Mattel Inc. (MAT) Shares: Cheap or Risky?

Mattel Inc. (NASDAQ:MAT) saw a downside of -0.68% to close Monday at $18.88 after subtracting -$0.13 on the day. The 5-day average trading volume is 2,138,140 shares of the company’s common stock. It has gained $19.40 in the past week. An average of 3,006,495 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,470,830.

MAT’s 1-month performance is -5.55% or -$1.11 on its low of $17.94 reached on 10/04/21. The company’s shares have touched a 52-week low of $12.20 and high of $23.31, with the stock’s rally to the 52-week high happening on 04/23/21. YTD, MAT has achieved 8.19% or $1.43. However, the current price is down -19.00%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 62.11 and a low of 19.73. MAT stock has a beta of 1.54. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.29 while the price-to-book (PB) in the most recent quarter is 12.50, with the price to cash flow ratio at 15.05.

Mattel Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.90 meaning that MAT stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 5.38, while the total debt to equity was 5.38. In terms of profitability, the gross margin trailing 12 months is 49.80%. The trailing 12-month EBITDA margin is 13.38% while for the period ending June 29; Mattel Inc.’s operating margin was 12.80%. The firm’s gross profit as reported stood at $2.24 billion against revenue of $4.58 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 28.67% to $1.03 billion, while revenue of $874.19 million was 14.83% off the previous quarter. Analysts expected MAT to announce -$0.05 per share in earnings in its latest quarter, but it posted $0.03, representing a 160.00% surprise. EBITDA for the quarter stood at more than $94.88 million. MAT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.71 billion, with total debt at $3.22 billion. Shareholders hold equity totaling $348.97 million

Technical Picture

Let’s look briefly at Mattel Inc. (MAT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 40.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.30%.

The stock’s 5-day moving average is $18.89, reflecting a +2.89% or $0.53 change from its current price. MAT is currently trading -7.90% above its 20-day SMA, -4.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -13.08% and +7.21% respectively.

Stochastic %K and %D was 42.97% and 39.60% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 39.59%, while the 14-day stochastic is at 37.03% with the period’s ATR at 0.60. The stock’s 9-day MACD Oscillator is pointing at 0.19 and -0.15 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Mattel Inc. (NASDAQ: MAT), Stifel reiterated its a Hold rating for the company but lifted their price target by $24 to $22. Analysts offering their rating for MAT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MAT as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.

What is MAT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $22.00 and a high of $32.00, with their median price target at $26.00. Looking at these predictions, the average price target given by analysts is for Mattel Inc. (MAT) stock is $26.65.

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