After A 10.24% Jump In The Last Week, Does Matterport Inc. (NASDAQ: MTTR) Still Make Sense To Buy? – Marketing Sentinel
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After A 10.24% Jump In The Last Week, Does Matterport Inc. (NASDAQ: MTTR) Still Make Sense To Buy?

During the last session, Matterport Inc. (NASDAQ:MTTR)’s traded shares were 1.67 million. At the end of the trading day, the stock’s price was $20.13, reflecting an intraday gain of 1.87% or $0.37. The 52-week high for the MTTR share is $28.00, that puts it down -39.1 from that peak though still a striking 48.09% gain since the share price plummeted to a 52-week low of $10.45. The company’s market capitalization is $4.91B, and the average intraday trading volume over the past 10 days was 3.22 million shares, and the average trade volume was 2.98 million shares over the past three months.

Matterport Inc. (MTTR) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. MTTR has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.07.

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Matterport Inc. (NASDAQ:MTTR) trade information

Matterport Inc. (MTTR) registered a 1.87% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.87% in intraday trading to $20.13 this Wednesday, 10/13/21, hitting a weekly high. The stock’s 5-day price performance is 10.24%, and it has moved by 9.11% in 30 days. The short interest in Matterport Inc. (NASDAQ:MTTR) is 8.89 million shares and it means that shorts have 2.73 day(s) to cover.

The consensus price target of analysts on Wall Street is $22.20, which implies an increase of 9.32% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20.00 and $26.00 respectively. As a result, MTTR is trading at a discount of -29.16% off the target high and 0.65% off the low.

Revenue for the current quarter is expected to be $29.1 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $32.98 million by the end of Dec 2021.

MTTR Dividends

Matterport Inc. is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Matterport Inc. (NASDAQ:MTTR)’s Major holders

Matterport Inc. insiders own 8.31% of total outstanding shares while institutional holders control 15.25%, with the float percentage being 16.64%.

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