In yesterday’s Wall Street session, Matterport Inc (NASDAQ:MTTR) shares traded at $4.47, up 8.23% from the previous session.
MTTR stock price is now 6.30% away from the 50-day moving average and 62.26% away from the 200-day moving average. The market capitalization of the company currently stands at $1.42B.
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With the price target of $3.50, Northland Capital recently initiated with Outperform rating for Matterport Inc (NASDAQ: MTTR). , while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, PITTMAN RAYMOND J, Chief Executive Officer sold 149,430 shares of the company’s stock on Jun 04 ’24. The stock was sold for $650,678 at an average price of $4.35. Upon completion of the transaction, the Chief Executive Officer now directly owns 3,546,100 shares in the company, valued at $15.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 04 ’24, Chief Financial Officer Fay James Daniel sold 44,125 shares of the business’s stock. A total of $192,138 was realized by selling the stock at an average price of $4.35. This leaves the insider owning 1,450,043 shares of the company worth $6.48 million. A total of 14.54% of the company’s stock is owned by insiders.
During the past 12 months, Matterport Inc has had a low of $1.73 and a high of $4.99. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 7.84, and a quick ratio of 7.66. The fifty day moving average price for MTTR is $4.259 and a two-hundred day moving average price translates $2.765025 for the stock.
The latest earnings results from Matterport Inc (NASDAQ: MTTR) was released for 2024-03-31. The net profit margin was -113.62% and return on equity was -33.18% for MTTR. The company reported revenue of $39.87 million for the quarter, compared to $37.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.94 percent.
