Mativ Holdings Inc (NYSE: MATV)’s stock price has plunge by 1.48relation to previous closing price of 16.93. Nevertheless, the company has seen a 2.63% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-06-18 that ALPHARETTA, Ga.–(BUSINESS WIRE)–Mativ Holdings, Inc. (NYSE: MATV) today announced it has appointed John K. Stipancich as an independent member of its board of directors, effective June 13, 2024, for a term of office expiring at the 2027 annual meeting. In connection with his appointment, Stipancich has also been appointed to serve on the Board’s audit committee. “We’re pleased to welcome John to the Board. With over 30 years of experience, he brings a deep well of legal, operational, and fina.
Is It Worth Investing in Mativ Holdings Inc (NYSE: MATV) Right Now?
The 36-month beta value for MATV is at 0.69. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MATV is 53.03M, and currently, shorts hold a 2.47% of that float. The average trading volume for MATV on June 19, 2024 was 323.19K shares.
MATV’s Market Performance
The stock of Mativ Holdings Inc (MATV) has seen a 2.63% increase in the past week, with a -6.17% drop in the past month, and a -2.05% fall in the past quarter. The volatility ratio for the week is 5.10%, and the volatility levels for the past 30 days are at 3.60% for MATV. The simple moving average for the last 20 days is -2.98% for MATV stock, with a simple moving average of 11.94% for the last 200 days.
Analysts’ Opinion of MATV
Many brokerage firms have already submitted their reports for MATV stocks, with CJS Securities repeating the rating for MATV by listing it as a “Market Outperform.” The predicted price for MATV in the upcoming period, according to CJS Securities is $32 based on the research report published on December 12, 2022 of the previous year 2022.
MATV Trading at -3.89% from the 50-Day Moving Average
After a stumble in the market that brought MATV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.17% of loss for the given period.
Volatility was left at 3.60%, however, over the last 30 days, the volatility rate increased by 5.10%, as shares sank -7.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.53% lower at present.
During the last 5 trading sessions, MATV rose by +2.63%, which changed the moving average for the period of 200-days by +4.76% in comparison to the 20-day moving average, which settled at $17.64. In addition, Mativ Holdings Inc saw 12.21% 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 MATV starting from Keenan Jeffrey, who purchase 2,000 shares at the price of $17.73 back on Mar 18 ’24. After this action, Keenan Jeffrey now owns 336,500 shares of Mativ Holdings Inc, valued at $35,460 using the latest closing price.
Keenan Jeffrey, the Director of Mativ Holdings Inc, purchase 500 shares at $17.85 during a trade that took place back on Mar 15 ’24, which means that Keenan Jeffrey is holding 334,500 shares at $8,925 based on the most recent closing price.
Stock Fundamentals for MATV
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.18 for the gross margin
The net margin for Mativ Holdings Inc stands at -0.16. The total capital return value is set at -0.18. Equity return is now at value -49.46, with -16.15 for asset returns.
Based on Mativ Holdings Inc (MATV), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.29. The interest coverage ratio of the stock is -5.64.
Currently, EBITDA for the company is 161.3 million with net debt to EBITDA at -3.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.96. The receivables turnover for the company is 8.33for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.54.
Conclusion
In conclusion, Mativ Holdings Inc (MATV) 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.
