Mttr stock price correlation with the NASDAQ 100 has
MTTR stock price correlation with the NASDAQ 100 has weakened in recent weeks, reflecting more company-specific catalysts driving moves rather than purely macro factors. Overall, MTTR ranks FIFTH among the 8 hot penny stocks to invest in according to hedge funds. While we acknowledge the potential of MTTR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MTTR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock . On July 23, spatial data company Matterport (MTTR) went public after closing its reverse merger deal with Gores Holdings VI (GHVI) SPAC. On July 29, MTTR stock rose more than 8 percent, but it's still 46 percent down from its 52-week high. Will Matterport stock rise more and is it a good long-term investment at the current price? Long-term holders eye sustained ARR growth as the trigger for another leg higher.
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