Matterport Inc (NASDAQ: MTTR) on Friday, plunged -0.57% from the previous trading day, before settling in for the closing price of $1.75. Within the past 52 weeks, MTTR’s price has moved between $1.74 and $3.78.
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Annual sales at Technology sector company grew by 22.59% over the past five years. The company achieved an average annual earnings per share of 61.36%. With a float of $265.49 million, this company’s outstanding shares have now reached $310.06 million.
Let’s look at the performance matrix of the company that is accounted for 438 employees.
Matterport Inc (MTTR) Insider and Institutional Ownership
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Matterport Inc is 14.61%, while institutional ownership is 32.54%. The most recent insider transaction that took place on Apr 01 ’24, was worth 56,265. In this transaction Chief Financial Officer of this company sold 25,000 shares at a rate of $2.25, taking the stock ownership to the 1,314,918 shares. Before that another transaction happened on Mar 07 ’24, when Company’s Chief Executive Officer sold 2,342 for $1.95, making the entire transaction worth $4,577. This insider now owns 3,229,531 shares in total.
Matterport Inc (MTTR) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 24.84 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 61.36% per share during the next fiscal year.
Matterport Inc (NASDAQ: MTTR) Trading Performance Indicators
Matterport Inc (MTTR) is currently performing well based on its current performance indicators. A quick ratio of 9.35 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.66, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach -0.03 in one year’s time.
Technical Analysis of Matterport Inc (MTTR)
Matterport Inc (NASDAQ: MTTR) saw its 5-day average volume 1.88 million, a negative change from its year-to-date volume of 2.48 million. As of the previous 9 days, the stock’s Stochastic %D was 2.71%. Additionally, its Average True Range was 0.11.
During the past 100 days, Matterport Inc’s (MTTR) raw stochastic average was set at 0.79%, which indicates a significant decrease from 2.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.07% in the past 14 days, which was lower than the 66.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.0415, while its 200-day Moving Average is $2.4242. Nevertheless, the first resistance level for the watch stands at $1.7700 in the near term. At $1.8000, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.8200. If the price goes on to break the first support level at $1.7200, it is likely to go to the next support level at $1.7000. The third support level lies at $1.6700 if the price breaches the second support level.
Matterport Inc (NASDAQ: MTTR) Key Stats
Market capitalization of the company is 540.98 million based on 310,907K outstanding shares. Right now, sales total 157,750 K and income totals -199,080 K. The company made 39,550 K in profit during its latest quarter, and -43,950 K in sales during its previous quarter.
