Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
As of close of business last night, Matterport Inc’s stock clocked out at $4.74, up 0.42% from its previous closing price of $4.72. In other words, the price has increased by $0.42 from its previous closing price. On the day, 5.35 million shares were traded. MTTR stock price reached its highest trading level at $4.785 during the session, while it also had its lowest trading level at $4.71.
Ratios:
To gain a deeper understanding of MTTR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.35 and its Current Ratio is at 9.56. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Northland Capital on April 11, 2024, initiated with a Outperform rating and assigned the stock a target price of $3.50.
Piper Sandler Downgraded its Overweight to Neutral on October 23, 2023, whereas the target price for the stock was revised from $4 to $2.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 01 ’24 when Fay James Daniel sold 25,000 shares for $2.25 per share. The transaction valued at 56,265 led to the insider holds 1,314,918 shares of the business.
PITTMAN RAYMOND J sold 2,342 shares of MTTR for $4,577 on Mar 07 ’24. The Chief Executive Officer now owns 3,229,531 shares after completing the transaction at $1.95 per share. On Mar 07 ’24, another insider, Zinn Matthew, who serves as the Chief Legal Officer of the company, sold 1,889 shares for $1.95 each. As a result, the insider received 3,692 and left with 278,395 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTTR now has a Market Capitalization of 1490782080 and an Enterprise Value of 1087016704. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.45 while its Price-to-Book (P/B) ratio in mrq is 2.78. Its current Enterprise Value per Revenue stands at 6.891 whereas that against EBITDA is -5.241.
Stock Price History:
The Beta on a monthly basis for MTTR is 1.24, which has changed by 1.1160715 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, MTTR has reached a high of $4.99, while it has fallen to a 52-week low of $1.73. The 50-Day Moving Average of the stock is 108.62%, while the 200-Day Moving Average is calculated to be 92.74%.
Shares Statistics:
It appears that MTTR traded 4.49M shares on average per day over the past three months and 13661000 shares per day over the past ten days. A total of 310.06M shares are outstanding, with a floating share count of 268.57M. Insiders hold about 14.61% of the company’s shares, while institutions hold 32.10% stake in the company. Shares short for MTTR as of 1713139200 were 8984853 with a Short Ratio of 2.00, compared to 1710460800 on 7158787. Therefore, it implies a Short% of Shares Outstanding of 8984853 and a Short% of Float of 3.2.
Earnings Estimates
The stock of Matterport Inc (MTTR) is currently drawing attention from 6.0 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.04, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.03, with high estimates of -$0.02 and low estimates of -$0.03.
Analysts are recommending an EPS of between -$0.08 and -$0.11 for the fiscal current year, implying an average EPS of -$0.09. EPS for the following year is -$0.02, with 6.0 analysts recommending between $0.01 and -$0.05.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $40.04M. It ranges from a high estimate of $40.7M to a low estimate of $39.06M. As of the current estimate, Matterport Inc’s year-ago sales were $37.99MFor the next quarter, 6 analysts are estimating revenue of $43.68M. There is a high estimate of $45.5M for the next quarter, whereas the lowest estimate is $41.52M.
A total of 8 analysts have provided revenue estimates for MTTR’s current fiscal year. The highest revenue estimate was $178.39M, while the lowest revenue estimate was $166.99M, resulting in an average revenue estimate of $175.86M. In the same quarter a year ago, actual revenue was $157.75MBased on 8 analysts’ estimates, the company’s revenue will be $199.18M in the next fiscal year. The high estimate is $201.82M and the low estimate is $191.32M.
