As of Thursday close, Matterport Inc.’s (NASDAQ:MTTR) stock was down -$0.02, moving down -0.91 percent to $2.17. The average number of shares traded per day over the past five days has been 2,713,680 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.24 fall in that time frame. In the last twenty days, the average volume was 1,945,335, while in the previous 50 days, it was 2,257,022.
Since last month, MTTR stock retreated -13.20%. Shares of the company fell to $2.10 on 09/21/23, the lowest level in the past month. A 52-week high of $4.30 was reached on 02/02/23 after having rallying from a 52-week low of $2.18. Since the beginning of this year, MTTR’s stock price has dropped by -22.50% or -$0.63, and marked a new high 9 times. However, the stock has declined by -49.53% since its 52-week high.
MTTR stock investors should be aware that Matterport Inc. (MTTR) stock had its last reported insider trading activity 17 days ago on Sep 05. Fay James Daniel, the Chief Financial Officer of the company, disposed of 100,483 shares for $2.61 on Sep 05. It resulted in a $262,653 divestment by the insider. Remley Jay sold 63,400 shares at an average price of $2.61 on Sep 05. The insider now owns 835,604 shares following the transaction. On Sep 05, Chief Technology Officer Tulsi Japjit sold 53,981 shares at $2.61 apiece. The transaction was valued at $141,101.
Valuation Metrics
The stock’s beta is 1.63. Besides these, the trailing price-to-sales (P/S) ratio of 4.28, the price-to-book (PB) ratio of 1.17.
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 10.22%, the RSI 9-day stood at 16.34% on 21 September.
With respect to its five-day moving average, the current Matterport Inc. price is down by -9.96% percent or -$0.24. At present, MTTR shares trade -16.86% below its 20-day simple moving average and -6.87% percent below its 100-day simple moving average. However, the stock is currently trading approximately -40.38% below its SMA50 and -30.45% below its SMA200.
Stochastic coefficient K was 6.76% and Stochastic coefficient D was 6.28%, while ATR was 0.10. Given the Stochastic reading of 10.94% for the 14-day period, the RSI (14) reading has been calculated as 24.79%. As of today, the MACD Oscillator reading stands at -0.13, while the 14-day reading stands at -0.21.
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.
