Match Group Inc. (NASDAQ: MTCH) on Monday, plunged -1.51% from the previous trading day, before settling in for the closing price of $38.43. Within the past 52 weeks, MTCH’s price has moved between $27.66 and $42.42.
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Communication Services Sector giant saw their annual sales surged by 14.46% over the last five years. The company achieved an average annual earnings per share of -12.16%. With a float of $256.27 million, this company’s outstanding shares have now reached $268.89 million.
The firm has a total of 2620 workers. Let’s measure their productivity. 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 Activity
Observing investor behavior towards Internet Content & Information industry stocks is more important than anything else. The insider ownership of Match Group Inc. is 0.63%, while institutional ownership is 110.01%. 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) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.57 earnings per share (EPS) for the period topping the consensus outlook (set at 0.54) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -12.16% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 24.15% 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 2.51 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 2.81. Likewise, its price to free cash flow for the trailing twelve months is 10.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.30, a number that is poised to hit 0.48 in the next quarter and is forecasted to reach 2.43 in one year’s time.
Technical Analysis of Match Group Inc. (MTCH)
Analysing the last 5-days average volume posted by the [Match Group Inc., MTCH], we can find that recorded value of 2.79 million was lower than the volume posted last year of 5.28 million. As of the previous 9 days, the stock’s Stochastic %D was 72.99%. Additionally, its Average True Range was 0.89.
During the past 100 days, Match Group Inc.’s (MTCH) raw stochastic average was set at 89.81%, which indicates a significant increase from 63.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.19% in the past 14 days, which was lower than the 34.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.71, while its 200-day Moving Average is $34.46. Now, the first resistance to watch is $38.42. This is followed by the second major resistance level at $38.99. The third major resistance level sits at $39.38. If the price goes on to break the first support level at $37.45, it is likely to go to the next support level at $37.06. Should the price break the second support level, the third support level stands at $36.49.
Match Group Inc. (NASDAQ: MTCH) Key Stats
Market capitalization of the company is 9.76 billion based on 265,668K outstanding shares. Right now, sales total 3,365 M and income totals 651,540 K. The company made 864,070 K in profit during its latest quarter, and 133,330 K in sales during its previous quarter.
