The stock price of Matterport Inc (NASDAQ: MTTR) has surged by 1.82 when compared to previous closing price of 4.13, but the company has seen a -5.29% decline in its stock price over the last five trading sessions. zacks.com reported 2024-08-06 that Matterport, Inc. (MTTR) came out with a quarterly loss of $0.02 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.07 per share a year ago.
Is It Worth Investing in Matterport Inc (NASDAQ: MTTR) Right Now?
MTTR has 36-month beta value of 1.08. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MTTR is 272.13M, and currently, short sellers hold a 1.85% ratio of that float. The average trading volume of MTTR on August 07, 2024 was 2.30M shares.
MTTR’s Market Performance
MTTR’s stock has seen a -5.29% decrease for the week, with a 0.84% rise in the past month and a -6.35% fall in the past quarter. The volatility ratio for the week is 3.74%, and the volatility levels for the past 30 days are at 3.40% for Matterport Inc The simple moving average for the last 20 days is -3.76% for MTTR stock, with a simple moving average of 38.08% for the last 200 days.
Analysts’ Opinion of MTTR
Many brokerage firms have already submitted their reports for MTTR stocks, with Northland Capital repeating the rating for MTTR by listing it as a “Outperform.” The predicted price for MTTR in the upcoming period, according to Northland Capital is $3.50 based on the research report published on April 11, 2024 of the current year 2024.
Piper Sandler gave a rating of “Neutral” to MTTR, setting the target price at $2 in the report published on October 23rd of the previous year.
MTTR Trading at -1.62% from the 50-Day Moving Average
After a stumble in the market that brought MTTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.73% of loss for the given period.
Volatility was left at 3.40%, however, over the last 30 days, the volatility rate increased by 3.74%, as shares surge +1.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.98% lower at present.
During the last 5 trading sessions, MTTR fell by -5.41%, which changed the moving average for the period of 200-days by +102.90% in comparison to the 20-day moving average, which settled at $4.37. In addition, Matterport Inc saw 56.32% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MTTR starting from Fay James Daniel, who proposed sale 25,000 shares at the price of $4.44 back on Aug 01 ’24. After this action, Fay James Daniel now owns shares of Matterport Inc, valued at $111,000 using the latest closing price.
Fay James Daniel, the Chief Financial Officer of Matterport Inc, sale 25,000 shares at $4.40 during a trade that took place back on Aug 01 ’24, which means that Fay James Daniel is holding 1,617,608 shares at $110,075 based on the most recent closing price.
Stock Fundamentals for MTTR
Current profitability levels for the company are sitting at:
- -1.75 for the present operating margin
- 0.47 for the gross margin
The net margin for Matterport Inc stands at -1.64. The total capital return value is set at -0.68. Equity return is now at value -55.25, with -45.65 for asset returns.
Currently, EBITDA for the company is -190.51 million with net debt to EBITDA at 0.46. When we switch over and look at the enterprise to sales, we see a ratio of 7.46. The receivables turnover for the company is 9.4for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.73.
Conclusion
To put it simply, Matterport Inc (MTTR) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
