Matterport Inc (NASDAQ:MTTR) finished Wednesday with an addition of $0.01 to close at $2.17, an upside of 0.46 percent. An average of 1,995,760 shares of common stock have been traded in the last five days. There was a fall of -$0.02 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 2,034,950 shares traded, while the 50-day average volume stands at 2,198,144.
MTTR stock has decreased by -13.55% in the last month. The company shares reached their 1-month lowest point of $2.10 on 09/21/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $2.10 and a high of $4.30 in 52 weeks. It has reached a new high 9 times so far this year and lost -22.50% or -$0.63 in price. In spite of this, the price is down -49.53% from the 52-week high.
Insider Transactions
MTTR stock investors should be aware that Matterport Inc (MTTR) stock had its last reported insider trading activity 23 days ago on Sep 05. In this transaction, the insider spent $262,653. Chief Revenue Officer, Remley Jay, disposed of 63,400 shares at a price of $2.61 on Sep 05. The insider now owns more than $165,721 worth of shares. Prior to that, Chief Technology Officer Tulsi Japjit went on to Sale 53,981 shares at $2.61 each on Sep 05. An amount of $141,101 was transacted.
Valuation Metrics
Matterport Inc (MTTR) stock’s beta is 1.64. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.17, the price-to-book (PB) ratio at 1.18.
Financial Health
The quick ratio of Matterport Inc for the three months ended June 29 was 9.46, and the current ratio was 9.71, 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%, while its operating margin for the same period stands at -150.46%. Its gross profit as reported stood at $51.85 million compared to revenue of $136.12 million.
Earnings Surprise
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. 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 27 September was 24.66%, suggesting the stock is oversold, with historical volatility in this time frame at 21.87%.
As of today, MTTR’s price is $2.17 -0.91% or -$0.02 from its 5-day moving average. MTTR is currently trading -16.54% lower than its 20-day SMA and -10.70% lower than its 100-day SMA. However, the stock’s current price level is -36.36% below the SMA50 and -23.05% below the SMA200.
The stochastic %K and %D were 15.35% and 14.23%, respectively, and the average true range (ATR) was 0.10. With the 14-day stochastic at 14.99% and the average true range at 0.11, the RSI (14) stands at 28.32%. The stock has reached -0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.12.
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 $3.50 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 $4.80.
