After finishing at $2.35 in the prior trading day, Matterport Inc. (NASDAQ: MTTR) closed at $2.28, down -2.98%. In other words, the price has decreased by -$0.0700 from its previous closing price. On the day, 2098019 shares were traded. MTTR stock price reached its highest trading level at $2.3500 during the session, while it also had its lowest trading level at $2.2500.
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Ratios:
Our goal is to gain a better understanding of MTTR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.50 and its Current Ratio is at 9.70. 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 the company, Deutsche Bank on January 23, 2023, Downgraded its rating to Hold and sets its target price to $3 from $5 previously.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 05 when Fay James Daniel sold 100,483 shares for $2.61 per share. The transaction valued at 262,653 led to the insider holds 1,142,297 shares of the business.
Remley Jay sold 63,400 shares of MTTR for $165,721 on Sep 05. The Chief Revenue Officer now owns 835,604 shares after completing the transaction at $2.61 per share. On Sep 05, another insider, Tulsi Japjit, who serves as the Chief Technology Officer of the company, sold 53,981 shares for $2.61 each. As a result, the insider received 141,101 and left with 218,132 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 686.82M and an Enterprise Value of 242.51M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.50 while its Price-to-Book (P/B) ratio in mrq is 1.23. Its current Enterprise Value per Revenue stands at 1.55 whereas that against EBITDA is -4.42.
Stock Price History:
Over the past 52 weeks, MTTR has reached a high of $4.30, while it has fallen to a 52-week low of $2.20. The 50-Day Moving Average of the stock is 2.8924, while the 200-Day Moving Average is calculated to be 2.8956.
Shares Statistics:
The stock has traded on average 2.50M shares per day over the past 3-months and 2.14M shares per day over the last 10 days, according to various share statistics. A total of 298.10M shares are outstanding, with a floating share count of 286.77M. Insiders hold about 1.20% of the company’s shares, while institutions hold 40.80% stake in the company. Shares short for MTTR as of Aug 30, 2023 were 12.03M with a Short Ratio of 12.03M, compared to 12.02M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.99% and a Short% of Float of 4.44%.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.07, while EPS last year was -$0.09. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.04 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.25 and -$0.26 for the fiscal current year, implying an average EPS of -$0.25. EPS for the following year is -$0.14, with 6 analysts recommending between -$0.1 and -$0.22.
Revenue Estimates
5 analysts predict $39.13M in revenue for the current quarter. It ranges from a high estimate of $39.43M to a low estimate of $39M. As of the current estimate, Matterport Inc.’s year-ago sales were $35.94M, an estimated increase of 8.90% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $40.24M, a decrease of -2.20% less than the figure of $8.90% in the same quarter last year. There is a high estimate of $41M for the next quarter, whereas the lowest estimate is $38.8M.
A total of 6 analysts have provided revenue estimates for MTTR’s current fiscal year. The highest revenue estimate was $157.6M, while the lowest revenue estimate was $155.79M, resulting in an average revenue estimate of $156.86M. In the same quarter a year ago, actual revenue was $136.12M, up 15.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $181.24M in the next fiscal year. The high estimate is $186.3M and the low estimate is $175.9M. The average revenue growth estimate for next year is up 15.50% from the average revenue estimate for this year.