Some Investing Thoughts On Matterport Inc (NASDAQ: MTTR)

Matterport Inc (MTTR) concluded trading on Wednesday at a closing price of $4.59, with 4.22 million shares of worth about $19.35 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.08% during that period and on October 23, 2024 the price saw a loss of about -4.57%. Currently the company’s common shares owned by public are about 310.06M shares, out of which, 272.05M shares are available for trading.

Stock saw a price change of -4.77% in past 5 days and over the past one month there was a price change of 2.68%. Year-to-date (YTD), MTTR shares are showing a performance of 70.63% which increased to 144.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.73 but also hit the highest price of $4.99 during that period. The average intraday trading volume for Matterport Inc shares is 1.65 million. The stock is currently trading -1.89% below its 20-day simple moving average (SMA20), while that difference is up 1.78% for SMA50 and it goes to 27.61% higher than SMA200.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Matterport Inc (NASDAQ: MTTR) currently have 310.06M outstanding shares and institutions hold larger chunk of about 44.10% of that.

The stock has a current market capitalization of $1.46B and its 3Y-monthly beta is at 1.08. It has posted earnings per share of -$0.85 in the same period. It has Quick Ratio of 2.67 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MTTR, volatility over the week remained 2.95% while standing at 2.27% over the month.

Analysts are in expectations that Matterport Inc (MTTR) stock would likely to be making an EPS of -0.01 in the current quarter, while forecast for next quarter EPS is -0.01 and it is 0.02 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.01 which is -0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 75.98% while it is estimated to increase by 128.72% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northland Capital on April 11, 2024 offering an Outperform rating for the stock and assigned a target price of $3.50 to it. On October 23, 2023, Piper Sandler Downgrade their recommendations, while on January 23, 2023, Deutsche Bank Downgrade their ratings for the stock with a price target of $3. Stock get a Peer perform rating from Wolfe Research on August 17, 2022.

Most Popular

Related Posts