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Matterport, Inc. (MTTR) Gains But Lags Market: What You Should Know
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In the latest trading session, Matterport, Inc. (MTTR - Free Report) closed at $22.33, marking a +0.13% move from the previous day. The stock lagged the S&P 500's daily gain of 1.64%. Elsewhere, the Dow gained 1.08%, while the tech-heavy Nasdaq added 0.45%.
Coming into today, shares of the company had lost 21.78% in the past month. In that same time, the Business Services sector lost 7.08%, while the S&P 500 lost 0.83%.
Investors will be hoping for strength from Matterport, Inc. as it approaches its next earnings release.
It is also important to note the recent changes to analyst estimates for Matterport, Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Matterport, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 185, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Matterport, Inc. (MTTR) Gains But Lags Market: What You Should Know
In the latest trading session, Matterport, Inc. (MTTR - Free Report) closed at $22.33, marking a +0.13% move from the previous day. The stock lagged the S&P 500's daily gain of 1.64%. Elsewhere, the Dow gained 1.08%, while the tech-heavy Nasdaq added 0.45%.
Coming into today, shares of the company had lost 21.78% in the past month. In that same time, the Business Services sector lost 7.08%, while the S&P 500 lost 0.83%.
Investors will be hoping for strength from Matterport, Inc. as it approaches its next earnings release.
It is also important to note the recent changes to analyst estimates for Matterport, Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Matterport, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 185, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.