In the past week, MTCH stock has gone up by 0.45%, with a monthly decline of -0.36% and a quarterly plunge of -2.23%. The volatility ratio for the week is 2.26%, and the volatility levels for the last 30 days are 2.87% for Match Group Inc. The simple moving average for the past 20 days is 3.09% for MTCH’s stock, with a -6.40% simple moving average for the past 200 days.
Is It Worth Investing in Match Group Inc. (NASDAQ: MTCH) Right Now?
Match Group Inc. (NASDAQ: MTCH) has a price-to-earnings ratio of 15.80x that is above its average ratio. Additionally, the 36-month beta value for MTCH is 1.14. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for MTCH is 266.42M and currently, short sellers hold a 4.62% ratio of that float. The average trading volume of MTCH on April 02, 2024 was 6.22M shares.
MTCH) stock’s latest price update
The stock price of Match Group Inc. (NASDAQ: MTCH) has plunged by -1.02 when compared to previous closing price of 36.28, but the company has seen a 0.45% gain in its stock price over the last five trading sessions. CNBC Television reported 2024-04-01 that Courtney Garcia, Payne Capital Management senior wealth advisor, joins ‘Power Lunch’ to discuss plays for three stocks including Match Group, Caesars and UnitedHealth.
Analysts’ Opinion of MTCH
Many brokerage firms have already submitted their reports for MTCH stocks, with Wells Fargo repeating the rating for MTCH by listing it as a “Equal Weight.” The predicted price for MTCH in the upcoming period, according to Wells Fargo is $32 based on the research report published on December 07, 2023 of the previous year 2023.
BofA Securities, on the other hand, stated in their research note that they expect to see MTCH reach a price target of $52. The rating they have provided for MTCH stocks is “Buy” according to the report published on October 19th, 2023.
Barclays gave a rating of “Overweight” to MTCH, setting the target price at $56 in the report published on October 09th of the previous year.
MTCH Trading at -0.09% 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 -27.07% of loss for the given period.
Volatility was left at 2.87%, however, over the last 30 days, the volatility rate increased by 2.26%. Over the last 50 days, in opposition, the stock is trading -1.26% lower at present.
During the last 5 trading sessions, MTCH rose by +0.45%, which changed the moving average for the period of 200-days by -16.43% in comparison to the 20-day moving average, which settled at $34.83. In addition, Match Group Inc. saw -1.62% 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 Sine Jared F., who sale 500 shares at the price of $36.05 back on Mar 01 ’24. After this action, Sine Jared F. now owns 54,009 shares of Match Group Inc., valued at $18,025 using the latest closing price.
Sine Jared F., the Chief Bus. Affairs & Leg. Off. of Match Group Inc., sale 500 shares at $38.76 during a trade that took place back on Feb 01 ’24, which means that Sine Jared F. is holding 29,352 shares at $19,380 based on the most recent closing price.
Stock Fundamentals for MTCH
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.7 for the gross margin
The net margin for Match Group Inc. stands at 0.15. The total capital return value is set at 0.24.
Based on Match Group Inc. (MTCH), the company’s capital structure generated 1.08 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at -12.86. The interest coverage ratio of the stock is 5.56.
Currently, EBITDA for the company is 2.21 million with net debt to EBITDA at 3.2. When we switch over and look at the enterprise to sales, we see a ratio of 3.88. The receivables turnover for the company is 11.4for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.39.
Conclusion
In conclusion, Match Group Inc. (MTCH) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
