The closing price of Matterport Inc (NASDAQ: MTTR) was $1.80 for the day, down -1.10% from the previous closing price of $1.82. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 1696834 shares were traded.
Ratios:
Our analysis of MTTR’s different ratios will help us gain a deeper understanding of the company. 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.
On October 23, 2023, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $4 to $2.
Deutsche Bank Downgraded its Buy to Hold on January 23, 2023, whereas the target price for the stock was revised from $5 to $3.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 07 ’24 when PITTMAN RAYMOND J sold 2,342 shares for $1.95 per share. The transaction valued at 4,577 led to the insider holds 3,229,531 shares of the business.
Zinn Matthew sold 1,889 shares of MTTR for $3,692 on Mar 07 ’24. The Chief Legal Officer now owns 278,395 shares after completing the transaction at $1.95 per share. On Mar 07 ’24, another insider, Fay James Daniel, who serves as the Chief Financial Officer of the company, sold 698 shares for $1.95 each. As a result, the insider received 1,364 and left with 1,339,918 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 562.74M and an Enterprise Value of 175.85M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.55 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 1.11 whereas that against EBITDA is -0.98.
Stock Price History:
Over the past 52 weeks, MTTR has reached a high of $3.78, while it has fallen to a 52-week low of $1.74. The 50-Day Moving Average of the stock is 2.1675, while the 200-Day Moving Average is calculated to be 2.5198.
Shares Statistics:
MTTR traded an average of 2.45M shares per day over the past three months and 3.28M shares per day over the past ten days. A total of 310.06M shares are outstanding, with a floating share count of 266.39M. Insiders hold about 14.32% of the company’s shares, while institutions hold 33.47% stake in the company. Shares short for MTTR as of Feb 29, 2024 were 5.75M with a Short Ratio of 2.34, compared to 8.88M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.85% and a Short% of Float of 2.05%.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. 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 5 analysts recommending between $0.01 and -$0.05.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. 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 $37.99M, an estimated increase of 5.50% from the year-ago figure.
A total of 7 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 $176.09M. In the same quarter a year ago, actual revenue was $157.75M, up 11.60% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $199.21M in the next fiscal year. The high estimate is $201.82M and the low estimate is $191.32M. The average revenue growth estimate for next year is up 13.10% from the average revenue estimate for this year.
