Last Updated: 15 Nov 2024
Executive Summary
Matterport Inc. (MTTR) is a leading provider of digital twin technology, offering immersive 3D experiences for various industries. The company's strong revenue growth, expanding market opportunity, and strategic partnerships position it well for long-term success. However, profitability remains a concern, and competition is intensifying. Investors should consider the company's growth potential and financial risks before making investment decisions.
Company Overview
Matterport Inc. was founded in 2011 and went public in 2021. The company's digital twin technology allows users to create immersive 3D models of physical spaces, providing valuable insights and enhancing decision-making. Matterport serves a wide range of industries, including real estate, construction, manufacturing, and retail.
Fundamental Analysis
Revenue: $165.4 million TTM, up 7.8% YoY
Gross Profit: $51.8 million TTM, up 11.3% YoY
Net Loss: -$174.1 million TTM
EPS: -$0.85 TTM
Market Cap: $1.54 billion
Price-to-Sales Ratio: 9.29
Price-to-Book Ratio: 3.686
Technical Analysis
Current Price: $4.76
52-Week High: $4.99
52-Week Low: $1.73
50-Day Moving Average: $4.593
200-Day Moving Average: $3.76
Beta: 1.068
Short Term Outlook
In the short term, Matterport faces challenges in achieving profitability. Competition is increasing, and the company needs to demonstrate its ability to generate sustainable revenue growth. Investors should monitor the company's financial performance and market share gains.
Long Term Outlook
The long-term outlook for Matterport is positive. The demand for digital twin technology is expected to grow significantly in the coming years. Matterport's strong brand recognition, strategic partnerships, and innovative technology position it well to capitalize on this growth.
Analyst Recommendations
Analysts have a mixed view on Matterport. Six analysts have a "Hold" rating, while none have a "Strong Buy" or "Sell" rating. The average analyst target price is $5.5, implying a potential upside of 15.5% from the current price.
Conclusion
Matterport Inc. is a promising company with a strong market position in the digital twin industry. While profitability remains a concern, the company's growth potential and long-term outlook are compelling. Investors should carefully consider the company's risks and potential rewards before making investment decisions.
