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NASDAQ · Capital Markets · USD

Metalpha Technology Holding Limited (MATH) Stock Analysis

Metalpha Technology Holding Limited (MATH) is a Capital Markets stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

MATH

$1.05

−$0.02 (−1.87%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MATH Key Statistics

As of Oct 21, 2026
Trading
Open
$1.09
Previous Close
$1.07
Day's Range
1.05–1.09
52-Week Range
0.73–3.47
Volume
72.90K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
−0.71
Valuation
Market Cap
$49.91M
P/E Ratio
52.50
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
1.34
EPS (ttm)Profit attributable to each share over the last twelve months.
0.02
Financials (FY)
Revenue (FY)
$44.57M+165.86%
Net Income (FY)
$15.89M
Profit marginThe share of revenue left as profit after all costs and taxes.
3.46%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
47.54M
1-Year Return
−63.29%
Dividend and dates
Avg Volume
97.12K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, MATH closed at $1.05, −63.29% over 1 year.

Metalpha Technology Holding Limited (MATH) has a market capitalization of $49.91M.

In fiscal 2024, MATH reported revenue of $44.57M.

MATH Stock Return by Calendar Year

Metalpha Technology Holding Limited (MATH) return since Oct 2017: what $10,000 became

1 year
$10,000 $3,671
−63.29%
5 years
$10,000 $6,364
−36.36%
Since Oct 2017
$10,000 $768
−92.32%

If you had invested $10,000 in Metalpha Technology Holding Limited (MATH) at the close on October 20, 2017, the earliest close on record here, it would have been worth $768 at the close on October 21, 2026: −92.32% in total, −24.81% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−50.00%
2025+82.61%
2024−47.25%
2023+323.30%
2022−57.44%
2021−48.29%
2020+80.00%
2019+0.00%
2018−70.18%
2017 (partial year)−68.11%

As of October 21, 2026.

MATH Revenue and Earnings by Fiscal Year

FY ends March
Fiscal yearRevenueNet incomeNet margin
2024$44.57M$15.89M35.7%
2023$16.76M−$3.68M−21.9%
2022$5.69M−$20.56M−361.1%
2021$122.71K−$14.44M−11,767.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2024$44.57M$19.46M$17.95M$15.89M35.7%
2023$16.76M$4.50M$1.33M−$3.68M−21.9%
2022$5.69M$1.31M−$1.54M−$20.56M−361.1%
2021$122.71K−$483.99K−$3.25M−$14.44M−11,767.2%

Annual figures as reported, in the company's reporting currency. As of March 31, 2025.

MATH Valuation vs Capital Markets Median

Median of 100 stocks
MetricMATHCapital Markets medianvs median
P/E52.5015.663.4x the median
P/S ratio1.342.2741% below
Profit margin3.46%3.34%0.1 pts above

Medians across 100 Capital Markets stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Metalpha Technology Holding Limited (MATH) carries a market capitalisation of $49.91M. The company sits in the Financial Services sector, in the Capital Markets industry. The company reports 31 employees.

The most recent close on file for MATH is $1.05, dated October 21, 2026. That is −$0.02 (−1.87%) against the previous close. Over the past 52 weeks the price has ranged from $0.73 to $3.47. The latest close sits 43.84% above that 52-week low.

Financial Health

In fiscal 2024, Metalpha Technology Holding Limited reported revenue of $44.57M. That is +165.86% against the prior fiscal year, when revenue was $16.76M. Net income for the same year was $15.89M. The reported profit margin is 3.46%. That is 0.1 percentage points above the Capital Markets median of 3.34%. Earnings per share on a trailing basis come to 0.02.

Across the 4 fiscal years on file, revenue moves from $122.71K in 2021 to $44.57M in 2024. Of those 4 years, 1 report positive net income.

Valuation Assessment

MATH trades at a trailing price-to-earnings ratio of 52.5. That is 3.4 times the Capital Markets median of 15.66. The price-to-sales ratio is 1.34. On price-to-sales that is 40.84% below the Capital Markets median of 2.27. 100 Capital Markets companies report these metrics, and the medians quoted come from that group.

The trailing one-year total return is −63.29%. Measured over 5 years, that is −8.64% a year compounded. The reported beta is −0.71. Annualized volatility over the trailing 9 years is 107.76%.

Growth & Income

The record shows no dividend for MATH.

The strongest complete calendar year on file is 2023 at +323.30%; the weakest is 2018 at −70.18%. Of the 8 complete calendar years on file, 3 finished higher. So far in 2026 the total return is −50.00%.

Peer Comparison

Metalpha Technology Holding Limited (MATH) operates in the Capital Markets industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Metalpha Technology Holding Limited MATH $49.91M 52.5
Morgan Stanley MS $293.71B 14.8
The Goldman Sachs Group, Inc. GS $263.43B 13.0
The Charles Schwab Corporation SCHW $158.48B 15.7

The Capital Markets industry average P/E ratio is 15.7x. Metalpha Technology Holding Limited trades at a P/E of 52.5.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Metalpha Technology Holding Limited

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 of derivative products to over-the-counter clients; proprietary trading services; crypto derivative solutions, as well as enables the trading of crypto derivative products; traditional financial derivative products; and securities advisory and asset management services. The company also provides licensed 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. Metalpha Technology Holding Limited was incorporated in 2015 and is headquartered in Wan Chai, Hong Kong.

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