-27.29% percent quarterly performance for Match Group Inc. (MTCH) is not indicative of the underlying story

November 20, 2023, Match Group Inc. (NASDAQ: MTCH) trading session started at the price of $32.50, that was 0.49% jump from the session before. During the day, the shares moved up to $33.105 and dropped to $32.36 before settling in for the closing price of $32.43. A 52-week range for MTCH has been $27.85 – $54.60.

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During the last 5-year period, the sales growth of Communication Services Sector giant was 19.36%. When this article was written, the company’s average yearly earnings per share was at 55.41%. With a float of $270.33 million, this company’s outstanding shares have now reached $279.63 million.

Let’s determine the extent of company efficiency that accounts for 2720 employees. In terms of profitability, gross margin is +57.04, operating margin of +16.15, and the pretax margin is +11.84.

Match Group Inc. (MTCH) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Match Group Inc. stocks. The insider ownership of Match Group Inc. is 0.55%, while institutional ownership is 98.75%. The most recent insider transaction that took place on Nov 02, was worth 116,420. In this transaction Director of this company bought 4,000 shares at a rate of $29.11, taking the stock ownership to the 22,243 shares. Before that another transaction happened on Nov 01, when Company’s Chief Bus. Affairs & Leg. Off. sold 500 for $30.25, making the entire transaction worth $15,125. This insider now owns 30,685 shares in total.

Match Group Inc. (MTCH) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 9/29/2023, it has been observed that the corporation posted $0.57 earnings per share (EPS) during the time that was better than consensus figure (set at $0.54) by $0.03. This company achieved a net margin of +11.42. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.49 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 55.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 26.12% during the next five years compared to 0.82% growth over the previous five years of trading.

Match Group Inc. (NASDAQ: MTCH) Trading Performance Indicators

You can see what Match Group Inc. (MTCH) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.96. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.70. Likewise, its price to free cash flow for the trailing twelve months is 11.28.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.76, a number that is poised to hit 0.49 in the next quarter and is forecasted to reach 2.18 in one year’s time.

Technical Analysis of Match Group Inc. (MTCH)

Looking closely at Match Group Inc. (NASDAQ: MTCH), its last 5-days average volume was 7.13 million, which is a jump from its year-to-date volume of 4.8 million. As of the previous 9 days, the stock’s Stochastic %D was 91.82%. Additionally, its Average True Range was 1.50.

During the past 100 days, Match Group Inc.’s (MTCH) raw stochastic average was set at 22.16%, which indicates a significant decrease from 90.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.94% in the past 14 days, which was higher than the 43.60% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $36.14, while its 200-day Moving Average is $39.41. However, in the short run, Match Group Inc.’s stock first resistance to watch stands at $33.01. Second resistance stands at $33.43. The third major resistance level sits at $33.75. If the price goes on to break the first support level at $32.26, it is likely to go to the next support level at $31.94. Should the price break the second support level, the third support level stands at $31.52.

Match Group Inc. (NASDAQ: MTCH) Key Stats

There are 271,812K outstanding shares of the company, which has a market capitalization of 8.86 billion. As of now, sales total 3,189 M while income totals 361,950 K. Its latest quarter income was 881,600 K while its last quarter net income were 163,730 K.


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