Matterport Inc (NASDAQ:MTTR) price on Thursday, February 06, fall -0.38% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.28.
A look at the stock’s price movement, the close in the last trading session was $5.30, moving within a range at $5.25 and $5.32. The beta value (5-Year monthly) was 1.068. Turning to its 52-week performance, $5.36 and $1.73 were the 52-week high and 52-week low respectively. Overall, MTTR moved 7.76% over the past month.
Matterport Inc’s market cap currently stands at around $1.70 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 42.87M for the company’s revenue for the quarter, with a low and high estimate of 42.74M and 43M respectively. The average forecast suggests up to a 8.41% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 171.91M, representing a 8.98% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MTTR is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 2 recommend MTTR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MTTR’s current price about 3.02% and 6.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.14, while 7-day volatility ratio is 2.17% and 2.04% in the 30-day chart. Further, Matterport Inc (MTTR) has a beta value of 1.07, and an average true range (ATR) of 0.11. Analysts have given the company’s stock an average 52-week price target of $5.75, forecast between a low of $3 and high of $15. Looking at the price targets, the low is 43.18% off current price level while to achieve the yearly target high, price needs to move -184.09%. Nonetheless, investors will most likely welcome a -8.9% jump to $5.75 which is the analysts’ median price.
If we refocus on Matterport Inc (NASDAQ:MTTR), historical trading data shows that trading volumes averaged 4.25 over the past 10 days and 2.99 million over the past 3 months. The company’s latest data on shares outstanding shows there are 322.88 million shares.
The 12.99% of Matterport Inc’s shares are in the hands of company insiders while institutional holders own 46.68% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.78 million on 2025-01-15, giving us a short ratio of 1.15. The data shows that as of 2025-01-15 short interest in Matterport Inc (MTTR) stood at 130.99999 of shares outstanding, with shares short rising to 3.47 million registered in 2024-12-13. Current price change has pushed the stock 11.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MTTR stock continues to rise going into the next quarter.
