Forecast: Matterport Inc. (NASDAQ: MTTR) Stock Will Go Down -7.41% In 2021 – Stocks Register
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Forecast: Matterport Inc. (NASDAQ: MTTR) Stock Will Go Down -7.41% In 2021

Matterport Inc. (NASDAQ:MTTR) price is hovering higher on Monday, September 13, jumping 2.30% above its previous close.

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A look at today’s price movement shows that the recent level at last check reads $18.20, with intraday deals fluctuating between $17.70 and $19.30. Taking into account the 52-week price action we note that the stock hit a 52-week high of $28.00 and 52-week low of $10.45. The stock added 18.64% on its value in the past month.


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Matterport Inc., which has a market valuation of $4.12 billion, is expected to release its quarterly earnings report Aug 11, 2021. Analysts tracking MTTR have forecast the quarterly EPS to shrink by -0.07 per share this quarter, while the same analysts predict the annual EPS to hit -$0.22 for the year 2021 and up to -$0.21 for 2022.

On average, analysts have forecast the company’s revenue for the quarter will hit $29.09 million, with the likely lows of $28.97 million and highs of $29.39 million. Staying with the analyst view, there is a consensus estimate of $118.5 million for the company’s annual revenue in 2021.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned MTTR a recommendation rating as follows: 0 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Matterport Inc. (MTTR) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that MTTR’s price is at present 18.88% off the SMA20 and 23.72% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 64.66, with weekly volatility standing at 11.62%. The indicator jumps to 8.10% when calculated based on the past 30 days. Matterport Inc. (NASDAQ:MTTR)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.34. Considering analysts have assigned the stock a price target range of $20.00-$22.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $20.50. Based on this estimate, we see that today’s price at last check is roughly -7.41% off the estimated low and -18.15% off the forecast high. Investors will no doubt be excited to see the share price fall to $20.00, which is the median consensus price, and at that level MTTR would be -7.41% from recent price.

An analysis of the Matterport Inc. (NASDAQ:MTTR) stock in terms of its daily trading volume indicates that the 3-month average is 1.84 million.

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Current records show that the company has 43.12M in outstanding shares. The insiders’ percentage holdings are 0.10% of outstanding shares while the percentage share held by institutions stands at 4.30%. But the 69.13% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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