Matterport Inc. (NASDAQ:MTTR)’s traded shares stood at 6.2 million during the last session. At the close of trading, the stock’s price was $21.09, to imply an increase of 6.78% or $1.34 in intraday trading. The MTTR share’s 52-week high remains $28.00, putting it -32.76% down since that peak but still an impressive 50.45% since price per share fell to its 52-week low of $10.45. The company has a valuation of $4.77B, with an average of 5.16 million shares in intraday trading volume over the past 10 days and average of 1.96 million shares over the past 3 months.
Matterport Inc. (NASDAQ:MTTR) trade information
After registering a 6.78% upside in the last session, Matterport Inc. (MTTR) has traded red over the past five days. The stock hit a weekly high of 21.80 this Thursday, 09/16/21, jumping 6.78% in its intraday price action. The 5-day price performance for the stock is 19.42%, and 51.84% over 30 days. With these gigs, the year-to-date price performance is 95.98%. Short interest in Matterport Inc. (NASDAQ:MTTR) saw shorts transact 4.82 million shares and set a 2 days time to cover.
Analysts on Wall Street suggest a consensus price target of $20.50, implying a decrease of -2.88% to the stock’s current value. The extremes give us $20.00 and $22.00 for target low and target high price respectively. As such, MTTR has been trading -4.31% off suggested target high and 5.17% from its likely low.
Matterport Inc. (MTTR) estimates and forecasts
Revenue forecast for the current quarter as set by 4 analysts is $29.1 million. Meanwhile, for the quarter ending Dec 2021, a total of 4 analyst(s) estimate revenue growth to $32.98 million.
Matterport Inc. has its next earnings report out in October. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Matterport Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Matterport Inc. (NASDAQ:MTTR)’s Major holders
Matterport Inc. insiders hold 8.24% of total outstanding shares, with institutional holders owning 14.93% of the shares at 16.27% float percentage. In total, 14.93% institutions holds shares in the company.