Matterport Inc [MTTR] stock prices are up 7.89% to $2.05 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MTTR shares have lost -0.49% over the last week, with a monthly amount glided 6.22%, and seem to be holding up well over a long-time horizon.
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On 2, April 2024, Matterport Surpasses One Million Subscribers, Extending Its Industry Leadership in Digital Twin Technology with Compelling SaaS Growth. In a post published today on Yahoo Finance, With 75x subscriber growth in just 5 years, the milestone reflects the company’s 3D capture ubiquity and SaaS-driven digital twin platform strategy.
From an analyst’s perspective:
Matterport Inc [NASDAQ: MTTR] stock has seen the most recent analyst activity on April 11, 2024, when Northland Capital initiated its Outperform rating and assigned the stock a price target of $3.50. On October 23, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $2 on the stock. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $3 on January 23, 2023. Wolfe Research initiated its recommendation with a Peer Perform. Wedbush downgraded its rating to Neutral for this stock on May 03, 2022, and downed its price target to $6. In a note dated April 19, 2022, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $9 on this stock.
The stock price of Matterport Inc [MTTR] has been fluctuating between $1.74 and $3.78 over the past year. Currently, Wall Street analysts expect the stock to reach $6.9 within the next 12 months. Matterport Inc [NASDAQ: MTTR] shares were valued at $2.05 at the most recent close of the market. An investor can expect a potential return of 236.59% based on the average MTTR price forecast.
Analyzing the MTTR fundamentals
The Matterport Inc [NASDAQ:MTTR] reported sales of 157.75M for trailing twelve months, representing a drop of -3.88%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 1.9700 points at the first support level, and at 1.9000 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.1000, and for the 2nd resistance point, it is at 2.1600.
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
It’s worth pointing out that Matterport Inc [NASDAQ:MTTR]’s Current Ratio is 9.56. As well, the Quick Ratio is 9.35, while the Cash Ratio is 1.87. Considering the valuation of this stock, the price to sales ratio is 4.04, the price to book ratio is 1.20.
Transactions by insiders
Recent insider trading involved Fay James Daniel, Chief Financial Officer, that happened on Apr 01 ’24 when 25000.0 shares were sold. Chief Executive Officer, PITTMAN RAYMOND J completed a deal on Mar 07 ’24 to sell 2342.0 shares. Meanwhile, Chief Legal Officer Zinn Matthew sold 1889.0 shares on Mar 07 ’24.
