As of Friday close, Mattel Inc.’s (NASDAQ:MAT) stock was down -$0.04, moving down -0.19 percent to $21.49. The average number of shares traded per day over the past five days has been 2,722,660 shares. 1 time new highs have been achieved over the past 5 days, with a $0.42 gain in that time frame. In the last twenty days, the average volume was 2,500,700, while in the previous 50 days, it was 3,341,106.
Since last month, MAT stock retreated -0.32%. Shares of the company fell to $20.97 on 09/15/23, the lowest level in the past month. A 52-week high of $22.64 was reached on 07/27/23 after having rallying from a 52-week low of $15.36. Since the beginning of this year, MAT’s stock price has risen by 20.46% or $3.65, and marked a new high 13 times. However, the stock has declined by -5.08% since its 52-week high.
MAT stock investors should be aware that Mattel Inc. (MAT) stock had its last reported insider trading activity 45 days ago on Aug 09. BRADLEY RICHARD TODD, the Director of the company, disposed of 12,601 shares for $21.37 on Aug 09. It resulted in a $269,283 divestment by the insider. Hugh Yoon J. sold 7,608 shares at an average price of $21.25 on Aug 07. The insider now owns 8,316 shares following the transaction. On Aug 04, EVP & Chief Supply Chain Offr Isaias Zanatta Roberto Jacobo sold 25,000 shares at $20.36 apiece. The transaction was valued at $509,050.
Valuation Metrics
Right now, Mattel Inc. (MAT) has a P/E ratio of about 34.33. The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 1.52, the price-to-book (PB) ratio of 3.89, and the price-to-cash flow ratio of 21.26 may also be considered.
The latest dividend of $0.15 per share was paid out, which is -60.53% less than last year’s $0.38.
Financial Health
In the three months ended June 29, Mattel Inc.’s quick ratio stood at 1.40, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.19, and the total debt-to-equity ratio was 1.19. On the profitability front, the trailing twelve-month gross margin is 45.10% percent. In the year ended June 29, EBITDA margin amounted to 15.92%, whereas operating margins totaled 8.30%. Based on annual data, MAT earned $2.48 billion in gross profit and brought in $5.43 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 12.30%. Return on equity (ROE) for the past 12 months was 11.40%.
In Mattel Inc.’s quarter-end financial report for June 29, it reported total debt of $2.33 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MAT’s revenue fell -13.66% to $814.58 million during the quarter, while net income inched up to $1.09 billion. While analysts expected Mattel Inc. to report -$0.02 quarterly earnings, the actual figure was $0.1 per share. During the quarter, the company generated $106.58 million in EBITDA. The liabilities of Mattel Inc. were 3.94 billion at the end of its most recent quarter ended June 29, and its total debt was $2.65 billion. The value of shareholders’ equity is $354.14 million.
Technical Picture
This quick technical analysis looks at Mattel Inc.’s (MAT) price momentum. With a historical volatility rate of 13.97%, the RSI 9-day stood at 49.53% on 22 September.
With respect to its five-day moving average, the current Mattel Inc. price is up by +1.99% percent or $0.42. At present, MAT shares trade +1.03% above its 20-day simple moving average and +21.89% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.51% below its SMA50 and +18.93% above its SMA200.
Stochastic coefficient K was 35.60% and Stochastic coefficient D was 32.91%, while ATR was 0.46. Given the Stochastic reading of 37.37% for the 14-day period, the RSI (14) reading has been calculated as 50.64%. As of today, the MACD Oscillator reading stands at 0.07, while the 14-day reading stands at -0.06.
Analyst Ratings
Mattel Inc. (MAT) has been rated Buy by analysts. According to 0 brokerage firms, MAT is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Mattel Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $25.00, the current consensus forecast for the stock is $21.00 – $26.00. Based on these forecasts, analysts predict Mattel Inc. (MAT) will achieve an average price target of $24.50.
