Matterport Inc (NASDAQ: MTTR) is 76.95% higher on its value in year-to-date trading and has touched a low of $1.73 and a high of $4.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MTTR stock was last observed hovering at around $4.83 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $4.76, the stock is 1.57% and 3.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.75 million and changing -1.45% at the moment leaves the stock 26.20% off its SMA200. MTTR registered 95.08% gain for a year compared to 6-month gain of 6.25%. The firm has a 50-day simple moving average (SMA 50) of $4.5934 and a 200-day simple moving average (SMA200) of $3.759675.
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The stock witnessed a -0.83% loss in the last 1 month and extending the period to 3 months gives it a 11.21%, and is -1.45% 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 2.78% over the week and 2.61% over the month.
Matterport Inc (MTTR) has around 438 employees, a market worth around $1.52B and $165.43M in sales. Fwd P/E is 313.57. Profit margin for the company is -161.05%. Distance from 52-week low is 175.14% and -4.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-65.50%).
The EPS is expected to grow by 75.98% this year
318.0 institutions hold shares in Matterport Inc (MTTR), with institutional investors hold 60.61% of the company’s shares. The shares outstanding are 310.06M, and float is at 272.05M with Short Float at 1.27%. Institutions hold 58.73% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 26.03 million shares valued at $116.35 million. The investor’s holdings represent 8.3161 of the MTTR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 23.12 million shares valued at $103.33 million to account for 7.3851 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.68 million shares representing 2.1342 and valued at over $29.86 million, while MAGNETAR FINANCIAL LLC holds 1.9725 of the shares totaling 6.17 million with a market value of $27.6 million.
Matterport Inc (MTTR) Insider Activity
The most recent transaction is an insider sale by Fay James Daniel, the company’s Chief Financial Officer. SEC filings show that Fay James Daniel sold 25,000 shares of the company’s common stock on Oct 01 ’24 at a price of $4.47 per share for a total of $0.11 million. Following the sale, the insider now owns 1.52 million shares.
Still, SEC filings show that on Sep 04 ’24, Tulsi Japjit (Chief Technology Officer) disposed off 29,437 shares at an average price of $4.36 for $0.13 million. The insider now directly holds 556,953 shares of Matterport Inc (MTTR).
