$1.69M in average volume shows that Matterport Inc (MTTR) is heading in the right direction

Matterport Inc (NASDAQ: MTTR) kicked off on Friday, down -2.14% from the previous trading day, before settling in for the closing price of $4.67. Over the past 52 weeks, MTTR has traded in a range of $1.73-$4.99.

During the last 5-year period, the sales growth of Technology Sector giant was 22.59%. While this was happening, its average annual earnings per share was recorded 75.98%. With a float of $272.05 million, this company’s outstanding shares have now reached $310.06 million.

Let’s determine the extent of company efficiency that accounts for 438 employees. In terms of profitability, gross margin is 46.95%, operating margin of -111.85%, and the pretax margin is -164.06%.

Matterport Inc (MTTR) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Matterport Inc is 14.75%, while institutional ownership is 44.10%. The most recent insider transaction that took place on Oct 01 ’24, was worth 111,830. In this transaction Chief Financial Officer of this company sold 25,000 shares at a rate of $4.47, taking the stock ownership to the 1,518,751 shares. Before that another transaction happened on Oct 01 ’24, when Company’s Officer proposed sale 25,000 for $4.46, making the entire transaction worth $111,500.

Matterport Inc (MTTR) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.04 earnings per share (EPS), higher than consensus estimate (set at -0.06) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 75.98% per share during the next fiscal year.

Matterport Inc (NASDAQ: MTTR) Trading Performance Indicators

Take a look at Matterport Inc’s (MTTR) current performance indicators. Last quarter, stock had a quick ratio of 2.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.99.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.85, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 0.02 in one year’s time.

Technical Analysis of Matterport Inc (MTTR)

Looking closely at Matterport Inc (NASDAQ: MTTR), its last 5-days average volume was 2.11 million, which is a drop from its year-to-date volume of 2.78 million. As of the previous 9 days, the stock’s Stochastic %D was 29.73%. Additionally, its Average True Range was 0.12.

During the past 100 days, Matterport Inc’s (MTTR) raw stochastic average was set at 69.07%, which indicates a significant increase from 18.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.87% in the past 14 days, which was lower than the 32.19% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.53, while its 200-day Moving Average is $3.62. However, in the short run, Matterport Inc’s stock first resistance to watch stands at $4.66. Second resistance stands at $4.74. The third major resistance level sits at $4.80. If the price goes on to break the first support level at $4.52, it is likely to go to the next support level at $4.46. Should the price break the second support level, the third support level stands at $4.38.

Matterport Inc (NASDAQ: MTTR) Key Stats

The company with the Market Capitalisation of 1.46 billion has total of 314,518K Shares Outstanding. Its annual sales at the moment are 157,750 K in contrast with the sum of -199,080 K annual income. Company’s last quarter sales were recorded 42,220 K and last quarter income was -141,590 K.