Matterport Inc. [MTTR] is -79.65% lower this YTD. Is it still time to buy?

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Matterport Inc. [NASDAQ: MTTR] surged by $0.09 during the normal trading session on Thursday and reaching a high of $4.21 during the day while it closed the day at $4.20. The company report on July 28, 2022 that Matterport to Announce Fiscal 2022 Second Quarter Results on August 10, 2022.


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Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it will release its fiscal 2022 second quarter financial results on Wednesday, August 10, 2022 after market close. Matterport management will host a conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the second quarter financial results. The dial-in number will be (412) 902-4209, conference ID: 10168897.

The financial results press release and a live webcast of the conference call will be accessible from the Matterport website at investors.matterport.com. An audio webcast replay of the conference call will also be available for one year at investors.matterport.com.

Matterport Inc. stock has also loss -5.41% of its value over the past 7 days. However, MTTR stock has declined by -24.32% in the 3 months of the year. Over the past six months meanwhile, it has lost -56.07% and lost -79.65% year-on date.

The market cap for MTTR stock reached $1.27 billion, with 275.20 million shares outstanding and 270.60 million shares in the current float. Compared to the average trading volume of 6.38M shares, MTTR reached a trading volume of 3291725 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $8.57 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 2.30. 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.

Wedbush have made an estimate for Matterport Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 03, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on April 19, 2022, representing the official price target for Matterport Inc. stock. Previously, the target price had yet another raise to $14, while Deutsche Bank analysts kept a Buy rating on MTTR stock.

The Average True Range (ATR) for Matterport Inc. is set at 0.28, with the Price to Sales ratio for MTTR stock in the period of the last 12 months amounting to 11.23. The Price to Book ratio for the last quarter was 1.75, with the Price to Cash per share for the same quarter was set at 1.33.

MTTR stock trade performance evaluation

Matterport Inc. [MTTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.41. With this latest performance, MTTR shares gained by 8.53% in over the last four-week period, additionally sinking by -56.07% over the last 6 months – not to mention a drop of -69.70% 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 50.98, with the RSI for the last a single of trading hit 54.63, and the three-weeks RSI is set at 47.98 for Matterport Inc. [MTTR]. The present Moving Average for the last 50 days of trading for this stock 4.45, while it was recorded at 4.07 for the last single week of trading, and 11.68 for the last 200 days.

Matterport Inc. [MTTR]: An insightful look at the core 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 8.80 and a Current Ratio set at 8.90.

Earnings per share (EPS) analysis for Matterport Inc. [MTTR] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MTTR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Matterport Inc. go to 26.40%.

Matterport Inc. [MTTR]: Insider Ownership positions

There are presently around $333 million, or 36.90% 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 0% of the company’s market cap and around 1.20% of the total institutional ownership; VANGUARD GROUP INC, holding 11,882,193 shares of the stock with an approximate value of $49.91 million in MTTR stocks shares; and QUALCOMM INC/DE, currently with $32.12 million in MTTR stock with ownership of nearly -32.483% of the company’s market capitalization.

Positions in Matterport Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 148 institutional holders increased their position in Matterport Inc. [NASDAQ:MTTR] by around 21,808,243 shares. Additionally, 98 investors decreased positions by around 20,702,400 shares, while 31 investors held positions by with 36,891,108 shares. The mentioned changes placed institutional holdings at 79,401,751 shares, according to the latest SEC report filing. MTTR stock had 77 new institutional investments in for a total of 5,840,145 shares, while 61 institutional investors sold positions of 6,149,701 shares during the same period.

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