The stock of Matterport Inc (NASDAQ:MTTR) last traded at $2.26, up 15.90% from the previous session.
MTTR stock price is now 5.08% away from the 50-day moving average and -9.95% away from the 200-day moving average. The market capitalization of the company currently stands at $702.66M.
On October 23, 2023, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $4 to quote $2, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, PITTMAN RAYMOND J, Chief Executive Officer sold 2,342 shares of the company’s stock on Mar 07 ’24. The stock was sold for $4,577 at an average price of $1.95. Upon completion of the transaction, the Chief Executive Officer now directly owns 3,229,531 shares in the company, valued at $7.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, Chief Legal Officer Zinn Matthew sold 1,889 shares of the business’s stock. A total of $3,692 was realized by selling the stock at an average price of $1.95. This leaves the insider owning 278,395 shares of the company worth $0.63 million. A total of 14.32% of the company’s stock is owned by insiders.
During the past 12 months, Matterport Inc has had a low of $1.74 and a high of $3.78. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 9.56, and a quick ratio of 9.35. The fifty day moving average price for MTTR is $2.1507 and a two-hundred day moving average price translates $2.5061 for the stock.
The latest earnings results from Matterport Inc (NASDAQ: MTTR) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at -$0.04, inline with analysts’ expectations of -$0.04. This compares to -$0.19 EPS in the same period last year. The net profit margin was -126.20% and return on equity was -35.77% for MTTR. The company reported revenue of $39.55 million for the quarter, compared to $41.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.88 percent. For the current quarter, analysts expect MTTR to generate $40.08M in revenue.
