As of Wednesday close, Match Group Inc.’s (NASDAQ:MTCH) stock was down -$0.84, moving down -1.98 percent to $41.58. The average number of shares traded per day over the past five days has been 4,828,380 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.93 fall in that time frame. In the last twenty days, the average volume was 3,837,840, while in the previous 50 days, it was 4,332,324.
Since last month, MTCH stock retreated -6.33%. Shares of the company fell to $41.55 on 09/20/23, the lowest level in the past month. A 52-week high of $54.60 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 0.22% or $0.09, and marked a new high 10 times. However, the stock has declined by -23.85% since its 52-week high.
MTCH stock investors should be aware that Match Group Inc. (MTCH) stock had its last reported insider trading activity 20 days ago on Sep 01. Sine Jared F., the Chief Bus. Affairs & Leg. Off. of the company, disposed of 500 shares for $47.38 on Sep 01. It resulted in a $23,690 divestment by the insider. MCDANIEL ANN sold 8,735 shares at an average price of $45.82 on Aug 09. The insider now owns 12,516 shares following the transaction. On Aug 01, Chief Bus. Affairs & Leg. Off. Sine Jared F. sold 500 shares at $45.66 apiece. The transaction was valued at $22,830.
Valuation Metrics
Right now, Match Group Inc. (MTCH) has a P/E ratio of about 25.14. The stock’s beta is 1.11.
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. 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 24.93%, the RSI 9-day stood at 30.32% on 20 September.
With respect to its five-day moving average, the current Match Group Inc. price is down by -2.19% percent or -$0.93. At present, MTCH shares trade -7.23% below its 20-day simple moving average and +18.83% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.31% below its SMA50 and -16.77% below its SMA200.
Stochastic coefficient K was 6.48% and Stochastic coefficient D was 17.29%, while ATR was 1.40. Given the Stochastic reading of 0.48% for the 14-day period, the RSI (14) reading has been calculated as 35.93%. As of today, the MACD Oscillator reading stands at -0.88, while the 14-day reading stands at -1.83.
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 15 recommending it as overweight.
With a median target price of $56.00, 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 $56.57.
