A new trading day began on June 28, 2022, with Match Group Inc. (NASDAQ: MTCH) stock priced at $77.00, down -6.38% from the previous day of trading. During the day, the shares moved up to $77.01 and dropped to $71.64 before settling in for the closing price of $76.70. MTCH’s price has ranged from $67.25 to $182.00 over the past 52 weeks.
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A company in the Communication Services sector has jumped its sales by 21.70% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -55.90%. With a float of $277.28 million, this company’s outstanding shares have now reached $284.46 million.
In an organization with 2500 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +69.52, operating margin of +28.55, and the pretax margin is +8.59.
Match Group Inc. (MTCH) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Internet Content & Information Industry. The insider ownership of Match Group Inc. is 0.40%, while institutional ownership is 99.80%. The most recent insider transaction that took place on Oct 21, was worth 28,519,665. In this transaction Director of this company sold 163,220 shares at a rate of $174.73, taking the stock ownership to the 35,475 shares. Before that another transaction happened on Sep 27, when Company’s Director sold 5,976 for $165.22, making the entire transaction worth $987,376. This insider now owns 35,396 shares in total.
Match Group Inc. (MTCH) Latest Financial update
In its latest quarterly report, released on 3/30/2022, the company reported earnings of $0.6 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +9.29. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.6 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -55.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.55% during the next five years compared to 6.60% growth over the previous five years of trading.
Match Group Inc. (NASDAQ: MTCH) Trading Performance Indicators
Here are Match Group Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.16. Likewise, its price to free cash flow for the trailing twelve months is 20.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.90, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 2.87 in one year’s time.
Technical Analysis of Match Group Inc. (MTCH)
Let’s dig in a bit further. During the last 5-days, its volume was 3.1 million. That was inferior than the volume of 3.15 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 71.72%. Additionally, its Average True Range was 4.30.
During the past 100 days, Match Group Inc.’s (MTCH) raw stochastic average was set at 8.82%, which indicates a significant decrease from 22.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.67% in the past 14 days, which was higher than the 69.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $77.41, while its 200-day Moving Average is $116.02. However, in the short run, Match Group Inc.’s stock first resistance to watch stands at $75.33. Second resistance stands at $78.86. The third major resistance level sits at $80.70. If the price goes on to break the first support level at $69.96, it is likely to go to the next support level at $68.12. The third support level lies at $64.59 if the price breaches the second support level.
Match Group Inc. (NASDAQ: MTCH) Key Stats
With a market capitalization of 19.20 billion, the company has a total of 285,593K Shares Outstanding. Currently, annual sales are 2,983 M while annual income is 277,720 K. The company’s previous quarter sales were 798,630 K while its latest quarter income was 180,530 K.