Matterport Inc (NASDAQ:MTTR) shares, rose in value, with the stock price up by 0.98% to the previous day’s close as strong demand from buyers drove the stock to $2.06.
Actively observing the price movement in the last trading, the stock closed the session at $2.04. The value of beta (5-year monthly) was 1.72. Referring to stock’s 52-week performance, its high was $3.78, and the low was $1.74. On the whole, MTTR has fluctuated by 8.42% over the past month.
With the market capitalization of Matterport Inc currently standing at about $640.47 million, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.03, which is expected to increase to -$0.02 for fiscal year -$0.09 and then to about -$0.02 by fiscal year 2025. Data indicates that the EPS growth is expected to be 59.10% in 2025, while the next year’s EPS growth is forecast to be 77.80%.
Analysts have estimated the company’s revenue for the quarter at $40.08 million, with a low estimate of $39.06 million and a high estimate of $40.7 million. According to the average forecast, sales growth in current quarter could jump up 5.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $176.09 million, representing an increase of 11.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MTTR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MTTR currently trading nearly 6.30% and -3.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.86, while the 7-day volatility ratio is showing 7.39% which for the 30-day chart, stands at 5.43%. Furthermore, Matterport Inc (MTTR)’s beta value is 1.74, and its average true range (ATR) is 0.12.
A comparison of Matterport Inc (MTTR) with its peers suggests the former has fared considerably weaker in the market. MTTR showed an intraday change of 0.98% in last session, and over the past year, it shrunk by -24.54%%.
Data on historical trading for Matterport Inc (NASDAQ:MTTR) indicates that the trading volumes over the past 10 days have averaged 3.36 million and over the past 3 months, they’ve averaged 2.56 million. According to company’s latest data on outstanding shares, there are 310.06 million shares outstanding.
Nearly 14.32% of Matterport Inc’s shares belong to company insiders and institutional investors own 33.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.16 million shares as on Mar 15, 2024, resulting in a short ratio of 2.08. According to the data, the short interest in Matterport Inc (MTTR) stood at 2.30% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.01 million. The stock has fallen by -23.42% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MTTR stock heading into the next quarter.
