Match Group Inc. (NASDAQ: MTCH) has a price-to-earnings ratio of 14.98x 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 09, 2024 was 5.96M shares.
MTCH) stock’s latest price update
Match Group Inc. (NASDAQ: MTCH)’s stock price has soared by 1.01 in relation to previous closing price of 33.71. Nevertheless, the company has seen a loss of -5.18% in its stock price over the last five trading days. 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.
MTCH’s Market Performance
MTCH’s stock has fallen by -5.18% in the past week, with a monthly drop of -0.18% and a quarterly drop of -7.17%. The volatility ratio for the week is 3.11% while the volatility levels for the last 30 days are 2.88% for Match Group Inc. The simple moving average for the last 20 days is -2.36% for MTCH’s stock, with a simple moving average of -10.78% for the last 200 days.
Analysts’ Opinion of MTCH
Wells Fargo, on the other hand, stated in their research note that they expect to see MTCH reach a price target of $32. The rating they have provided for MTCH stocks is “Equal Weight” according to the report published on December 07th, 2023.
BofA Securities gave a rating of “Buy” to MTCH, setting the target price at $52 in the report published on October 19th of the previous year.
MTCH Trading at -4.85% 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 -30.85% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 3.11%, as shares surge +0.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.51% lower at present.
During the last 5 trading sessions, MTCH fell by -5.18%, which changed the moving average for the period of 200-days by -16.97% in comparison to the 20-day moving average, which settled at $34.88. In addition, Match Group Inc. saw -6.71% 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
- 0.71 for the gross margin
The net margin for Match Group Inc. stands at 0.19. The total capital return value is set at 0.23.
Based on Match Group Inc. (MTCH), the company’s capital structure generated 1.01 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at -197.39. The interest coverage ratio of the stock is 5.73.
Currently, EBITDA for the company is 1.03 billion with net debt to EBITDA at 2.97. When we switch over and look at the enterprise to sales, we see a ratio of 3.63. The receivables turnover for the company is 10.14for trailing twelve months and the total asset turnover is 0.75. 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.
