Matterport Inc (NASDAQ: MTTR) is 75.46% 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 $4.75 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $4.72, the stock is -1.01% and 0.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.47 million and changing -0.63% at the moment leaves the stock 20.14% off its SMA200. MTTR registered 75.46% gain for a year compared to 6-month gain of 8.51%. The firm has a 50-day simple moving average (SMA 50) of $4.6854 and a 200-day simple moving average (SMA200) of $3.917375.
The stock witnessed a 3.74% loss in the last 1 month and extending the period to 3 months gives it a 9.77%, and is -3.28% 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 2.11% over the week and 2.49% 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 234.24. Profit margin for the company is -157.21%. Distance from 52-week low is 172.83% and -5.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-63.93%).
The EPS is expected to grow by 79.20% this year.
Matterport Inc (MTTR) Top Institutional Holders
316.0 institutions hold shares in Matterport Inc (MTTR), with institutional investors hold 61.61% of the company’s shares. The shares outstanding are 322.88M, and float is at 276.55M with Short Float at 1.33%. Institutions hold 59.72% 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 Presunka Peter, the company’s Chief Accounting Officer. SEC filings show that Presunka Peter sold 13,000 shares of the company’s common stock on Dec 02 ’24 at a price of $4.73 per share for a total of $61552.0. Following the sale, the insider now owns 0.13 million shares.
Matterport Inc disclosed in a document filed with the SEC on Dec 02 ’24 that Zinn Matthew (Chief Legal Officer) sold a total of 84,441 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $4.73 per share for $0.4 million. Following the transaction, the insider now directly holds 0.51 million shares of the MTTR stock.
Still, SEC filings show that on Dec 02 ’24, Tulsi Japjit (Chief Technology Officer) disposed off 85,015 shares at an average price of $4.73 for $0.4 million. The insider now directly holds 608,744 shares of Matterport Inc (MTTR).
