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As The Stock Falls By -76.79% Year-To-Date, Matterport Inc. (NASDAQ: MTTR)’S Stock Continues To Progress In 2022

During the last session, Matterport Inc. (NASDAQ:MTTR)’s traded shares were 3.28 million. At the end of the trading day, the stock’s price was $4.79, reflecting an intraday loss of 0.00% or $0.0. The 52-week high for the MTTR share is $37.60, that puts it down -684.97 from that peak though still a striking 26.72% gain since the share price plummeted to a 52-week low of $3.51. The company’s market capitalization is $1.31B, and the average intraday trading volume over the past 10 days was 2.68 million shares, and the average trade volume was 6.13 million shares over the past three months.

Matterport Inc. (MTTR) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. MTTR has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 2 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 -$0.14.

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Matterport Inc. (NASDAQ:MTTR) trade information

Matterport Inc. (MTTR) registered a 0.00% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet 0.00% in intraday trading to $4.79 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 14.05%, and it has moved by 24.42% in 30 days. Based on these gigs, the overall price performance for the year is -66.74%. The short interest in Matterport Inc. (NASDAQ:MTTR) is 36.26 million shares and it means that shorts have 5.7 day(s) to cover.

The consensus price target of analysts on Wall Street is $8.57, which implies an increase of 44.11% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.00 and $15.00 respectively. As a result, MTTR is trading at a discount of -213.15% off the target high and -4.38% off the low.

Matterport Inc. (MTTR) estimates and forecasts

Statistics show that Matterport Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Matterport Inc. (MTTR) shares have gone down -45.07% during the last six months, with a year-to-date growth rate less than the industry average at -117.39% against 12.60. In the rating firms’ projections, revenue will increase 14.70% compared to the previous financial year.

Revenue for the current quarter is expected to be $29.6 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $32.93 million by the end of Sep 2022.

While earnings are projected to return -692.10% in 2022, the next five years will return 26.40% per annum.

MTTR Dividends

Matterport Inc. is due to release its next quarterly earnings between March 10 and March 14. 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 4.03% of total outstanding shares while institutional holders control 37.02%, with the float percentage being 38.57%. DCM International VI, Ltd. is the largest shareholder of the company, while 264 institutions own stock in it. As of Mar 30, 2022, the company held over 19.86 million shares (or 7.04% of all shares), a total value of $161.25 million in shares.

The next largest institutional holding, with 11.88 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 4.21% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $96.48 million.

Also, the Mutual Funds coming in first place with the largest holdings of Matterport Inc. (MTTR) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 5.31 million shares. This amounts to just over 1.88 percent of the company’s overall shares, with a $43.14 million market value. The same data shows that the other fund manager holds slightly less at 4.89 million, or about 1.73% of the stock, which is worth about $17.89 million.

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