After finishing at $2.01 in the prior trading day, Matterport Inc (NASDAQ: MTTR) closed at $1.90, down -5.47%. In other words, the price has decreased by -$0.1100 from its previous closing price. On the day, 3928883 shares were traded. MTTR stock price reached its highest trading level at $2.0100 during the session, while it also had its lowest trading level at $1.8900.
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 9.35 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:
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 Mar 04 when PITTMAN RAYMOND J sold 72,096 shares for $2.02 per share. The transaction valued at 145,490 led to the insider holds 3,375,510 shares of the business.
Zinn Matthew sold 58,142 shares of MTTR for $117,331 on Mar 04. The Chief Legal Officer now owns 396,121 shares after completing the transaction at $2.02 per share. On Mar 04, another insider, Fay James Daniel, who serves as the Chief Financial Officer of the company, sold 21,498 shares for $2.02 each. As a result, the insider received 43,383 and left with 1,383,446 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 590.72M and an Enterprise Value of 203.83M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.74 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 1.29 whereas that against EBITDA is -1.14.
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 2.3743, while the 200-Day Moving Average is calculated to be 2.5892.
Shares Statistics:
The stock has traded on average 2.37M shares per day over the past 3-months and 3.85M shares per day over the last 10 days, according to various share statistics. A total of 310.06M shares are outstanding, with a floating share count of 265.29M. Insiders hold about 14.67% 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 3.39, 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
Its stock is currently analyzed by 5 different market 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
5 analysts predict $40.08M in revenue for the current quarter. 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.
