On Monday, Match Group Inc (NASDAQ: MTCH) opened higher 4.52% from the last session, before settling in for the closing price of $30.56. Price fluctuations for MTCH have ranged from $27.66 to $42.42 over the past 52 weeks.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 14.46%. Company’s average yearly earnings per share was noted -12.31% at the time writing. With a float of $256.27 million, this company’s outstanding shares have now reached $268.89 million.
Let’s determine the extent of company efficiency that accounts for 2620 employees. In terms of profitability, gross margin is 71.42%, operating margin of 24.68%, and the pretax margin is 20.98%.
Match Group Inc (MTCH) Insider Activity
A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Match Group Inc is 0.63%, while institutional ownership is 109.36%. 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
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.81 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.49) by 0.32. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.51 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -12.31% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 23.92% 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
Check out the current performance indicators for Match Group Inc (MTCH). In the past 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 2.32. Likewise, its price to free cash flow for the trailing twelve months is 9.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.25, a number that is poised to hit 0.58 in the next quarter and is forecasted to reach 2.31 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 10.26 million, which is a jump from its year-to-date volume of 5.29 million. As of the previous 9 days, the stock’s Stochastic %D was 11.99%. Additionally, its Average True Range was 1.35.
During the past 100 days, Match Group Inc’s (MTCH) raw stochastic average was set at 28.98%, which indicates a significant increase from 23.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 85.59% in the past 14 days, which was higher than the 46.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.59, while its 200-day Moving Average is $34.35. However, in the short run, Match Group Inc’s stock first resistance to watch stands at $32.59. Second resistance stands at $33.25. The third major resistance level sits at $34.26. If the price goes on to break the first support level at $30.92, it is likely to go to the next support level at $29.91. Should the price break the second support level, the third support level stands at $29.25.
Match Group Inc (NASDAQ: MTCH) Key Stats
There are currently 257,895K shares outstanding in the company with a market cap of 8.09 billion. Presently, the company’s annual sales total 3,365 M according to its annual income of 651,540 K. Last quarter, the company’s sales amounted to 864,070 K and its income totaled 133,330 K.
