Matterport has been on a wild ride since its public listing in 2020. The stock price has been volatile, and investors are always looking for ways to predict what it will do next. In this article, we’ll take a look at the current trends in the stock market and what experts are predicting for Matterport’s stock price in 2021. We’ll also discuss some of the challenges that Matterport stock price prediction is facing as a company and how these could affect their stock price. Finally, we’ll provide some tips to help investors make an informed decision about investing in Matterport.
What is Matterport stock price prediction?
Matterport stock price prediction is a photorealistic 3D scanning solution that allows users to create, edit, and share 3D models of physical spaces. It is used in a variety of industries including architecture, engineering, construction, real estate, and event planning.
Matterport’s system consists of a camera and an iPad. The camera captures photos and videos of a space which are then stitched together to create a 3D model. This model can be viewed on the iPad or exported to other platforms such as Sketchfab or Unity.
Matterport has been growing in popularity due to its ease of use and ability to create high-quality 3D models. In addition, the company has been expanding its product offerings and partnerships. For example, Matterport recently launched an app for iOS that allows users to view their models in augmented reality.
What is their stock price currently?
Matterport (MRPT) stock is currently trading at $7.40 per share. The company has a market capitalization of $522.8 million and its shares are up 2.85% so far in 2020.
Matterport went public on the Nasdaq Stock Market in October of 2019 at a price of $6 per share. The stock made its debut on the Russell 2000 Index in June of 2020.
The company reported revenue of $32.4 million in 2019, an increase of 65% from 2018. Matterport’s net loss widened to $24.1 million in 2019, from a loss of $16.3 million in 2018.
Looking ahead, analysts expect Matterport to report revenue of $48.5 million in 2020 and $70.5 million in 2021. The company is expected to post a net loss of $17.9 million in 2020 and $11.1 million in 2021
What is the stock price prediction for 2021?
It’s no secret that Matterport’s stock price has taken a beating in recent months. The question now is whether or not the company can turn things around and make a comeback in 2021. While there is no sure answer, we believe that Matterport has a good chance of seeing its stock price increase in the coming year.
There are several reasons for this. First, the COVID-19 pandemic has resulted in a surge in demand for 3D imaging technology, which is Matterport’s core competency. This has already led to some major wins for the company, including new contracts with the likes of Lowe’s and Hilton.
Second, Matterport recently announced a partnership with Google Street View, which will give it access to millions of potential new customers. This should help drive further growth for the company in 2021 and beyond.
Finally, Matterport has been making significant investments in R&D and sales & marketing, which should start to pay off in the form of increased revenue and profit growth in 2021. Given all of these factors, we believe that Matterport is well positioned for a strong showing in 2021, with its stock price potentially reaching $5 per share by year-end.
How to invest in Matterport?
If you’re looking to invest in Matterport, there are a few things you should keep in mind. First, Matterport is a publicly traded company on the NYSE American stock exchange under the ticker symbol “MAT”. As such, it is subject to all the usual risks and uncertainties of the public markets.
Second, Matterport is still a young company, and its business model is unproven. It is possible that the company will not be able to generate enough revenue to justify its current valuation.
Third, Matterport’s stock price is highly volatile and has been known to swing dramatically in both directions. This can make investing in the company a risky proposition.
Fourth, there are currently no analyst coverage or estimates for Matterport’s stock. This lack of information makes it difficult to make an informed investment decision.
Lastly, because Matterport is still a relatively small company, it may be acquired by a larger player in the industry at some point in the future. This could provide a nice return for investors, but it also introduces additional risk.
Conclusion
In conclusion, Matterport stock price prediction is an exciting stock to watch in 2021. The company has made significant investments in its technology and platform that have positioned it for long-term growth. Additionally, the company’s industry leadership and expanding customer base are catalysts for a bullish outlook on their stock price. All of these factors make Matterport an interesting investment opportunity worth exploring as we head into 2021
