6.86% volatility in Matterport Inc (MTTR) last month: This is a red flag warning

A new trading day began on November 20, 2023, with Matterport Inc (NASDAQ: MTTR) stock priced at $2.68, down -2.58% from the previous day of trading. During the day, the shares moved up to $2.72 and dropped to $2.625 before settling in for the closing price of $2.71. MTTR’s price has ranged from $1.84 to $4.07 over the past 52 weeks.

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Annual sales at Technology sector company grew by 25.94% over the past five years. Meanwhile, its annual earnings per share averaged 45.78%. With a float of $250.71 million, this company’s outstanding shares have now reached $290.54 million.

Let’s look at the performance matrix of the company that is accounted for 590 employees. In terms of profitability, gross margin is +38.09, operating margin of -200.40, and the pretax margin is -80.88.

Matterport Inc (MTTR) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Matterport Inc is 17.98%, while institutional ownership is 32.25%. The most recent insider transaction that took place on Nov 09, was worth 63,920. In this transaction Chief Financial Officer of this company sold 25,000 shares at a rate of $2.56, taking the stock ownership to the 1,334,861 shares. Before that another transaction happened on Sep 05, when Company’s Chief Financial Officer sold 100,483 for $2.61, making the entire transaction worth $262,653. This insider now owns 1,142,297 shares in total.

Matterport Inc (MTTR) Performance Highlights and Predictions

In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$0.04 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -81.79 while generating a return on equity of -26.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 45.78% per share during the next fiscal year.

Matterport Inc (NASDAQ: MTTR) Trading Performance Indicators

Here are Matterport Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 9.41. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.06.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.73, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.11 in one year’s time.

Technical Analysis of Matterport Inc (MTTR)

Matterport Inc (NASDAQ: MTTR) saw its 5-day average volume 2.42 million, a negative change from its year-to-date volume of 2.75 million. As of the previous 9 days, the stock’s Stochastic %D was 82.13%. Additionally, its Average True Range was 0.15.

During the past 100 days, Matterport Inc’s (MTTR) raw stochastic average was set at 41.24%, which indicates a significant decrease from 84.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 113.68% in the past 14 days, which was higher than the 67.94% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.24, while its 200-day Moving Average is $2.73. Nevertheless, the first resistance level for the watch stands at $2.70 in the near term. At $2.76, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.79. If the price goes on to break the first support level at $2.60, it is likely to go to the next support level at $2.57. Assuming the price breaks the second support level, the third support level stands at $2.51.

Matterport Inc (NASDAQ: MTTR) Key Stats

With a market capitalization of 806.94 million, the company has a total of 305,660K Shares Outstanding. Currently, annual sales are 136,130 K while annual income is -111,340 K. The company’s previous quarter sales were 40,640 K while its latest quarter income was -44,750 K.


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