Matterport Inc (NASDAQ:MTTR) traded at $4.74 at close of the session on Monday, April 29, made an upward move of 0.42% on its previous day’s price.
Looking at the stock we see that its previous close was $4.72. In terms of its 52-week price range, MTTR has a high of $4.99 and a low of $1.73. The company’s stock has gained about 109.73% over that past 30 days.
Matterport Inc has a market cap of $1.49 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.03, with the EPS growth for the year raised at -$0.09 for 2024 and -$0.02 for next year. These figures represent 59.10% and 77.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $40.04 million, with a low of $39.06 million and a high of $40.7 million. The median projection represents growth squeezing down to 5.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $175.86 million, or 11.50% up from figures reported last year.
On the other hand, looking at the outlook for the MTTR stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is 79.85% off its SMA20 and 108.62% from its 50-day simple moving average. The RSI (14) is pointing at 82.69 while the volatility over the past week is 3.48% and jumps to 6.83% over the past one month. The beta value is 1.24, while the average true range (ATR) is currently pointing at 0.28.
Coming back to Matterport Inc (NASDAQ:MTTR), we note that the average 3-month trading volume was 4.49 million. Current shares outstanding are 310.06 million.
The insiders hold 14.61% of the company’s shares while institutions hold 32.10%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 76.21% up in year-to-date price movement.
