The stock price of Match Group Inc. (NASDAQ: MTCH) has plunged by -1.47 when compared to previous closing price of 36.84, but the company has seen a 3.66% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-16 that New Guide Offers Expert Safety Tips for Chatting with Matches, Meeting IRL, or Catching a Ride DALLAS, Sept. 16, 2024 /PRNewswire/ — Match Group, the parent company of Tinder and Hinge, is teaming up with Uber and It’s On Us, the largest US nonprofit program in the U.S. dedicated to college sexual assault prevention, to empower millions of students across 2,000+ colleges and universities nationwide with information on how to navigate the dating scene safely.
Is It Worth Investing in Match Group Inc. (NASDAQ: MTCH) Right Now?
Match Group Inc. (NASDAQ: MTCH) has a higher price-to-earnings ratio of 15.75x compared to its average ratio. MTCH has 36-month beta value of 1.32. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for MTCH is 256.27M, and currently, short sellers hold a 7.70% ratio of that float. The average trading volume of MTCH on September 23, 2024 was 5.34M shares.
MTCH’s Market Performance
The stock of Match Group Inc. (MTCH) has seen a 3.66% increase in the past week, with a -2.26% drop in the past month, and a 17.06% gain in the past quarter. The volatility ratio for the week is 2.23%, and the volatility levels for the past 30 days are at 2.36% for MTCH. The simple moving average for the last 20 days is -0.11% for MTCH stock, with a simple moving average of 6.43% 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 2.58% 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 -14.60% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares sank -0.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.06% upper at present.
During the last 5 trading sessions, MTCH rose by +3.66%, which changed the moving average for the period of 200-days by +10.50% in comparison to the 20-day moving average, which settled at $36.33. In addition, Match Group Inc. saw -0.55% 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 5.54.
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 3.56. 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 put it simply, Match Group Inc. (MTCH) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
