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Summary: Matterport (NASDAQ: MTTR) is a publicly traded company that specializes in creating immersive 3D experiences for various industries through its cutting-edge spatial data technology. The most convenient way to buy Matterport stock is through a reputable brokerage platform, such as our go-to option—eToro.
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About Matterport
Matterport is a leading spatial data company that specializes in creating immersive 3D experiences. Their technology allows users to capture, edit, and share high-quality 3D models of physical spaces, making it valuable for a wide range of industries, including real estate, construction, and entertainment. Since its founding in 2011, Matterport has grown rapidly and has become a trusted name in the world of spatial computing.
Matterport IPO
Matterport went public in July 2021. Its stock is currently listed on the NASDAQ stock exchange under the ticker symbol MTTR.
How to buy Matterport stock: Step-by-step
If you’re looking to buy Matterport stock, you can follow our step-by-step guide in the section below for a smooth and convenient process.
Step 1: Choose the right broker
The first step in buying Matterport stock is to choose a reputable brokerage firm. A brokerage firm acts as an intermediary between you and the stock market, allowing you to buy and sell stocks. In this case, our go-to broker is eToro, a widely popular platform with a number of solid investing features, such as:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Step 2: Fund your account
Once you choose a broker, you’ll need to fund your account. This involves transferring money from your bank account to your brokerage account. Most brokers offer multiple funding options, including bank transfers, wire transfers, and electronic funds transfers (EFTs). With your account funded, you’ll be ready to place your order.
Step 3: Place your order
The next step is to place your order for Matterport stock. To do this, log in to your brokerage account and navigate to the trading platform. Enter the ticker symbol for Matterport (MTTR) and specify the number of shares you’d like to purchase.
You’ll also need to pick the type of order you want to place, such as a market order or a limit order. A market order will execute immediately at the current market price, while a limit order allows you to specify the maximum price you’re willing to pay.
Matterport stock price today
Is Matterport stock a buy, sell, or hold?
To gauge whether to buy, sell, or hold Matterport stock, you can utilize TradingView’s technical analysis widget, providing a dynamic overview of MTTR’s performance. This tool incorporates diverse technical indicators such as moving averages and oscillators, offering a real-time snapshot of its present trends and potential future trajectory.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
Pros and cons of buying Matterport stock
Before making any investment, it’s important to consider the potential risks and rewards. Here are some pros and cons of buying Matterport stock:
Pros
- Growth potential: Matterport operates in a rapidly growing industry with significant potential for expansion;
- Innovative technology: The company’s cutting-edge technology gives it a competitive edge in the market;
- Diverse applications: Matterport’s products have applications across multiple industries, providing revenue diversification;
- Publicly traded: As a publicly traded company, Matterport shares are easily accessible to individual investors.
Cons
- Volatility: Like all stocks, Matterport’s stock price can be volatile, meaning it may experience rapid fluctuations in value;
- Competition: Matterport faces competition from other companies in the spatial computing and 3D imaging space;
- Market risk: External factors such as economic conditions and regulatory changes can impact Matterport’s stock price.
Common investing mistakes when buying stocks
Failing to research a company thoroughly before investing can lead to poor investment decisions, and it’s one of the most common investing mistakes. Yet, it’s not the only one; hence, you should also be wary of:
- Overlooking fees: Be mindful of brokerage fees and other costs associated with buying and selling stocks;
- Emotional investing: Avoid letting emotions dictate your investment decisions. Stick to your investment strategy and avoid making impulsive trades;
- Ignoring diversification: Diversifying your investment portfolio can help reduce risk. Don’t put all your eggs in one basket.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Matterport stock
Is Matterport a publicly traded company?
Yes, Matterport is a publicly traded company. Its stock is listed on the NASDAQ stock market under the stock symbol MTTR.
Can I buy Matterport stock directly from the company?
No, Matterport stock is traded on the public markets and can be purchased through a brokerage account like eToro.
How much does it cost to buy Matterport stock?
The cost of buying Matterport stock depends on the current market price and the number of shares you wish to purchase, as well as any brokerage fees.
Can I buy fractional shares of Matterport stock?
Some brokerage firms offer the option to buy fractional shares, which allows you to invest in a company with as little as $10.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
