Matterport Inc. (MTTR): What Does Valuation Ratios Tell Us?

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Matterport Inc. (NASDAQ:MTTR) saw an upside of 0.32% to close Tuesday at $3.10 after adding $0.01 on the day. The 5-day average trading volume is 2,287,780 shares of the company’s common stock. It has gained $3.38 in the past week and touched a new high 1 time within the past 5 days. An average of 2,949,085 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,596,306.

MTTR’s 1-month performance is 16.98% or $0.53 on its low of $2.37 reached on 12/28/22. The company’s shares have touched a 52-week low of $2.37 and high of $11.09, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, MTTR has achieved 10.71% or $0.30 and has reached a new high 5 times. However, the current price is down -72.05% from the 52-week high price.

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Insider Transactions

MTTR stock investors last saw insider trading activity on Dec 02.PITTMAN RAYMOND J (Chief Executive Officer) most recently sold 243,709 shares at $3.08 per share on Dec 02. This transaction cost the insider $750,429. Chief Technology Officer, Tulsi Japjit, sold 54,110 shares at a price of $3.08 on Dec 02. Then, on Dec 02, Chief Financial Officer Fay James Daniel sold 90,124 shares at a price of $3.08 per share. This transaction amounted to $277,510.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.06 while the price-to-book (PB) in the most recent quarter is 1.47.

Matterport Inc.’s quick ratio for the period ended June 29 was 11.30, with the current ratio over the same period at 11.50.. In terms of profitability, the gross margin trailing 12 months is 42.00%. The firm’s gross profit as reported stood at $59.97 million against revenue of $111.17 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Matterport Inc.’s cash and short-term investments amounted to $405.6 million against total debt of $3.35 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$58.26 million, while revenue of -$64.63 million was -10.93% off the previous quarter. Analysts expected MTTR to announce -$0.14 per share in earnings in its latest quarter, but it posted -$0.12, representing a 14.30% surprise. EBITDA for the quarter stood at more than -$54.62 million. MTTR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 54.59 million, with total debt at $3.35 million. Shareholders hold equity totaling $287.44 million.

Let’s look briefly at Matterport Inc. (MTTR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 60.07% to suggest the stock is trending Neutral, with historical volatility in this time period at 59.47%.

The stock’s 5-day moving average is $3.06, reflecting a -2.21% or -$0.07 change from its current price. MTTR is currently trading +19.69% above its 20-day SMA, -32.75% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +18.10% and SMA200 by-59.26%.

Stochastic %K and %D was 65.10% and 63.70% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 56.75%, while the 14-day stochastic is at 67.06% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at 0.01 and 0.13 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Matterport Inc. (NASDAQ: MTTR), Deutsche Bank downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for MTTR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MTTR as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $3.00 and a high of $12.00, with their median price target at $4.50. Looking at these predictions, the average price target given by analysts is for Matterport Inc. (MTTR) stock is $5.83.

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