The stock price of Mattel, Inc. (NASDAQ: MAT) has plunged by -1.84 when compared to previous closing price of 18.43, but the company has seen a -6.51% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-09 that Mattel (MAT) experiences a boost in sales, particularly in the Hot Wheels brand, and enjoys a varied product range in the North America segment.
Is It Worth Investing in Mattel, Inc. (NASDAQ: MAT) Right Now?
The price-to-earnings ratio for Mattel, Inc. (NASDAQ: MAT) is above average at 30.04x, Company’s 36-month beta value is 0.99.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for MAT is 349.84M, and currently, short sellers hold a 3.34% ratio of that floaft. The average trading volume of MAT on April 16, 2024 was 3.08M shares.
MAT’s Market Performance
MAT’s stock has seen a -6.51% decrease for the week, with a -6.12% drop in the past month and a -0.88% fall in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 1.93% for Mattel, Inc. The simple moving average for the last 20 days is -6.54% for MAT stock, with a simple moving average of -9.01% for the last 200 days.
Analysts’ Opinion of MAT
Many brokerage firms have already submitted their reports for MAT stocks, with JP Morgan repeating the rating for MAT by listing it as a “Neutral.” The predicted price for MAT in the upcoming period, according to JP Morgan is $19 based on the research report published on February 05, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see MAT reach a price target of $19, previously predicting the price at $25. The rating they have provided for MAT stocks is “Equal-Weight” according to the report published on January 17th, 2024.
ROTH MKM gave a rating of “Neutral” to MAT, setting the target price at $20 in the report published on January 04th of the current year.
MAT Trading at -6.47% from the 50-Day Moving Average
After a stumble in the market that brought MAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.10% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares sank -5.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.99% lower at present.
During the last 5 trading sessions, MAT fell by -6.51%, which changed the moving average for the period of 200-days by -4.69% in comparison to the 20-day moving average, which settled at $19.30. In addition, Mattel, Inc. saw -4.18% 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 MAT starting from BRADLEY RICHARD TODD, who sale 12,601 shares at the price of $21.37 back on Aug 09 ’23. After this action, BRADLEY RICHARD TODD now owns 12,729 shares of Mattel, Inc., valued at $269,283 using the latest closing price.
Hugh Yoon J., the SVP & Corporate Controller of Mattel, Inc., sale 7,608 shares at $21.25 during a trade that took place back on Aug 07 ’23, which means that Hugh Yoon J. is holding 8,316 shares at $161,670 based on the most recent closing price.
Stock Fundamentals for MAT
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.47 for the gross margin
The net margin for Mattel, Inc. stands at 0.04. The total capital return value is set at 0.11. Equity return is now at value 10.19, with 3.40 for asset returns.
Based on Mattel, Inc. (MAT), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 1.12. The interest coverage ratio of the stock is 4.6.
Currently, EBITDA for the company is 760.15 million with net debt to EBITDA at 2.22. When we switch over and look at the enterprise to sales, we see a ratio of 1.43. The receivables turnover for the company is 5.03for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.33.
Conclusion
In a nutshell, Mattel, Inc. (MAT) has experienced a bad performance in recent times. The stock has received mixed “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.
