MTTR Stock Recent News

SUNNYVALE, Calif., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it will release its third quarter 2023 financial results on Monday, November 6, 2023, after market close.

Matterport's business is growing, despite difficult conditions in the US residential real estate market. This means little at the moment though, as Matterport's operating expenses call into question the viability of the company. Matterport's valuation may make the stock appear attractive, but there is a high risk of dilution undermining future returns.

Virtual reality stocks flamed out beginning in late 2021, some very dramatically. 2022 was exceptionally tough on all things tech.

Metaverse stocks were the talk of the town for quite some time. So much so, that Mark Zuckerberg invested billions of dollars in the idea, and even changed the name of his social networking company, Facebook to Meta Platforms (NASDAQ: META ).

Matterport is growing, but is it growing in the right places?

Matterport has dipped 43% over the last year and is currently trading at a 4.37x price-to-sales multiple. The company's services revenue is surging even as the US housing market goes through some disruption. Management is now targeting positive cash flow from next year, bringing the previous target forward by a year.

Matterport, Inc. (MTTR) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Virtual reality (VR) is an emerging tech that investors shouldn't overlook, but the industry stands beaten down from past highs. Still, the virtual reality market is valued at $23 billion, with many expecting the sector to climb up to $160 billion by 2027.

SUNNYVALE, Calif., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it is scheduled to participate in the following investor conferences:

Matterport's growth isn't what the market hoped for, but there's plenty of time to improve execution.