Matterport Inc. (NASDAQ:MTTR) has seen 3.39 million shares traded in the last trading session. The company, currently valued at $859.14M, closed the last trade at $3.09 per share which meant it gained $0.03 on the day or 0.98% during that session. The MTTR stock price is -258.9% off its 52-week high price of $11.09 and 23.3% above the 52-week low of $2.37. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.72 million shares traded. The 3-month trading volume is 3.58 million shares.
The consensus among analysts is that Matterport Inc. (MTTR) is an Overweight stock at the moment, with a recommendation rating of 2.40. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 7 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.13.
Matterport Inc. (NASDAQ:MTTR) trade information
Sporting 0.98% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the MTTR stock price touched $3.09 or saw a rise of 8.58%. Year-to-date, Matterport Inc. shares have moved 10.36%, while the 5-day performance has seen it change -0.64%. Over the past 30 days, the shares of Matterport Inc. (NASDAQ:MTTR) have changed 17.49%. Short interest in the company has seen 26.81 million shares shorted with days to cover at 8.73.
Wall Street analysts have a consensus price target for the stock at $5.83, which means that the shares’ value could jump 47.0% from current levels. The projected low price target is $3.00 while the price target rests at a high of $12.00. In that case, then, we find that the current price level is -288.35% off the targeted high while a plunge would see the stock lose 2.91% from current levels.
Matterport Inc. (MTTR) estimates and forecasts
Figures show that Matterport Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -25.54% over the past 6 months, with this year growth rate of -82.61%, compared to 12.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -116.70% and -20.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 19.00%.
6 analysts offering their estimates for the company have set an average revenue estimate of $35.94 million for the current quarter. 5 have an estimated revenue figure of $38.78 million for the next quarter concluding in Dec 2022.
Earnings growth for 2023 is a modest -692.10% while over the next 5 years, the company’s earnings are expected to increase by 26.40%.
Matterport Inc. is expected to release its next earnings report between February 14 and February 20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Matterport Inc. (NASDAQ:MTTR)’s Major holders
Insiders own 4.00% of the company shares, while shares held by institutions stand at 45.81% with a share float percentage of 47.71%. Investors are also buoyed by the number of investors in a company, with Matterport Inc. having a total of 292 institutions that hold shares in the company. The top two institutional holders are DCM International VI, Ltd. with over 19.86 million shares worth more than $72.67 million. As of Jun 29, 2022, DCM International VI, Ltd. held 7.04% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 16.9 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $61.87 million and represent 6.00% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Jun 29, 2022, the former fund manager holds about 2.35% shares in the company for having 6.63 million shares of worth $24.27 million while later fund manager owns 4.78 million shares of worth $18.11 million as of Sep 29, 2022, which makes it owner of about 1.69% of company’s outstanding stock.