Northland Capital has recently initiated Matterport Inc (MTTR) stock to Outperform rating, as announced on April 11, 2024, according to Finviz. Earlier, on January 19, 2024, BTIG Research had initiated the stock to Neutral. Piper Sandler also reduced Neutral rating with a price target of $2. Additionally, Deutsche Bank reduced Hold rating on January 23, 2023, with a target price of $3. Wolfe Research analysts, in their report published on August 17, 2022, also initiated Peer Perform rating for Matterport Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Matterport Inc (MTTR) Stock Trading Recap
On Tuesday, Matterport Inc (MTTR) stock saw a modest uptick, ending the day at $4.83 which represents a slight increase of $0.04 or 0.84% from the prior close of $4.79. The stock opened at $4.84 and touched a low of $4.8 during the day, reaching a high of $4.85. The volume of shares traded was 3.17 million exceeding the average volume of 2.37 million.
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MTTR Stock Performance and Moving Averages
In recent trading, Matterport Inc (MTTR) stock price has shown some volatility, fluctuating -1.43% over the last five trades and -1.63% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 7.81%, and it has gained 1.05% in the previous three months. Currently, MTTR is trading at -0.16%, 0.74%, and 11.96% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MTTR, a Technology sector stock, is trading -3.40% below its 52-week high but remains 179.19% above its 52-week low. The Average True Range (ATR) (14 days) of 0.11 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Matterport Inc’s Profitability and Valuation Ratios
Matterport Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of -103.20% and a profit margin of -157.21%, with a gross margin of 7.81%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Matterport Inc’s market capitalization stands at $1.56 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 9.43, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.83, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 14.14% of Matterport Inc (MTTR)’s shares, while financial institutions hold 46.65%.
Notable insider trades include Zinn Matthew, Chief Legal Officer at Matterport Inc (MTTR), who sold 84441 shares on Dec 02 ’24, at $4.73 each, totaling $0.40 million. On Dec 02 ’24, Tulsi Japjit, Chief Technology Officer, sold 85015 shares for $4.73 each, amounting to $0.40 million. Additionally, on Dec 02 ’24, Remley Jay sold 82229 shares at $4.73 each, generating $0.39 million.