Matterport Inc [MTTR] stock is trading at $4.55, up 1.79%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling.
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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.
Matterport Inc [MTTR] stock has fluctuated between $1.73 and $4.99 over the past year. Currently, Wall Street analysts expect the stock to reach $6.67 within the next 12 months. Matterport Inc [NASDAQ: MTTR] shares were valued at $4.55 at the most recent close of the market. An investor can expect a potential return of 46.59% based on the average MTTR price forecast.
Analyzing the MTTR fundamentals
Matterport Inc [NASDAQ:MTTR] reported sales of 162.28M for the trailing twelve months, which represents a growth of 6.69%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at -1.12%, Pretax Profit Margin comes in at -1.64%, and Net Profit Margin reading is -1.64%. To continue investigating profitability, this company’s Return on Assets is posted at -0.47, Equity is -0.53 and Total Capital is -0.44. 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 4.46 points at the first support level, and at 4.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.62, and for the 2nd resistance point, it is at 4.68.
Ratios To Look Out For
For context, Matterport Inc’s Current Ratio is 2.73. Also, the Quick Ratio is 2.67, while the Cash Ratio stands at 0.87. Considering the valuation of this stock, the price to sales ratio is 8.95, the price to book ratio is 3.51.
Transactions by insiders
Recent insider trading involved Fay James Daniel, Chief Financial Officer, that happened on Oct 01 ’24 when 25000.0 shares were sold. Officer, Fay James Daniel completed a deal on Oct 01 ’24 to buy 25000.0 shares. Meanwhile, Chief Technology Officer Tulsi Japjit sold 29437.0 shares on Sep 04 ’24.
