The stock of Matrix Service Co. (MTRX) has seen a -9.28% decrease in the past week, with a -16.96% drop in the past month, and a -7.44% decrease in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 3.36% for MTRX. The simple moving average for the last 20 days is -10.39% for MTRX stock, with a simple moving average of 0.41% for the last 200 days.
Is It Worth Investing in Matrix Service Co. (NASDAQ: MTRX) Right Now?
The 36-month beta value for MTRX is at 1.27. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for MTRX is 25.94M, and currently, shorts hold a 1.42% of that float. The average trading volume for MTRX on May 09, 2024 was 206.74K shares.
MTRX) stock’s latest price update
Matrix Service Co. (NASDAQ: MTRX)’s stock price has decreased by -11.35 compared to its previous closing price of 11.84. However, the company has seen a -9.28% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that Matrix Service (MTRX) came out with a quarterly loss of $0.53 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.33 per share a year ago.
Analysts’ Opinion of MTRX
Many brokerage firms have already submitted their reports for MTRX stocks, with Sidoti repeating the rating for MTRX by listing it as a “Buy.” The predicted price for MTRX in the upcoming period, according to Sidoti is $20 based on the research report published on February 19, 2020 of the previous year 2020.
Sidoti, on the other hand, stated in their research note that they expect to see MTRX reach a price target of $20. The rating they have provided for MTRX stocks is “Neutral” according to the report published on February 06th, 2020.
DA Davidson gave a rating of “Buy” to MTRX, setting the target price at $25 in the report published on August 07th of the previous year.
MTRX Trading at -15.33% from the 50-Day Moving Average
After a stumble in the market that brought MTRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.49% of loss for the given period.
Volatility was left at 3.36%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -13.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.21% lower at present.
During the last 5 trading sessions, MTRX fell by -8.43%, which changed the moving average for the period of 200-days by +70.06% in comparison to the 20-day moving average, which settled at $11.63. In addition, Matrix Service Co. saw 7.32% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MTRX starting from DURKIN KEVIN A, who sale 3,900 shares at the price of $13.14 back on Mar 22 ’24. After this action, DURKIN KEVIN A now owns 72,231 shares of Matrix Service Co., valued at $51,250 using the latest closing price.
HEWITT JOHN R, the President & CEO of Matrix Service Co., sale 10,000 shares at $13.25 during a trade that took place back on Mar 20 ’24, which means that HEWITT JOHN R is holding 477,891 shares at $132,502 based on the most recent closing price.
Stock Fundamentals for MTRX
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.06 for the gross margin
The net margin for Matrix Service Co. stands at -0.03. The total capital return value is set at 0.11. Equity return is now at value -12.11, with -4.84 for asset returns.
Based on Matrix Service Co. (MTRX), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is -28.24.
Currently, EBITDA for the company is -35.28 million with net debt to EBITDA at -1.3. When we switch over and look at the enterprise to sales, we see a ratio of 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
In conclusion, Matrix Service Co. (MTRX) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
