Matterport Inc. (MTTR): Find Out What Insiders Are Doing

Matterport Inc. (NASDAQ:MTTR) finished Wednesday with an addition of $0.37 to close at $20.13, an upside of 1.87 percent. An average of 3,420,980 shares of common stock have been traded in the last five days. There was a gain of $1.87 in the past week. The last 20 days have seen an average of 4,003,020 shares traded, while the 50-day average volume stands at 3,470,898.

MTTR stock has increased by 9.11% in the last month. The company shares reached their 1-month lowest point of $17.53 on 10/04/21. 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 -28.11% from the 52-week high.


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Valuation Metrics

Matterport Inc. (MTTR) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.24 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 46.70, the price-to-book (PB) ratio at 3.32.

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 not 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.

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 13 October was 57.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.72%.

As of today, MTTR’s price is $19.77 +10.24% or $1.87 from its 5-day moving average. MTTR is currently trading +1.92% higher than its 20-day SMA and +45.24% higher than its 100-day SMA. However, the stock’s current price level is +34.20% above the SMA50.

The stochastic %K and %D were 37.07% and 34.25%, respectively, and the average true range (ATR) was 1.20. With the 14-day stochastic at 45.22% and the average true range at 1.29, the RSI (14) stands at 56.52%. The stock has reached 0.71 on the 9-day MACD Oscillator while the 14-day reading was at 0.33.

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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