CoStar Group, a leading provider of online real estate marketplaces, has announced its definitive agreement to acquire Matterport ( NASDAQ:MTTR ) in a cash and stock transaction valued at $5.50 per share, reflecting an estimated $1.6 billion of enterprise value. Matterport ( NASDAQ:MTTR ), the global leader in immersive 3D digital twins and artificial intelligence...
This was a 2021 Bubble Darling, where all the low-tech Boomers were battling hand over fist to put Liquidity in. Now that its under 1 billion market cap, the additional downside is very minimal... perhaps $2.00 The upside for a reflexive short squeeze is appealing. This company has strong name recognition and an understandable narrative to sell. $3.10...
CEO Raymond Pittman: “Matterport is Digitizing the Built World - Every Building in Every Country” “We're supremely focused on digitizing the built world because it is such a massive TAM: 4 billion buildings, $20 billion monetizable spaces out there once digitized by Matterport… We're signing all of the biggest residential brokerages in the world and the largest...
Short term upside on the Daily timeframe and under. Already oversold and Elliott wave to the downside is finished for now. Entry was between 1.618 and 1.786 fib so I'm not playing this.
Overall, I think this company has a lot of potential with the metaverse, however, it's a long way out. Here is a short term trade opportunity that may present itself soon. Maybe on the 22nd about an hour or two after often look for a short entry down to $22, for the week of the 26th. Buy the dip @ $22, and see how high it takes you over the next few days. Thoughts?
$MTTR is all set for 25 plus, I think we can see it in next 1-2 weeks, #PlanYourTrades
Feels overextended, could continue up but wouldn't buy here Waiting for that $16-20 region. Would ladder buys there $20, $18, etc.