The stock price of Match Group Inc. (NASDAQ: MTCH) has jumped by 2.69 compared to previous close of 31.58. Despite this, the company has seen a gain of 9.19% in its stock price over the last five trading days. MarketBeat reported 2023-11-14 that When it comes down to it, all investing and trading is about nothing more than buying low and selling high. Ideally, you want to find stocks with as much upside as possible and just ride the wave.
Is It Worth Investing in Match Group Inc. (NASDAQ: MTCH) Right Now?
The price-to-earnings ratio for Match Group Inc. (NASDAQ: MTCH) is 18.45x, which is above its average ratio. Moreover, the 36-month beta value for MTCH is 1.09. Analysts have varying opinions on the stock, with 16 analysts rating it as a “buy,” 3 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Match Group Inc. (MTCH) is $43.41, which is $10.98 above the current market price. The public float for MTCH is 270.33M and currently, short sellers hold a 3.86% of that float. On November 20, 2023, MTCH’s average trading volume was 4.93M shares.
MTCH’s Market Performance
MTCH stock saw a decrease of 9.19% in the past week, with a monthly decline of -10.41% and a quarterly a decrease of -26.94%. The volatility ratio for the week is 4.11%, and the volatility levels for the last 30 days are 4.58% for Match Group Inc. (MTCH). The simple moving average for the past 20 days is 1.59% for MTCH’s stock, with a -18.08% simple moving average for the past 200 days.
Analysts’ Opinion of MTCH
Many brokerage firms have already submitted their reports for MTCH stocks, with BofA Securities repeating the rating for MTCH by listing it as a “Buy.” The predicted price for MTCH in the upcoming period, according to BofA Securities is $52 based on the research report published on October 19, 2023 of the current year 2023.
MTCH Trading at -11.37% from the 50-Day Moving Average
After a stumble in the market that brought MTCH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.60% of loss for the given period.
Volatility was left at 4.58%, however, over the last 30 days, the volatility rate increased by 4.11%, as shares sank -8.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.38% lower at present.
During the last 5 trading sessions, MTCH rose by +9.19%, which changed the moving average for the period of 200-days by -38.31% in comparison to the 20-day moving average, which settled at $31.77. In addition, Match Group Inc. saw -21.84% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MTCH starting from Schiffman Glenn, who purchase 4,000 shares at the price of $29.11 back on Nov 02. After this action, Schiffman Glenn now owns 22,243 shares of Match Group Inc., valued at $116,420 using the latest closing price.
Sine Jared F., the Chief Bus. Affairs & Leg. Off. of Match Group Inc., sale 500 shares at $30.25 during a trade that took place back on Nov 01, which means that Sine Jared F. is holding 30,685 shares at $15,125 based on the most recent closing price.
Stock Fundamentals for MTCH
Current profitability levels for the company are sitting at:
- +16.15 for the present operating margin
- +57.04 for the gross margin
The net margin for Match Group Inc. stands at +11.42. The total capital return value is set at 13.83, while invested capital returns managed to touch 9.96.
When we switch over and look at the enterprise to sales, we see a ratio of 3.71, with the company’s debt to enterprise value settled at 0.25. The receivables turnover for the company is 13.70 and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.59.
Conclusion
To wrap up, the performance of Match Group Inc. (MTCH) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
