Would It Be A Good Move Today To Sell Matterport Inc. (MTTR) Stock?

As of Thursday close, Matterport Inc.’s (NASDAQ:MTTR) stock traded at $4.79. The average number of shares traded per day over the past five days has been 2,991,820 shares. 5 times new highs have been achieved over the past 5 days, with a $0.59 gain in that time frame. In the last twenty days, the average volume was 3,068,395, while in the previous 50 days, it was 5,345,232.

Since last month, MTTR stock rose 24.42%. Shares of the company fell to $3.51 on 07/05/22, 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 $3.51. Since the beginning of this year, MTTR’s stock price has dropped by -76.79% or -$15.85, and marked a new high 1 time. However, the stock has declined by -87.26% since its 52-week high.

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Matterport Inc. (MTTR) last reported insider trading activity 52 days ago on Jun 14. Tulsi Japjit, the Chief Technology Officer of the company, disposed of 60,000 shares for $3.89 on Jun 14. It resulted in a $233,460 divestment by the insider. Fay James Daniel sold 225,627 shares at an average price of $5.09 on Jun 08. The insider now owns 523,470 shares following the transaction. On Jun 07, Chief Financial Officer Fay James Daniel sold 74,373 shares at $5.03 apiece. The transaction was valued at $373,873.

Financial Health

In the three months ended March 30, Matterport Inc.’s quick ratio stood at 8.80, while its current ratio was 8.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 48.90% 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 -104.60%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MTTR’s revenue rose 100.0% to $111.17 million during the quarter, while net income inched up to $28.51 million. While analysts expected Matterport Inc. to report -$0.14 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by 28.60%. During the quarter, the company generated -$81.53 million in EBITDA. The liabilities of Matterport Inc. were 62.26 million at the end of its most recent quarter ended March 30, and its total debt was $3.65 million. The value of shareholders’ equity is $281.95 million.

Technical Picture

This quick technical analysis looks at Matterport Inc.’s (MTTR) price momentum. With a historical volatility rate of 53.60%, the RSI 9-day stood at 71.90% on 04 August.

With respect to its five-day moving average, the current Matterport Inc. price is up by +14.05% percent or $0.59. At present, MTTR shares trade +13.24% above its 20-day simple moving average and -31.67% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.95% below its SMA50 and -73.92% below its SMA200.

Stochastic coefficient K was 90.03% and Stochastic coefficient D was 87.58%, while ATR was 0.29. Given the Stochastic reading of 85.22% for the 14-day period, the RSI (14) reading has been calculated as 62.96%. As of today, the MACD Oscillator reading stands at 0.36, while the 14-day reading stands at 0.40.

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 $5.00 – $15.00. Based on these forecasts, analysts predict Matterport Inc. (MTTR) will achieve an average price target of $8.57.


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