Matterport Inc. [MTTR] fell -70.64% so far this year. What now?

Matterport Inc. [NASDAQ: MTTR] gained 1.34% on the last trading session, reaching $6.06 price per share at the time. The company report on August 11, 2022 that Matterport to Participate in Upcoming Investor Conferences.

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Matterport, Inc. (Nasdaq: MTTR), the spatial data company leading the digital transformation of the built world, today announced that it is scheduled to present at the following investor conferences:.

Deutsche Bank 2022 Technology ConferenceWednesday, August 31, 2022 Location: Las VegasPresentation Time: 7:30 a.m. PT.

Matterport Inc. represents 275.20 million in outstanding shares, while the company has a total market value of $1.69 billion with the latest information. MTTR stock price has been found in the range of $5.67 to $6.50.

If compared to the average trading volume of 6.46M shares, MTTR reached a trading volume of 11215210 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $8.83 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 0.50, with the Price to Sales ratio for MTTR stock in the period of the last 12 months amounting to 14.95. The Price to Book ratio for the last quarter was 2.52, with the Price to Cash per share for the same quarter was set at 1.44.

Trading performance analysis for MTTR stock

Matterport Inc. [MTTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.48. With this latest performance, MTTR shares gained by 60.32% in over the last four-week period, additionally sinking by -28.96% over the last 6 months – not to mention a drop of -60.50% 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 73.78, with the RSI for the last a single of trading hit 79.85, and the three-weeks RSI is set at 67.27 for Matterport Inc. [MTTR]. The present Moving Average for the last 50 days of trading for this stock 4.37, while it was recorded at 5.42 for the last single week of trading, and 10.89 for the last 200 days.

Matterport Inc. [MTTR]: A deeper dive into fundamental analysis

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.

Matterport Inc. [MTTR]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Matterport Inc. [MTTR]

There are presently around $631 million, or 38.20% 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 19,856,310, which is approximately -0.009% of the company’s market cap and around 1.50% of the total institutional ownership; BLACKROCK INC., holding 16,904,634 shares of the stock with an approximate value of $102.44 million in MTTR stocks shares; and VANGUARD GROUP INC, currently with $102.28 million in MTTR stock with ownership of nearly 42.042% 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 120 institutional holders increased their position in Matterport Inc. [NASDAQ:MTTR] by around 35,293,257 shares. Additionally, 121 investors decreased positions by around 18,243,452 shares, while 44 investors held positions by with 50,603,514 shares. The mentioned changes placed institutional holdings at 104,140,223 shares, according to the latest SEC report filing. MTTR stock had 71 new institutional investments in for a total of 4,454,839 shares, while 58 institutional investors sold positions of 6,187,207 shares during the same period.


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