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MTTRNews

MTTR Stock at all-time low19133

3DPhoto private msg quote post Address this user
Anyone else have Matterport stock? Revenue and growth have been steady and losses have narrowed. Are you concerned about the plunge, the company or the industry? Please keep comments specific to the market.


Post 1 IP   flag post
Jamie private msg quote post Address this user
Not surprised to be honest.
Their high end support has degraded like their stock value. With the other competitors making large strides in the same market, and attending to their customers needs, Matterport are in for a tough time.
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3DPhoto private msg quote post Address this user
InvestorPlace 10/6/23, The 7 Most Undervalued Penny Stocks to Buy in October 2023: https://investorplace.com/2023/10/the-7-most-undervalued-penny-stocks-to-buy-in-october-2023/

"Many readers will recall Matterport (NASDAQ:MTTR) as a highly popular metaverse stock that got very hot, very quickly...

Its revenue trajectory overall and in relation to subscriptions has been steady and impressive. It is expected to reach as high as $159 million in sales this year. That equates to 36% compound annual growth between 2019 and 2023. Losses continue narrowing...

Big tech will continue to introduce VR/AR products moving forward and investors are going to look at the metaverse again soon."
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rzphotoman private msg quote post Address this user
I bought with my heart and now I just dumped the last 300 shares I'll ever own. I believe it's considered a penny stock now.
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