As of close of business last night, Matterport Inc’s stock clocked out at $1.96, down -0.51% from its previous closing price of $1.97. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 1702611 shares were traded.
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.
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:
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 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 610.93M and an Enterprise Value of 224.04M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.86 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 1.42 whereas that against EBITDA is -1.25.
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 $1.84. The 50-Day Moving Average of the stock is 2.2923, while the 200-Day Moving Average is calculated to be 2.5680.
Shares Statistics:
It appears that MTTR traded 2.40M shares on average per day over the past three months and 2.45M shares per day over the past ten days. A total of 310.06M shares are outstanding, with a floating share count of 266.51M. Insiders hold about 14.28% of the company’s shares, while institutions hold 33.48% stake in the company. Shares short for MTTR as of Feb 15, 2024 were 8.01M with a Short Ratio of 3.34, compared to 9.71M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.58% and a Short% of Float of 2.86%.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. 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
In the current quarter, 5 analysts expect revenue to total $40.08M. 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.
