What Technical Indicators Show About MTTR (MTTR)?

Matterport Inc. (NASDAQ:MTTR) traded on Tuesday with an addition of $0.91 to $18.92, an upside of 5.08 percent. An average of 2,302,931 shares of common stock have been traded in the last five days. There was a fall of -$0.90 in the past week. The last 20 days have seen an average of 4,560,363 shares traded, while the 50-day average volume stands at 3,356,759.

MTTR stock has increased by 3.80% in the last month. The company shares reached their 1-month lowest point of $15.43 on 09/08/21. Shares of the company touched a low of $10.45 and a high of $28.00 in 52 weeks. In spite of this, the price is down -32.41% from the 52-week high.


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Valuation Metrics

Matterport Inc. (MTTR) has a trailing price-to-earnings (P/E) ratio of 30.66 for the broader industry and 36.51 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 42.06, the price-to-book (PB) ratio at 2.97.

The quick ratio of Matterport Inc. for the recent quarter was 0.00, and the current ratio was 0.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. Matterport Inc.’s return on assets was over the last five years.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Matterport Inc. (MTTR) price momentum. RSI 9-day as of the close on 04 October was 45.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 54.76%.

As of today, MTTR’s price is $18.69 -4.57% or -$0.90 from its 5-day moving average. MTTR is currently trading +16.70% higher than its 20-day SMA and +70.14% higher than its 100-day SMA. However, the stock’s current price level is +37.53% above the SMA50.

The stochastic %K and %D were 13.74% and 15.47%, respectively, and the average true range (ATR) was 1.43. With the 14-day stochastic at 19.72% and the average true range at 1.45, the RSI (14) stands at 49.98%. The stock has reached -1.47 on the 9-day MACD Oscillator while the 14-day reading was at -2.02.

Analyst Ratings

Berenberg launched coverage on Matterport Inc. (NASDAQ: MTTR) in its analyst report released on September 29, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Matterport Inc. (MTTR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MTTR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

What is MTTR’s price target for the next 12 months?

Analysts predict a range of price targets between $20.00 and $26.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for Matterport Inc. (MTTR) stock is $22.20.

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