While earnings beats are nothing out of the ordinary, traders were excited about this stock in particular, as shares of Matterport Inc. (Nasdaq:MTTR) rallied up to $2.63/share (+24.06%) at the session high. This move could be an indication of things to come given how much upside there is between current levels and the stock’s 52-week high of $4.07/share.
Matterport Inc is a spatial data company focused on digitizing and indexing the built world. Its all-in-one 3D data platform enables anyone to turn a space into an accurate and immersive digital twin which can be used to design, build, operate, promote, and understand any space.
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