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Is Matterport Stock a Buy Now?

TheMotleyFool

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Matterport (NASDAQ: MTTR) posted its fourth-quarter earnings report on Feb. 22. The 3D spatial mapping company's revenue rose 52% year over year to $41.1 million, which beat analysts' estimates by $1.4 million. Its adjusted net loss widened from $25.1 million to $26.6 million, or $0.09 per share, but still cleared the consensus forecast by a penny.

Matterport's stock price rose slightly after that earnings beat, but it remains nearly 90% below its all-time high from November 2021. Should contrarian investors buy this stock while the bulls are all looking in the other direction?

Image source: Getty Images.

Source Fool.com

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