In the past week, MTCH stock has gone down by -6.14%, with a monthly decline of -4.08% and a quarterly plunge of -13.34%. The volatility ratio for the week is 3.55%, and the volatility levels for the last 30 days are 2.94% for Match Group Inc. The simple moving average for the last 20 days is -8.48% for MTCH stock, with a simple moving average of -15.84% for the last 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 14.06x 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 5.41% ratio of that float. The average trading volume of MTCH on April 16, 2024 was 5.63M shares.
MTCH) stock’s latest price update
The stock of Match Group Inc. (NASDAQ: MTCH) has decreased by -2.20 when compared to last closing price of 32.68. Despite this, the company has experienced a -6.14% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-10 that Paul Singer’s Elliott Investment Management bought a $1B conviction stake in Match Group earlier this year, and investors could buy at an even cheaper price today. MTCH owns almost every leading dating app, is profitable, trades at a discount valuation, and has committed to returning 50% of FCF to shareholders via buybacks in 2024. Only 30% of Americans have ever used a dating app, indicating ample runway for growth. Loss of “third places” means daters often have no choice but to rely on apps.
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 -9.61% 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 -35.09% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 3.55%, as shares sank -4.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.44% lower at present.
During the last 5 trading sessions, MTCH fell by -6.14%, which changed the moving average for the period of 200-days by -23.81% in comparison to the 20-day moving average, which settled at $34.84. In addition, Match Group Inc. saw -12.44% 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 3.47. 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.
