Here’s Why You Should Consider Investing in Meta Materials (MMAT)

Singular Research, an investment management firm, published its October 2021 investor letter – a copy of which can be seen here. For the month of October, the Singular coverage list underperformed the S&P 500 and outperformed the Russell 2000 by (128) and 142 basis points, respectively. Over the last twelve months, the Singular coverage list outperformed the S&P 500 and Russell 2000 by 6,625 and 5,777 basis points, respectively. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Singular Research, in its Q3 2021 investor letter, mentioned Meta Materials Inc. (NASDAQ: MMAT) and discussed its stance on the firm. Meta Materials Inc. is a Dartmouth, Canada-based smart materials and photonics company with a $759.4 million market capitalization. MMAT delivered a 92.86% return since the beginning of the year, while its 12-month returns are up by 114.49%. The stock closed at $2.70 per share on December 21, 2021.

Here is what Singular Research has to say about Meta Materials Inc.  in its Q3 2021 investor letter:

“For the month, we initiated coverage on MMAT. MMAT is a company that focuses on developing high functional materials and nanocomposites for multiple industries. MMAT represents an opportunity to invest in the first Nasdaq-listed company that is focused entirely on high functional materials. These high functional materials have the potential to disrupt several industries.”

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Based on our calculations, Meta Materials Inc. (NASDAQ: MMAT) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. MMAT was in 4 hedge fund portfolios at the end of the third quarter of 2021, compared to 5 funds in the previous quarter. Meta Materials Inc. (NASDAQ: MMAT) delivered a -47.37% return in the past 3 months.

You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.