Match Group Inc. (NASDAQ: MTCH) on Monday, plunged -2.20% from the previous trading day, before settling in for the closing price of $32.68. Within the past 52 weeks, MTCH’s price has moved between $27.85 and $49.24.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 14.46%. The company achieved an average annual earnings per share of -3.60%. With a float of $266.42 million, this company’s outstanding shares have now reached $268.89 million.
Considering the fact that the conglomerate employs 2620 people, you should pay attention to its efficiency factor.
Match Group Inc. (MTCH) Breakdown of a Key Holders of the stock
Observing investor behavior towards Internet Content & Information industry stocks is more important than anything else. The insider ownership of Match Group Inc. is 0.59%, while institutional ownership is 95.83%. The most recent insider transaction that took place on Mar 01 ’24, was worth 18,025. In this transaction Chief Bus. Affairs & Leg. Off. of this company sold 500 shares at a rate of $36.05, taking the stock ownership to the 54,009 shares. Before that another transaction happened on Feb 01 ’24, when Company’s Chief Bus. Affairs & Leg. Off. sold 500 for $38.76, making the entire transaction worth $19,380. This insider now owns 29,352 shares in total.
Match Group Inc. (MTCH) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.57 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 26.14% during the next five years compared to 7.04% growth over the previous five years of trading.
Match Group Inc. (NASDAQ: MTCH) Trading Performance Indicators
Match Group Inc. (MTCH) is currently performing well based on its current performance indicators. A quick ratio of 2.39 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.55. Likewise, its price to free cash flow for the trailing twelve months is 10.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.27, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 2.53 in one year’s time.
Technical Analysis of Match Group Inc. (MTCH)
Compared to the last year’s volume of 5.94 million, its volume of 4.8 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 8.13%. Additionally, its Average True Range was 1.13.
During the past 100 days, Match Group Inc.’s (MTCH) raw stochastic average was set at 5.68%, which indicates a significant increase from 1.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.56% in the past 14 days, which was higher than the 32.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.23, while its 200-day Moving Average is $37.92. Nevertheless, the first resistance level for the watch stands at $32.70 in the near term. At $33.45, the stock is likely to face the second major resistance level. The third major resistance level sits at $33.85. If the price goes on to break the first support level at $31.55, it is likely to go to the next support level at $31.15. Now, if the price goes above the second support level, the third support stands at $30.40.
Match Group Inc. (NASDAQ: MTCH) Key Stats
Market capitalization of the company is 8.57 billion based on 268,012K outstanding shares. Right now, sales total 3,365 M and income totals 651,540 K. The company made 866,230 K in profit during its latest quarter, and 229,660 K in sales during its previous quarter.
