Matterport Inc. [NASDAQ: MTTR] loss -2.65% on the last trading session, reaching $2.57 price per share at the time. The company report on March 14, 2023 that Matterport Expands Platform Integrations with Autodesk Construction Cloud to Transform Complex and Costly Site Review Processes For Construction Sector.
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Matterport digital twins provide precise, photorealistic 3D views of job sites to reduce errors and speed the RFI process in Autodesk Construction Cloud.
Matterport Inc. represents 289.15 million in outstanding shares, while the company has a total market value of $781.72 million with the latest information. MTTR stock price has been found in the range of $2.52 to $2.61.
If compared to the average trading volume of 3.21M shares, MTTR reached a trading volume of 4288254 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 $4.85 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 2.70. 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 Hold, with their previous recommendation back on January 23, 2023. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on August 17, 2022, representing the official price target for Matterport Inc. stock. Previously, the target price had yet another drop from $10 to $6, while Wedbush kept a Neutral rating on MTTR stock.
The Average True Range (ATR) for Matterport Inc. is set at 0.19, with the Price to Sales ratio for MTTR stock in the period of the last 12 months amounting to 5.74. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 1.55.
Trading performance analysis for MTTR stock
Matterport Inc. [MTTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.76. With this latest performance, MTTR shares dropped by -24.85% in over the last four-week period, additionally sinking by -42.63% over the last 6 months – not to mention a drop of -61.30% 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 33.15, with the RSI for the last a single of trading hit 27.72, and the three-weeks RSI is set at 37.51 for Matterport Inc. [MTTR]. The present Moving Average for the last 50 days of trading for this stock 3.15, while it was recorded at 2.65 for the last single week of trading, and 3.72 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 -200.40 and a Gross Margin at +38.09. Matterport Inc.’s Net Margin is presently recorded at -81.79.
Return on Equity for this stock declined to -26.13, with Return on Assets sitting at -16.38.
Matterport Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.30 and a Current Ratio set at 10.60.
An analysis of insider ownership at Matterport Inc. [MTTR]
There are presently around $252 million, or 40.80% of MTTR stock, in the hands of institutional investors. The top three institutional holders of MTTR stocks are: VANGUARD GROUP INC with ownership of 19,667,971, which is approximately 11.412% of the company’s market cap and around 1.20% of the total institutional ownership; BLACKROCK INC., holding 18,049,262 shares of the stock with an approximate value of $46.39 million in MTTR stocks shares; and DCM INTERNATIONAL VI, LTD., currently with $45.36 million in MTTR stock with ownership of nearly -11.111% of the company’s market capitalization.
Positions in Matterport Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 113 institutional holders increased their position in Matterport Inc. [NASDAQ:MTTR] by around 9,958,131 shares. Additionally, 106 investors decreased positions by around 9,405,856 shares, while 51 investors held positions by with 78,746,499 shares. The mentioned changes placed institutional holdings at 98,110,486 shares, according to the latest SEC report filing. MTTR stock had 53 new institutional investments in for a total of 3,598,359 shares, while 45 institutional investors sold positions of 5,152,919 shares during the same period.