Match Group Inc. (NASDAQ: MTCH)’s stock price has dropped by -0.68 in relation to previous closing price of 32.18. Schwab Network reported 2024-04-18 that Seasons of love might be impacting the online dating company, Match Group. That’s the verdict from Morgan Stanley’s analyst saying innovation and improving the user experience could be the “key unlock” for MTCH.
Is It Worth Investing in Match Group Inc. (NASDAQ: MTCH) Right Now?
The price-to-earnings ratio for Match Group Inc. (NASDAQ: MTCH) is above average at 14.06x, Company’s 36-month beta value is 1.15.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for MTCH is 266.42M, and currently, short sellers hold a 5.41% ratio of that floaft. The average trading volume of MTCH on April 23, 2024 was 5.50M shares.
MTCH’s Market Performance
MTCH stock saw a decrease of 0.00% in the past week, with a monthly decline of -10.45% and a quarterly a decrease of -11.76%. The volatility ratio for the week is 2.68%, and the volatility levels for the last 30 days are 2.84% for Match Group Inc. (MTCH).. The simple moving average for the past 20 days is -6.38% for MTCH’s stock, with a -15.29% simple moving average for the past 200 days.
Analysts’ Opinion of MTCH
Many brokerage firms have already submitted their reports for MTCH stocks, with Morgan Stanley repeating the rating for MTCH by listing it as a “Equal-Weight.” The predicted price for MTCH in the upcoming period, according to Morgan Stanley is $37 based on the research report published on April 18, 2024 of the current year 2024.
Wells Fargo gave a rating of “Equal Weight” to MTCH, setting the target price at $32 in the report published on December 07th of the previous year.
MTCH Trading at -8.50% 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 2.84%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares sank -10.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.76% lower at present.
During the last 5 trading sessions, MTCH remain unchanged, which changed the moving average for the period of 200-days by -22.30% in comparison to the 20-day moving average, which settled at $33.95. 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 a nutshell, Match Group Inc. (MTCH) 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.
