The stock price of Match Group Inc. (NASDAQ: MTCH) has jumped by 3.34 compared to previous close of 35.19. Despite this, the company has seen a gain of 7.68% in its stock price over the last five trading days. investorplace.com reported 2024-08-14 that Investing in social media stocks might seem like a no-brainer. The social media market size was $219.06 billion in 2023, and by the end of 2028, it is expected to almost double.
Is It Worth Investing in Match Group Inc. (NASDAQ: MTCH) Right Now?
Match Group Inc. (NASDAQ: MTCH) has a price-to-earnings ratio that is above its average at 15.78x. The stock has a 36-month beta value of 1.32. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for MTCH is 255.95M, and at present, short sellers hold a 5.84% of that float. On August 19, 2024, the average trading volume of MTCH was 5.48M shares.
MTCH’s Market Performance
MTCH stock saw an increase of 7.68% in the past week, with a monthly gain of 4.89% and a quarterly increase of 16.51%. The volatility ratio for the week is 3.46%, and the volatility levels for the last 30 days are 3.51% for Match Group Inc. (MTCH). The simple moving average for the last 20 days is 4.37% for MTCH’s stock, with a simple moving average of 8.54% for the last 200 days.
Analysts’ Opinion of MTCH
Many brokerage firms have already submitted their reports for MTCH stocks, with HSBC Securities repeating the rating for MTCH by listing it as a “Buy.” The predicted price for MTCH in the upcoming period, according to HSBC Securities is $43.20 based on the research report published on August 05, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see MTCH reach a price target of $36. The rating they have provided for MTCH stocks is “Outperform” according to the report published on July 16th, 2024.
Citigroup gave a rating of “Neutral” to MTCH, setting the target price at $33 in the report published on July 15th of the current year.
MTCH Trading at 10.93% 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 -23.94% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares surge +5.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.35% upper at present.
During the last 5 trading sessions, MTCH rose by +7.82%, which changed the moving average for the period of 200-days by +5.23% in comparison to the 20-day moving average, which settled at $34.94. In addition, Match Group Inc. saw -0.37% 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:
- 0.26 for the present operating margin
- 0.69 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 1.03 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at -29.73. The interest coverage ratio of the stock is 11.01.
Currently, EBITDA for the company is 1.03 billion with net debt to EBITDA at 2.93. When we switch over and look at the enterprise to sales, we see a ratio of 3.58. The receivables turnover for the company is 10.71for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.51.
Conclusion
To sum up, Match Group Inc. (MTCH) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
