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Matterport Inc (MTTR) Is Down -23.79% in 2024 With Lots of Room to Run

Matterport Inc (NASDAQ: MTTR) is -23.79% lower on its value in year-to-date trading and has touched a low of $1.74 and a high of $3.78 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 $2.18 in the last trading session, with the day’s loss setting it -0.13%.

Currently trading at $2.05, the stock is 6.27% and -4.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.06 million and changing -5.96% at the moment leaves the stock -18.08% off its SMA200. MTTR registered -21.76% loss for a year compared to 6-month loss of -5.53%. The firm has a 50-day simple moving average (SMA 50) of $1.56 and a 200-day simple moving average (SMA200) of -$1.37.

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The stock witnessed a -3.30% gain in the last 1 month and extending the period to 3 months gives it a -23.79%, and is 13.89% up 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 8.27% over the week and 5.64% over the month.

Matterport Inc (MTTR) has around 438 employees, a market worth around $637.37M and $157.75M in sales. Profit margin for the company is -126.20%. Distance from 52-week low is 17.82% and -45.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-37.60%).

Matterport Inc quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $40.08M over the same period.The EPS is expected to grow by 62.99% this year, but quarterly earnings will post 11.60% year-over-year. Quarterly sales are estimated to grow 5.50% in year-over-year returns.

Matterport Inc (MTTR) Top Institutional Holders

290 institutions hold shares in Matterport Inc (MTTR), with institutional investors hold 47.21% of the company’s shares. The shares outstanding are 310.06M, and float is at 266.39M with Short Float at 2.69%. Institutions hold 46.27% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 23.08 million shares valued at $72.69 million. The investor’s holdings represent 7.64% of the MTTR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 21.24 million shares valued at $66.9 million to account for 7.04% of the shares outstanding. The other top investors are State Street Corporation which holds 6.01 million shares representing 1.99% and valued at over $18.95 million, while Geode Capital Management, LLC holds 1.69% of the shares totaling 5.1 million with a market value of $16.07 million.

Matterport Inc (MTTR) Insider Activity

The most recent transaction is an insider sale by Fay James Daniel,the company’sChief Financial Officer. SEC filings show that Fay James Daniel sold 25,000 shares of the company’s common stock on Apr 01 ’24 at a price of $2.25 per share for a total of $56265.0. Following the sale, the insider now owns 1.31 million shares.

Matterport Inc disclosed in a document filed with the SEC on Mar 07 ’24 that PITTMAN RAYMOND J (Chief Executive Officer) sold a total of 2,342 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $1.95 per share for $4577.0. Following the transaction, the insider now directly holds 3.23 million shares of the MTTR stock.

Still, SEC filings show that on Mar 07 ’24, Zinn Matthew (Chief Legal Officer) disposed off 1,889 shares at an average price of $1.95 for $3692.0. The insider now directly holds 278,395 shares of Matterport Inc (MTTR).

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