The stock of Mattel Inc. (NASDAQ:MAT) increased by $0.07 on Tuesday to finish at $21.89, up 0.32 percent. The last five days have seen an average of 2,261,120 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $4.05. The average number of shares traded over the last 20 days was 2,667,785, while the average volume over the last 50 days totaled 3,717,600.
MAT stock appreciated 2.77% since last month. On 08/04/23, the company’s shares reached a one-month low of $20.31. The stock touched a high of $24.20 on 07/27/23, after rallying from a low of $15.36 in 52 weeks. The price of MAT stock has risen by 22.70% or $4.05 this year, reaching a new high 13 times. Still, the stock price is down -9.55% 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 21 days ago on Aug 09. On Aug 09, Director BRADLEY RICHARD TODD sold 12,601 shares at $21.37 each. This transaction resulted in the insider making $269,283. On Aug 07, Hugh Yoon J. sold 7,608 shares at a price of US$21.25. After the transaction, the insider now owns 8,316 shares. EVP & Chief Supply Chain Offr Isaias Zanatta Roberto Jacobo had earlier sold 25,000 shares on Aug 04 for $20.36 a share. The transaction was completed for $509,050.
Valuation Metrics
Mattel Inc. (MAT) has a trailing price-to-earnings (P/E) ratio of 34.97. Beta for the stock is 1.20. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.49, the price-to-book (PB) ratio of 3.96, and the price-to-cash flow ratio of 20.91.
Company paid $0.15 per share in dividends, a decrease of -60.53% from $0.38 last year.
Financial Health
For the three months ended June 29, Mattel Inc.’s quick ratio was 1.40, while its current ratio was 2.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.19, and the total debt to equity ratio is 1.19. As far as profitability goes, gross margin for the trailing twelve months is 45.10% percent. Mattel Inc.’s EBITDA margin for the year ended June 29 was 15.92%, whereas its operating margin stood at 8.30% for the same period. Based on annual data, it had gross profit of $2.48 billion and revenue of $5.43 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MAT’s return on assets (ROA) during the last 12 months has been 3.70%. There was a 12.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 11.40%.
Earnings Surprise
According to Mattel Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.09 billion, while revenues fell by -13.66% to $814.58 million. It was predicted that Mattel Inc.’s quarterly earnings would be $0.1, but it ended up being -$0.02. EBITDA was $106.58 million for the quarter. At the end of Mattel Inc.’s most recent quarter ended June 29, its liabilities totaled 3.94 billion, while its total debt was $2.65 billion. Equity owned by shareholders amounts to $354.14 million.
Technical Picture
Here’s a quick look at Mattel Inc.’s (MAT) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 62.95%, suggesting the stock is Neutral, with a 20.68% historical volatility rate.
The stochastic %K and %D were 84.14% and 78.83% respectively, while the average true range (ATR) was 0.52. Based on the 14-day stochastic reading of 81.60%, the RSI (14) reading is 60.51%. On the 9-day MACD Oscillator, the stock is at 0.48, and the 14-day reading is at 0.46.
What is MAT’s price target for the next 12 months?
The current consensus forecast for the stock is between $21.00 and $26.00, with a median target price of $25.00. In analyzing these forecasts, the average price target given by analysts for Mattel Inc. (MAT) is $24.50.
