Matterport Inc (NASDAQ: MTTR) Not A Good Play Anymore?

Matterport Inc (MTTR) concluded trading on Thursday at a closing price of $5.16, with 3.37 million shares of worth about $17.39 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.01% during that period and on January 30, 2025 the price saw a loss of about -0.39%. Currently the company’s common shares owned by public are about 322.88M shares, out of which, 280.95M shares are available for trading.

Stock saw a price change of -1.15% in past 5 days and over the past one month there was a price change of 9.32%. Year-to-date (YTD), MTTR shares are showing a performance of 8.86% which increased to 108.91% 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 $5.25 during that period. The average intraday trading volume for Matterport Inc shares is 2.79 million. The stock is currently trading 2.76% above its 20-day simple moving average (SMA20), while that difference is up 5.44% for SMA50 and it goes to 15.06% higher than SMA200.

Matterport Inc (NASDAQ: MTTR) currently have 322.88M outstanding shares and institutions hold larger chunk of about 46.67% of that.

The stock has a current market capitalization of $1.67B and its 3Y-monthly beta is at 1.07. It has posted earnings per share of -$0.82 in the same period. It has Quick Ratio of 2.72 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 1.50% while standing at 2.06% over the month.

Stock’s fiscal year EPS is expected to rise by 78.24% while it is estimated to increase by 89.71% 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.

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