The Mattel, Inc. (NASDAQ:MAT) is going up by 0.51% in today’s trading session, a rise equivalent to 0.06% of the stock’s price from yesterday’s market close. A news came out 22 hours ago stating that Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Mattel, Inc. (MAT) by WSJ. The lowest point that the shares touched during the trading session was $10.63, while the peak of the day was recorded at a share price of $11.18. MAT finished the previous session at $10.74 according to the data provided by Barchart, while the trading volume was observed to be $1,398,883.
In the 100 days of trading, MAT managed to top a 11.96% Moving average. Additionally, Mattel, Inc. shares have achieved a 52-week range between 9.09 and 17.26 alongside 100 days raw stochastic set at 23.36%.
The number of shares outstanding, according to the fundamentals of the company, is set at 410.30M, equal to the value of $4.41B in market capitalization. Financial analysts indicate that MAT shares should be still ranked as a “Hold”. In the last 30 days, Mattel, Inc. shares went down by -26.88%, adding 14.77 to growth in value, on top of a +1.60% boost since 07/16/19.
Mattel, Inc. (NASDAQ:MAT) Analyst’s Estimates
Mattel, Inc. (MAT) could record at least $0.15 per share in quarterly earnings in the upcoming report on 10/17/2019, a number that would actually represent an increase of 134.10% YOY.
According to the average analyst rating, Mattel, Inc. would be rated as 2.73. Out of 15 different analysts monitoring MAT stock, 2 analysts rate the stock as a BUY, 11 suggest to give the rating of HOLD, 1 indicate that MAT is an OUTPERFORM, 0 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERPERFORM.
On Jun-19-18, the stock earned a Downgrade rating due to a new analyst call from UBS, while analysts from Jefferies believe that the stock is set at Hold from Underperform, as concluded on Apr-11-18. Jefferies, is still rather wary about the stock, deciding to keep the rating at Underperform as confirmed through a call on Feb-26-18.
Regardless of the rating, Citigroup did increase their price from $19 to $20 as they are considering target share price analysis. B. Riley FBR, Inc., on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Dec-21-17, giving the stock a Neutral rating.
MAT Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +39.24% has been attained, while the operating margin has been recorded at -2.61%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -9.25%. Beta value of the stock is recorded at 1.58. Additionally, Mattel, Inc. is recording price volatility of 7.25% for the period of the last seven days and 5.25% in the last 30 days.
Mattel, Inc. (NASDAQ:MAT) Technical Outlook
For the period of the last 50 days, Mattel, Inc. had its Raw Stochastic average set at 11.97% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 4.11%. Stochastic %K for Mattel, Inc., with the last 20 days included, was set at 4.41%, having Stochastic %D topping 7.56%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Mattel, Inc. stocks with recording -30.98% in metrics.
Mattel, Inc. Insider Watch:
As far as the position of shares issued by Mattel, Inc. (NASDAQ:MAT) for the period concluded at the market close of 08/15/19, 129 institutional investors increased their positions in MAT shares by 50,552,721, 221 decreased positions by 63,501,753 and 72 institutional investors decided to hold positions at 306,110,544. These numbers put the complete list of institutional holdings set at 420,165,018 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 37 institutional investments with 12,323,683 new shares in addition to having 101 institutional investors selling their positions in 32,123,662 shares.