As of Wednesday close, Matterport Inc.’s (NASDAQ:MTTR) stock was up $0.08, moving up 3.08 percent to $2.68. The average number of shares traded per day over the past five days has been 1,377,620 shares. 2 times new highs have been achieved over the past 5 days, with a $0.07 gain in that time frame. In the last twenty days, the average volume was 2,345,335, while in the previous 50 days, it was 2,482,816.
Since last month, MTTR stock retreated -22.99%. Shares of the company fell to $2.33 on 08/18/23, the lowest level in the past month. A 52-week high of $4.77 was reached on 02/02/23 after having rallying from a 52-week low of $2.20. Since the beginning of this year, MTTR’s stock price has dropped by -4.29% or -$0.12, and marked a new high 9 times. However, the stock has declined by -43.82% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
MTTR stock investors should be aware that Matterport Inc. (MTTR) stock had its last reported insider trading activity 14 days ago on Aug 17. Krikorian Jason, the Director of the company, purchased of 100,000 shares for $2.46 on Aug 17. It resulted in a $245,940 investment by the insider. Hebert Peter added 50,000 shares at an average price of $2.50 on Aug 16. The insider now owns 279,793 shares following the transaction. On Jul 12, Chief Revenue Officer Remley Jay sold 40,000 shares at $3.54 apiece. The transaction was valued at $141,488.
Valuation Metrics
The stock’s beta is 1.61. Besides these, the trailing price-to-sales (P/S) ratio of 5.13, the price-to-book (PB) ratio of 1.45.
Financial Health
In the three months ended June 29, Matterport Inc.’s quick ratio stood at 9.50, while its current ratio was 9.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 38.70% percent. Based on annual data, MTTR earned $51.85 million in gross profit and brought in $136.12 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 -47.40%. Return on equity (ROE) for the past 12 months was -39.60%.
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 26.9% to $37.99 million during the quarter, while net income inched up to $38.96 million. While analysts expected Matterport Inc. to report -$0.08 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated -$55.83 million in EBITDA. The liabilities of Matterport Inc. were 53.23 million at the end of its most recent quarter ended June 29, and its total debt was $1.31 million. The value of shareholders’ equity is $301.24 million.
Technical Picture
This quick technical analysis looks at Matterport Inc.’s (MTTR) price momentum. With a historical volatility rate of 41.16%, the RSI 9-day stood at 51.09% on 30 August.
With respect to its five-day moving average, the current Matterport Inc. price is up by +2.68% percent or $0.07. At present, MTTR shares trade -17.54% below its 20-day simple moving average and -1.47% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.55% below its SMA50 and -11.55% below its SMA200.
Stochastic coefficient K was 54.61% and Stochastic coefficient D was 35.44%, while ATR was 0.15. Given the Stochastic reading of 87.50% for the 14-day period, the RSI (14) reading has been calculated as 45.85%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at 0.05.
Analyst Ratings
Matterport Inc. downgraded its rating on Matterport Inc. (NASDAQ: MTTR) to a Hold in a note to investors on January 23, 2023. The analysts firm previously had a Buy rating on the stock.Matterport Inc. (MTTR) has been rated Overweight by analysts. According to 0 brokerage firms, MTTR is a sell, and 4 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 2 recommending it as overweight.
With a median target price of $4.00, the current consensus forecast for the stock is $3.50 – $8.00. Based on these forecasts, analysts predict Matterport Inc. (MTTR) will achieve an average price target of $4.80.
