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Matterport Inc. (MTTR) Volatility At 4.99%, Should You Add A Position?

Matterport Inc. (NASDAQ: MTTR) is -0.36% lower on its value in year-to-date trading and has touched a low of $2.20 and a high of $7.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MTTR stock was last observed hovering at around $2.79 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $4.00 for the next 12 months. It is also 65.12% off the consensus price target high of $8.00 offered by 6 analysts, but current levels are 7.0% higher than the price target low of $3.00 for the same period.

Currently trading at $2.79, the stock is 6.53% and 5.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing 0.00% at the moment leaves the stock -16.00% off its SMA200. MTTR registered -48.71% loss for a year compared to 6-month loss of -11.71%. The firm has a 50-day simple moving average (SMA 50) of $2.39 and a 200-day simple moving average (SMA200) of -$1.55.

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The stock witnessed a 17.72% gain in the last 1 month and extending the period to 3 months gives it a -12.13%, and is -1.41% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.99% over the week and 5.54% over the month.

Matterport Inc. (MTTR) has around 590 employees, a market worth around $867.97M and $145.60M in sales. Distance from 52-week low is 26.82% and -62.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-47.40%).

Matterport Inc. (MTTR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Matterport Inc. (MTTR) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.70, where 4 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Matterport Inc. is expected to release its quarterly report on 08/09/2023.The EPS is expected to grow by 84.80% this year

Matterport Inc. (MTTR) Top Institutional Holders

The shares outstanding are 293.07M, and float is at 276.08M with Short Float at 6.27%.

Matterport Inc. (MTTR) Insider Activity

A total of 30 insider transactions have happened at Matterport Inc. (MTTR) in the last six months, with sales accounting for 15 and purchases happening 15 times. The most recent transaction is an insider sale by Tulsi Japjit, the company’s Chief Technology Officer. SEC filings show that Tulsi Japjit sold 175,000 shares of the company’s common stock on May 17 at a price of $2.80 per share for a total of $0.49 million. Following the sale, the insider now owns 0.18 million shares.

Matterport Inc. disclosed in a document filed with the SEC on Mar 14 that Tulsi Japjit (Chief Technology Officer) sold a total of 175,000 shares of the company’s common stock. The trade occurred on Mar 14 and was made at $2.64 per share for $0.46 million. Following the transaction, the insider now directly holds 0.24 million shares of the MTTR stock.

Still, SEC filings show that on Mar 03, PITTMAN RAYMOND J (Chief Executive Officer) disposed off 69,709 shares at an average price of $2.94 for $0.2 million. The insider now directly holds 2,191,149 shares of Matterport Inc. (MTTR).

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