately $12 million. This transaction is expected to bolster the company’s financial position and potentially enhance its market competitiveness.

Metalpha Announces Board and Committee Changes Following Resignation

On October 31, 2025, Metalpha Technology Holding Limited announced the resignation of Mr. Kim Fung Lai from its board of directors and committees for personal reasons. The company appointed Mr. Kiyohiro Kawayanagi and Ms. Jingxin Tian to fill the vacancies, ensuring compliance with Nasdaq’s independence requirements. These changes reflect Metalpha’s ongoing commitment to strong governance and operational continuity.

Metalpha Secures $12 Million Investment to Boost Blockchain Services

On October 30, 2025, Metalpha Technology Holding Limited entered into subscription agreements with Gortune International Investment Limited Partnership and Avenir Tech Limited for a private placement of ordinary shares, raising approximately $12 million. This strategic investment aims to accelerate Metalpha’s business development initiatives, including expanding blockchain trading services and investing in digital asset technologies, thereby strengthening its market position and enhancing value for shareholders.

Metalpha Technology Appoints New Head of Institutional & IR

Metalpha Technology Holding Limited announced the conclusion of Mr. Liyang Lu’s consultancy services on August 22, 2025, as he pursues personal endeavors. Subsequently, the company appointed Ms. Isabella He as the new Head of Institutional & IR, effective September 22, 2025, leveraging her extensive experience in investor relations and investment banking to enhance global investor relations and institutional partnerships.