On Monday, Match Group Inc. (NASDAQ: MTCH) was 0.59% up from the session before settling in for the closing price of $35.82. A 52-week range for MTCH has been $27.66 – $45.81.
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A company in the Communication Services sector has jumped its sales by 14.46% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -11.88%. With a float of $256.32 million, this company’s outstanding shares have now reached $268.89 million.
In an organization with 2620 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 69.42%, operating margin of 25.73%, and the pretax margin is 22.03%.
Match Group Inc. (MTCH) Insider and Institutional Ownership
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 0.61%, while institutional ownership is 109.93%. 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) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/30/2024, 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. 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 -11.88% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 30.27% 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
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 2.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.68. Likewise, its price to free cash flow for the trailing twelve months is 10.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.30, a number that is poised to hit 0.49 in the next quarter and is forecasted to reach 2.42 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 3.47 million. That was inferior than the volume of 5.51 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 13.11%. Additionally, its Average True Range was 1.04.
During the past 100 days, Match Group Inc.’s (MTCH) raw stochastic average was set at 74.88%, which indicates a significant increase from 12.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.66% in the past 14 days, which was lower than the 35.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.47, while its 200-day Moving Average is $33.97. However, in the short run, Match Group Inc.’s stock first resistance to watch stands at $36.42. Second resistance stands at $36.80. The third major resistance level sits at $37.13. If the price goes on to break the first support level at $35.70, it is likely to go to the next support level at $35.37. The third support level lies at $34.99 if the price breaches the second support level.
Match Group Inc. (NASDAQ: MTCH) Key Stats
There are 265,668K outstanding shares of the company, which has a market capitalization of 9.29 billion. As of now, sales total 3,365 M while income totals 651,540 K. Its latest quarter income was 864,070 K while its last quarter net income were 133,330 K.
