At the last check on Friday, Match Group Inc.’s (NASDAQ:MTCH) stock was up $0.31, moving up 0.68 percent to $44.87. The average number of shares traded per day over the past five days has been 3,357,875 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.17 fall in that time frame. In the last twenty days, the average volume was 4,784,619, while in the previous 50 days, it was 4,792,728.
Since last month, MTCH stock retreated -2.08%. Shares of the company fell to $42.59 on 08/08/23, the lowest level in the past month. A 52-week high of $65.46 was reached on 01/31/23 after having rallying from a 52-week low of $30.73. Since the beginning of this year, MTCH’s stock price has risen by 8.13% or $3.29, and marked a new high 10 times. However, the stock has declined by -31.47% since its 52-week high.
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MTCH stock investors should be aware that Match Group Inc. (MTCH) stock had its last reported insider trading activity 9 days ago on Aug 09. MCDANIEL ANN, the Director of the company, disposed of 8,735 shares for $45.82 on Aug 09. It resulted in a $400,256 divestment by the insider. Sine Jared F. sold 500 shares at an average price of $45.66 on Aug 01. The insider now owns 32,185 shares following the transaction. On Jul 03, Chief Bus. Affairs & Leg. Off. Sine Jared F. sold 500 shares at $41.89 apiece. The transaction was valued at $20,945.
Valuation Metrics
Right now, Match Group Inc. (MTCH) has a P/E ratio of about 27.13. The stock’s beta is 1.10.
Financial Health
In the three months ended June 29, Match Group Inc.’s quick ratio stood at 2.10, while its current ratio was 2.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 69.70% percent. In the year ended June 29, EBITDA margin amounted to 29.00%, whereas operating margins totaled 22.70%. Based on annual data, MTCH earned $2.23 billion in gross profit and brought in $3.19 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.50%. Return on equity (ROE) for the past 12 months was -120.00%.
In Match Group Inc.’s quarter-end financial report for June 29, it reported total debt of $3.84 billion against cash and short-term investments of $8.35 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MTCH’s revenue rose 4.22% to $787.12 million during the quarter, while net income inched up to $829.55 million. While analysts expected Match Group Inc. to report $0.45 quarterly earnings, the actual figure was $0.48 per share, beating the consensus estimate by 6.70%. During the quarter, the company generated $240.68 million in EBITDA. The liabilities of Match Group Inc. were 4.52 billion at the end of its most recent quarter ended June 29, and its total debt was $3.94 billion. The value of shareholders’ equity is $278.09 million.
Technical Picture
This quick technical analysis looks at Match Group Inc.’s (MTCH) price momentum. With a historical volatility rate of 36.29%, the RSI 9-day stood at 47.68% on 17 August.
With respect to its five-day moving average, the current Match Group Inc. price is down by -0.39% percent or -$0.17. At present, MTCH shares trade -0.12% below its 20-day simple moving average and +11.05% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.90% above its SMA50 and +3.67% above its SMA200.
Stochastic coefficient K was 31.95% and Stochastic coefficient D was 35.30%, while ATR was 1.66. Given the Stochastic reading of 33.01% for the 14-day period, the RSI (14) reading has been calculated as 50.33%. As of today, the MACD Oscillator reading stands at -0.35, while the 14-day reading stands at -0.35.
Analyst Ratings
BTIG Research upgraded its rating on Match Group Inc. (NASDAQ: MTCH) to a Buy in a note to investors on August 02, 2023. The analysts firm previously had a Neutral rating on the stock.Match Group Inc. (MTCH) has been rated Overweight by analysts. According to 0 brokerage firms, MTCH is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Match Group Inc. stock as buy, with 14 recommending it as overweight.
With a median target price of $58.00, the current consensus forecast for the stock is $44.00 – $97.00. Based on these forecasts, analysts predict Match Group Inc. (MTCH) will achieve an average price target of $56.90.
