Matterport Inc. [NASDAQ: MTTR] stock went on an upward path that rose over 17.59% on Tuesday, amounting to a one-week price increase of more than 12.50%. The company report on March 22, 2022 that Damen Shipyards Uses Matterport Digital Twins to Accelerate Workflow and Enhance the Customer Experience.
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Global shipbuilding giant incorporates digital twins to improve connection between company designers and customers, improving approval workflow, construction precision, and customer satisfaction.
Over the last 12 months, MTTR stock dropped by -28.11%. The one-year Matterport Inc. stock forecast points to a potential upside of 38.94. The average equity rating for MTTR stock is currently 1.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.81 billion, with 245.93 million shares outstanding. Compared to the average trading volume of 11.70M shares, MTTR stock reached a trading volume of 15779632 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Matterport Inc. [MTTR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MTTR shares is $15.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MTTR stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Deutsche Bank have made an estimate for Matterport Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 02, 2022. While these analysts kept the previous recommendation, Berenberg raised their target price to Buy. The new note on the price target was released on September 29, 2021, representing the official price target for Matterport Inc. stock. Previously, the target price had yet another raise to $20, while Credit Suisse analysts kept a Outperform rating on MTTR stock.
The Average True Range (ATR) for Matterport Inc. is set at 0.68, with the Price to Sales ratio for MTTR stock in the period of the last 12 months amounting to 25.30. The Price to Book ratio for the last quarter was 8.59, with the Price to Cash per share for the same quarter was set at 1.35.
MTTR Stock Performance Analysis:
Matterport Inc. [MTTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.50. With this latest performance, MTTR shares gained by 26.32% in over the last four-week period, additionally sinking by -52.49% over the last 6 months – not to mention a drop of -28.11% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MTTR stock in for the last two-week period is set at 61.82, with the RSI for the last a single of trading hit 71.72, and the three-weeks RSI is set at 53.27 for Matterport Inc. [MTTR]. The present Moving Average for the last 50 days of trading for this stock 8.21, while it was recorded at 8.27 for the last single week of trading, and 16.26 for the last 200 days.
Insight into Matterport Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Matterport Inc. [MTTR] shares currently have an operating margin of -132.92 and a Gross Margin at +53.22. Matterport Inc.’s Net Margin is presently recorded at -304.08.
Return on Equity for this stock declined to -115.78, with Return on Assets sitting at -63.44.
Matterport Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 13.00 and a Current Ratio set at 13.10.
Matterport Inc. [MTTR] Insider Position Details
There are presently around $606 million, or 36.20% of MTTR stock, in the hands of institutional investors. The top three institutional holders of MTTR stocks are: DCM INTERNATIONAL VI, LTD. with ownership of 19,858,056, which is approximately New of the company’s market cap and around 1.00% of the total institutional ownership; QUALCOMM INC/DE, holding 11,325,988 shares of the stock with an approximate value of $90.16 million in MTTR stocks shares; and TIGER GLOBAL MANAGEMENT LLC, currently with $59.7 million in MTTR stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Matterport Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 152 institutional holders increased their position in Matterport Inc. [NASDAQ:MTTR] by around 47,333,915 shares. Additionally, 56 investors decreased positions by around 10,534,036 shares, while 20 investors held positions by with 18,287,934 shares. The mentioned changes placed institutional holdings at 76,155,885 shares, according to the latest SEC report filing. MTTR stock had 100 new institutional investments in for a total of 40,927,271 shares, while 32 institutional investors sold positions of 8,400,567 shares during the same period.