Matterport Inc. (NASDAQ:MTTR) saw an upside of 2.04% to close Tuesday at $2.50 after adding $0.05 on the day. The 5-day average trading volume is 2,635,360 shares of the company’s common stock. It has gained $2.60 in the past week and touched a new high 1 time within the past 5 days. An average of 2,613,115 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,103,636.
MTTR’s 1-month performance is -22.84% or -$0.78 on its low of $2.33 reached on 08/18/23. The company’s shares have touched a 52-week low of $2.20 and high of $4.87, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, MTTR has lost -10.71% or -$0.30 and has reached a new high 9 times. However, the current price is down -48.67% from the 52-week high price.
Insider Transactions
MTTR stock investors last saw insider trading activity on Aug 17.Remley Jay (Chief Revenue Officer) most recently sold 40,000 shares at $3.54 per share on Jul 12. This transaction cost the insider $141,488. Chief Executive Officer, PITTMAN RAYMOND J, sold 299,910 shares at a price of $2.66 on Jun 02. Then, on Jun 02, Chief Financial Officer Fay James Daniel sold 93,093 shares at a price of $2.66 per share. This transaction amounted to $247,888.
Valuation Metrics
MTTR stock has a beta of 1.65. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.67 while the price-to-book (PB) in the most recent quarter is 1.35.
Matterport Inc.’s quick ratio for the period ended June 29 was 9.50, with the current ratio over the same period at 9.70.. In terms of profitability, the gross margin trailing 12 months is 38.70%. The trailing 12-month EBITDA margin is -190.63%. The firm’s gross profit as reported stood at $51.85 million against revenue of $136.12 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -14.31% to -$56.54 million, while revenue of -$53.84 million was 4.78% off the previous quarter. Analysts expected MTTR to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.07, representing a 12.50% surprise. EBITDA for the quarter stood at more than -$55.83 million. MTTR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 53.23 million, with total debt at $1.31 million. Shareholders hold equity totaling $301.24 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 22 August was 30.62% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.43%.
The stock’s 5-day moving average is $2.46, reflecting a -3.47% or -$0.09 change from its current price. MTTR is currently trading -24.47% above its 20-day SMA, -6.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -13.19% and SMA200 by-19.61%.
Stochastic %K and %D was 13.68% and 9.37% and the average true range (ATR) pointed at 0.15. The RSI (14) points at 33.71%, while the 14-day stochastic is at 16.91% with the period’s ATR at 0.16. The stock’s 9-day MACD Oscillator is pointing at -0.08 and -0.28 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 2 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 $3.50 and a high of $8.00, with their median price target at $4.00. Looking at these predictions, the average price target given by analysts is for Matterport Inc. (MTTR) stock is $4.80.
