Are You Interested In Investing In Matterport Inc. (MTTR)? Check This Out First

As of Thursday close, Matterport Inc.’s (NASDAQ:MTTR) stock was up $0.33, moving up 7.60 percent to $4.67. The average number of shares traded per day over the past five days has been 11,254,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.65 fall in that time frame. In the last twenty days, the average volume was 7,243,330, while in the previous 50 days, it was 7,370,780.

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Since last month, MTTR stock retreated -34.04%. Shares of the company fell to $3.94 on 05/10/22, the lowest level in the past month. A 52-week high of $37.60 was reached on 01/03/22 after having rallying from a 52-week low of $3.94. Since the beginning of this year, MTTR’s stock price has dropped by -77.37% or -$15.97, and marked a new high 1 time. However, the stock has declined by -87.58% since its 52-week high.

Matterport Inc. (MTTR) last reported insider trading activity 77 days ago on Feb 25. PITTMAN RAYMOND J, the Chief Executive Officer of the company, purchased of 20,000 shares for $6.99 on Feb 25. It resulted in a $139,832 investment by the insider. PITTMAN RAYMOND J added 20,000 shares at an average price of $6.61 on Feb 24. The insider now owns 1,229,426 shares following the transaction. On Feb 24, Director Hebert Peter bought 20,000 shares at $6.38 apiece. The transaction was valued at $127,500.

Financial Health

In the three months ended September 29, Matterport Inc.’s quick ratio stood at 13.00, while its current ratio was 13.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 53.90% percent. Based on annual data, MTTR earned $59.97 million in gross profit and brought in $111.17 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -55.00%. Return on equity (ROE) for the past 12 months was -601.40%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MTTR’s revenue rose 100.0% during the quarter, while net income inched up to $111.17 million. While analysts expected Matterport Inc. to report -$0.07 quarterly earnings, the actual figure was -$0.06 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated -$46.2 million in EBITDA. The liabilities of Matterport Inc. were 451.01 million at the end of its most recent quarter ended September 29. The value of shareholders’ equity is $280.81 million.

Technical Picture

This quick technical analysis looks at Matterport Inc.’s (MTTR) price momentum. With a historical volatility rate of 118.90%, the RSI 9-day stood at 34.37% on 12 May.

With respect to its five-day moving average, the current Matterport Inc. price is down by -12.22% percent or -$0.65. At present, MTTR shares trade -36.11% below its 20-day simple moving average and -79.51% percent below its 100-day simple moving average. However, the stock is currently trading approximately -39.27% below its SMA50 and -66.31% below its SMA200.

Stochastic coefficient K was 19.50% and Stochastic coefficient D was 11.43%, while ATR was 0.55. Given the Stochastic reading of 31.26% for the 14-day period, the RSI (14) reading has been calculated as 34.41%. As of today, the MACD Oscillator reading stands at -0.58, while the 14-day reading stands at -0.88.

Analyst Ratings

Matterport Inc. downgraded its rating on Matterport Inc. (NASDAQ: MTTR) to a Neutral in a note to investors on May 03, 2022. The analysts firm previously had an Outperform rating on the stock.Matterport Inc. (MTTR) has been rated Overweight by analysts. According to 0 brokerage firms, MTTR is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Matterport Inc. stock as buy, with 5 recommending it as overweight.

With a median target price of $7.00, the current consensus forecast for the stock is $6.00 – $15.00. Based on these forecasts, analysts predict Matterport Inc. (MTTR) will achieve an average price target of $9.00.


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