Matterport Inc. (NASDAQ:MTTR) finished Thursday with an addition of $0.03 to close at $2.71, an upside of 1.12 percent. An average of 3,515,360 shares of common stock have been traded in the last five days. There was a fall of -$0.57 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 2,534,230 shares traded, while the 50-day average volume stands at 3,586,864.
MTTR stock has decreased by -25.41% in the last month. The company shares reached their 1-month lowest point of $2.65 on 08/10/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $2.20 and a high of $7.45 in 52 weeks. It has reached a new high 9 times so far this year and lost -3.04% or -$0.09 in price. In spite of this, the price is down -63.53% from the 52-week high.
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Insider Transactions
MTTR stock investors should be aware that Matterport Inc. (MTTR) stock had its last reported insider trading activity 30 days ago on Jul 12. In this transaction, the insider spent $141,488. Chief Executive Officer, PITTMAN RAYMOND J, disposed of 299,910 shares at a price of $2.66 on Jun 02. The insider now owns more than $798,600 worth of shares. Prior to that, Chief Financial Officer Fay James Daniel went on to Sale 93,093 shares at $2.66 each on Jun 02. An amount of $247,888 was transacted.
Valuation Metrics
Matterport Inc. (MTTR) stock’s beta is 1.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.71, the price-to-book (PB) ratio at 1.39.
Financial Health
The quick ratio of Matterport Inc. for the three months ended June 29 was 10.60, and the current ratio was 10.80, 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 quarter ending June 29. Matterport Inc.’s EBITDA margin for the year ending June 29 is -190.63%. Its gross profit as reported stood at $51.85 million compared to revenue of $136.12 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Matterport Inc.’s return on assets was -36.30%.
Earnings Surprise
For the three-month period that ended June 29, Matterport Inc. had $363.3 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$56.54 million in the quarter, while revenues of -$53.84 million were shrunk -14.31%. The analyst consensus anticipated Matterport Inc.’s latest quarter earnings to come in at -$0.08 per share, but it turned out to be -$0.07, a 12.50% surprise. For the quarter, EBITDA amounted to -$55.83 million. At the end of the quarter ending June 29, Matterport Inc.’s stock balance sheet showed total liabilities of 53.23 million. Shareholders own equity worth $301.24 million.
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 10 August was 28.73%, suggesting the stock is oversold, with historical volatility in this time frame at 91.44%.
As of today, MTTR’s price is $2.99 -17.23% or -$0.57 from its 5-day moving average. MTTR is currently trading -25.82% lower than its 20-day SMA and +1.69% higher than its 100-day SMA. However, the stock’s current price level is -6.38% below the SMA50 and -21.08% below the SMA200.
The stochastic %K and %D were 19.93% and 20.48%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 7.65% and the average true range at 0.20, the RSI (14) stands at 34.93%. The stock has reached -0.31 on the 9-day MACD Oscillator while the 14-day reading was at -0.34.
Analyst Ratings
Deutsche Bank downgraded Matterport Inc. (NASDAQ: MTTR) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Matterport Inc. (MTTR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MTTR, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 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 $3.00 and $8.00, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for Matterport Inc. (MTTR) stock is $4.70.
