10 Best Low Priced Technology Stocks To Buy Now

6. Matterport Inc. (NASDAQ:MTTR)

Share Price as of December 24: $4.79

Number of Hedge Fund Holders: 27

Matterport Inc. (NASDAQ:MTTR) is a leading company in 3D spatial mapping, specializing in creating digital twins of physical spaces. This technology helps with various aspects of design, construction, and management by turning buildings into immersive, data-rich models. The company’s platform allows users to visualize and interact with spaces, enhancing their value and accessibility throughout the building lifecycle. Matterport Inc. (NASDAQ:MTTR) is one of the best low-priced stocks in the technology sector.

In the third quarter of 2024, the company achieved record revenues of $43.8 million, reflecting an 8% increase year-over-year. The total square footage managed reached 47.3 billion, a significant 34% growth, while annual recurring revenue hit $101.5 million, marking an 11% rise. Matterport Inc. (NASDAQ:MTTR) also expanded its subscriber base to 1.1 million, up 25% from the previous year, demonstrating strong market demand for its services.

On October 1, 2024, Matterport Inc. (NASDAQ:MTTR) launched a suite of innovative tools powered by generative AI aimed at transforming how professionals design and market properties. Some of these features include an AI-powered defurnish tool that allows users to declutter spaces with a single click and an automated property description generator that creates tailored listings quickly. These tools streamline workflows for real estate agents and enhance property presentations. Additionally, Matterport Inc. (NASDAQ:MTTR) introduced the Merge tool, enabling users to combine multiple digital twins into a cohesive model. This feature is particularly beneficial for large projects, allowing teams to capture and manage extensive properties efficiently.

With its robust financial performance and commitment to innovation, Matterport Inc. (NASDAQ:MTTR) stands out as a promising technology stock. The company’s focus on enhancing user experience through AI-driven tools and its growing subscriber base position it well for future growth in the expanding market for digital solutions in real estate and construction.