Matterport Inc (NASDAQ: MTTR) has seen a decline in its stock price by -0.34 in relation to its previous close of 4.44. However, the company has experienced a 2.19% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-22 that BOSTON, Aug. 22, 2024 /PRNewswire/ — This press release concerns Matterport (NASDAQ: MTTR) and valuable claims which some of its past and present shareholders may have against Matterport. In July 2021, Matterport’s predecessor, Legacy Matterport, became a public corporation via a business combination transaction with a SPAC.
Is It Worth Investing in Matterport Inc (NASDAQ: MTTR) Right Now?
Company’s 36-month beta value is 1.08.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for MTTR is 272.71M, and currently, short sellers hold a 1.65% ratio of that floaft. The average trading volume of MTTR on August 28, 2024 was 2.08M shares.
MTTR’s Market Performance
MTTR’s stock has seen a 2.19% increase for the week, with a 0.34% rise in the past month and a 1.96% gain in the past quarter. The volatility ratio for the week is 2.31%, and the volatility levels for the past 30 days are at 3.02% for Matterport Inc The simple moving average for the past 20 days is 4.49% for MTTR’s stock, with a 38.06% simple moving average for the past 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 3.47% 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 -11.32% of loss for the given period.
Volatility was left at 3.02%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares sank -0.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.65% upper at present.
During the last 5 trading sessions, MTTR rose by +2.42%, which changed the moving average for the period of 200-days by +81.02% in comparison to the 20-day moving average, which settled at $4.23. In addition, Matterport Inc saw 64.50% 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 sale 25,000 shares at the price of $4.40 back on Aug 01 ’24. After this action, Fay James Daniel now owns 1,617,608 shares of Matterport Inc, valued at $110,075 using the latest closing price.
Fay James Daniel, the Officer of Matterport Inc, proposed sale 25,000 shares at $4.44 during a trade that took place back on Aug 01 ’24, which means that Fay James Daniel is holding shares at $111,000 based on the most recent closing price.
Stock Fundamentals for MTTR
Current profitability levels for the company are sitting at:
- -1.12 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 -0.44. Equity return is now at value -55.25, with -45.65 for asset returns.
Based on Matterport Inc (MTTR), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -45.96. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -58.59.
Currently, EBITDA for the company is -190.51 million with net debt to EBITDA at 0.76. When we switch over and look at the enterprise to sales, we see a ratio of 7.94. 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
In a nutshell, Matterport Inc (MTTR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
