Mattel Inc. (NASDAQ:MAT) finished Thursday with a subtraction of -$0.29 to close at $21.27, a downside of -1.35 percent. An average of 2,513,060 shares of common stock have been traded in the last five days. There was a gain of $0.44 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 2,960,740 shares traded, while the 50-day average volume stands at 3,733,698.
MAT stock has decreased by -0.23% in the last month. The company shares reached their 1-month lowest point of $20.31 on 08/04/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $15.36 and a high of $24.20 in 52 weeks. It has reached a new high 13 times so far this year and achieved 19.23% or $3.43 in price. In spite of this, the price is down -12.11% from the 52-week high.
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Insider Transactions
MAT stock investors should be aware that Mattel Inc. (MAT) stock had its last reported insider trading activity 16 days ago on Aug 09. In this transaction, the insider spent $269,283. SVP & Corporate Controller, Hugh Yoon J., disposed of 7,608 shares at a price of $21.25 on Aug 07. The insider now owns more than $161,670 worth of shares. Prior to that, EVP & Chief Supply Chain Offr Isaias Zanatta Roberto Jacobo went on to Sale 25,000 shares at $20.36 each on Aug 04. An amount of $509,050 was transacted.
Valuation Metrics
Mattel Inc. (MAT) has a trailing price-to-earnings (P/E) ratio of 33.98. The stock’s beta is 1.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.49, the price-to-book (PB) ratio at 3.85, and the price-to-cash flow ratio at 20.95.
Financial Health
The quick ratio of Mattel Inc. for the three months ended June 29 was 1.40, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.19 and a total debt to equity ratio of 1.19 for the quarter ending June 29. Mattel Inc.’s EBITDA margin for the year ending June 29 is 15.92%, while its operating margin for the same period stands at 8.30%. Its gross profit as reported stood at $2.48 billion compared to revenue of $5.43 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Mattel Inc.’s return on assets was 3.70%.
Earnings Surprise
For the three-month period that ended June 29, Mattel Inc. had $2.33 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $27.19 million in the quarter, while revenues were shrunk -144.35%. The analyst consensus anticipated Mattel Inc.’s latest quarter earnings to come in at -$0.02 per share, but it turned out to be $0.1, a 600.00% surprise. For the quarter, EBITDA amounted to $106.58 million. Shareholders own equity worth $354.14 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Mattel Inc. (MAT) price momentum. RSI 9-day as of the close on 24 August was 51.83%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.01%.
As of today, MAT’s price is $21.19 +2.11% or $0.44 from its 5-day moving average. MAT is currently trading +0.14% higher than its 20-day SMA and +15.54% higher than its 100-day SMA. However, the stock’s current price level is +11.77% above the SMA50 and +21.40% above the SMA200.
The stochastic %K and %D were 66.70% and 59.95%, respectively, and the average true range (ATR) was 0.55. With the 14-day stochastic at 55.47% and the average true range at 0.57, the RSI (14) stands at 53.39%. The stock has reached 0.16 on the 9-day MACD Oscillator while the 14-day reading was at 0.05.
Analyst Ratings
The consensus rating for Mattel Inc. (MAT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MAT, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.
What is MAT’s price target for the next 12 months?
Analysts predict a range of price targets between $21.00 and $26.00, with a median target of $25.00. Taking a look at these predictions, the average price target given by analysts for Mattel Inc. (MAT) stock is $24.50.
