Currently, there are 322.88M common shares owned by the public and among those 278.35M shares have been available to trade.
The company’s stock has a 5-day price change of -0.38% and 10.92% over the past three months. MTTR shares are trading 11.39% year to date (YTD), with the 12-month market performance up to 120.00% higher. It has a 12-month low price of $1.73 and touched a high of $5.36 over the same period. MTTR has an average intraday trading volume of 3.30 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.86%, 5.30%, and 14.98% respectively.
Institutional ownership of Matterport Inc (NASDAQ: MTTR) shares accounts for 51.53% of the company’s 322.88M shares outstanding.
It has a market capitalization of $1.70B and a beta (3y monthly) value of 1.07. The earnings-per-share (ttm) stands at -$0.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.58% over the week and 1.73% over the month.
Earnings per share for the fiscal year are expected to increase by 78.24%, and 89.71% over the next financial year.
Looking at the support for the MTTR, a number of firms have released research notes about the stock. Northland Capital stated their Outperform rating for the stock in a research note on April 11, 2024, with the firm’s price target at $3.50. Piper Sandler was of a view on October 23, 2023 that the stock is Neutral, while Deutsche Bank gave the stock Hold rating on January 23, 2023, issuing a price target of $5- $3. Wolfe Research on their part issued Peer Perform rating on August 17, 2022.
