Currently, Matterport Inc [MTTR] is trading at $2.12, saw in change for the day. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MTTR shares have gain 2.66% over the last week, with a monthly amount drifted -9.79%, and not seem to be holding up well over a long-time horizon.
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On 27, February 2024, Matterport Chairman and CEO RJ Pittman Named Inman 2024 Power Player Underscoring The Transformative Impact Of Digital Twins On Real Estate. In a post published today on Yahoo Finance, Recognizing outstanding accomplishments across the residential real estate industry, the 2024 Inman Power Players list highlights leaders, executives, founders and innovators that are playing a key role in shaping the industry’s future.
From an analyst’s perspective:
Previously, Piper Sandler downgraded its rating to Neutral on October 23, 2023, and dropped its price target to $2. On January 23, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $3 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. Wedbush downgraded its rating to a Neutral and reduced its price target to $6 on May 03, 2022. Morgan Stanley started tracking with a Equal-Weight rating for this stock on April 19, 2022, and assigned it a price target of $9. In a note dated February 02, 2022, Deutsche Bank initiated an Buy rating and provided a target price of $14 on this stock.
This stock has fluctuated between a low of $1.84 and a high of $3.78 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $7.75 within the next 12 months. Matterport Inc [NASDAQ: MTTR] shares were valued at $2.12 at the most recent close of the market. An investor can expect a potential return of 265.57% based on the average MTTR price forecast.
Analyzing the MTTR fundamentals
Trailing Twelve Months sales for Matterport Inc [NASDAQ:MTTR] were 157.75M which represents -3.88% decline. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -1.36%, Pretax Profit Margin comes in at -1.26%, and Net Profit Margin reading is -1.26%. To continue investigating profitability, this company’s Return on Assets is posted at -0.34, Equity is -0.36 and Total Capital is -0.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.07 points at the first support level, and at 2.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.18, and for the 2nd resistance point, it is at 2.24.
Matterport Inc [MTTR] reported earnings per share of -$0.04 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.04/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.04 per share as compared to estimates of -$0.06 per share, a difference of $0.02 representing a surprise of 33.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Matterport Inc [NASDAQ:MTTR] is 9.56. Also, the Quick Ratio is 9.35, while the Cash Ratio stands at 1.87. Considering the valuation of this stock, the price to sales ratio is 4.11, the price to book ratio is 1.24.
Transactions by insiders
Recent insider trading involved Fay James Daniel, Chief Financial Officer, that happened on Feb 01 when 25000.0 shares were sold. Chief Financial Officer, Fay James Daniel completed a deal on Jan 02 to sell 25000.0 shares. Meanwhile, Chief Executive Officer PITTMAN RAYMOND J sold 0.27 million shares on Dec 04.
