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Saturday, December 2, 2023

There Is A Quest For Clarity Surrounding Matterport Inc (NASDAQ: MTTR) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Matterport Inc (MTTR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.41%, to $2.45. The Matterport Inc has recorded 19,556 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Matterport Introduces CAD File Add-On, a One-Click CAD Creation Tool To Simplify Design Workflows.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $2.44 and fluctuated between $2.4750 as its day high and $2.3900 as its day low. The current market capitalization of Matterport Inc is $745.81M. A total of 1.69 million shares were traded on the day, compared to an average of 2.13M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MTTR has seen 8 BUY and 6 SELL insider trades, representing the acquisition of 232,535 and the disposition of 771,701 shares. Over the last 12 months, there were 44 BUYs and 28 SELLs from insiders. Insiders purchased 3,371,580 shares during that period but sold 2,435,089.

In the most recent transaction, Fay James Daniel sold 25,000 shares of MTTR for 2.56 per share on Nov 09. After the transaction, the Chief Financial Officer now owns 1,334,861 company shares. In a previous transaction on Sep 05, Fay James Daniel sold 100,483 shares at 2.61 per share. MTTR shares that Chief Financial Officer owns now total 1,142,297.

Among the insiders who sold shares, Remley Jay disposed of 63,400 shares on Sep 05 at a per-share price of $2.61. This resulted in the Chief Revenue Officer holding 835,604 shares of MTTR after the transaction. In another insider transaction, Tulsi Japjit sold 53,981 shares at $2.61 per share on Sep 05. Company shares held by the Chief Technology Officer now total 218,132.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MTTR in the last 3 months, the mean price target is $4.30 with high estimates of $8.00 and low estimates of $2.50. In terms of 52-week highs and lows, MTTR has a high of $4.07 and a low of $1.84.

As of this writing, MTTR has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.04. The company reported an EPS of -$0.07 in the last quarter, which was 12.50% higher than expectations of -$0.08.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. MTTR’s latest balance sheet shows that the firm has $404.45M in Cash & Short Term Investments as of fiscal 2021. There were $12.72M in debt and $33.33M in liabilities at the time. Its Book Value Per Share was $1.77, while its Total Shareholder’s Equity was $268.16M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MTTR is Buy with a score of 3.00.

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