Matterport Inc. [MTTR] is -78.49% lower this YTD. Is it still time to buy?

Matterport Inc. [NASDAQ: MTTR] stock went on a downward path that fall over -3.69% on Thursday, amounting to a one-week price decrease of less than -7.11%. The company report on August 30, 2022 that Matterport Reinvents the Digital Twin with the Revolutionary Pro3 Camera and New Cloud Platform.


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Over the last 12 months, MTTR stock dropped by -72.27%. The one-year Matterport Inc. stock forecast points to a potential upside of 49.72. The average equity rating for MTTR stock is currently 2.30, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.30 billion, with 283.40 million shares outstanding and 272.41 million shares in the current float. Compared to the average trading volume of 5.79M shares, MTTR stock reached a trading volume of 3891938 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 $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.

Wolfe Research have made an estimate for Matterport Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on August 17, 2022. While these analysts kept the previous recommendation, Wedbush raised their target price from $10 to $6. The new note on the price target was released on May 03, 2022, representing the official price target for Matterport Inc. stock. Previously, the target price had yet another raise to $9, while Morgan Stanley analysts kept a Equal-Weight rating on MTTR stock.

The Average True Range (ATR) for Matterport Inc. is set at 0.37, with the Price to Sales ratio for MTTR stock in the period of the last 12 months amounting to 11.67. The Price to Book ratio for the last quarter was 1.99, with the Price to Cash per share for the same quarter was set at 1.62.

MTTR Stock Performance Analysis:

Matterport Inc. [MTTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.11. With this latest performance, MTTR shares dropped by -7.31% in over the last four-week period, additionally sinking by -38.42% over the last 6 months – not to mention a drop of -72.27% 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 43.27, with the RSI for the last a single of trading hit 37.67, and the three-weeks RSI is set at 45.80 for Matterport Inc. [MTTR]. The present Moving Average for the last 50 days of trading for this stock 4.46, while it was recorded at 4.56 for the last single week of trading, and 9.67 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 10.10 and a Current Ratio set at 10.20.

MTTR Stock EPS

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 Position Details

There are presently around $480 million, or 45.80% 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 1.40% of the total institutional ownership; BLACKROCK INC., holding 16,904,634 shares of the stock with an approximate value of $75.06 million in MTTR stocks shares; and VANGUARD GROUP INC, currently with $74.94 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 38,446,830 shares. Additionally, 110 investors decreased positions by around 9,395,037 shares, while 51 investors held positions by with 60,251,593 shares. The mentioned changes placed institutional holdings at 108,093,460 shares, according to the latest SEC report filing. MTTR stock had 76 new institutional investments in for a total of 6,472,769 shares, while 46 institutional investors sold positions of 2,833,823 shares during the same period.

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