Match Group Inc (NASDAQ: MTCH) on Tuesday, plunged -1.05% from the previous trading day, before settling in for the closing price of $33.20. Within the past 52 weeks, MTCH’s price has moved between $27.66 and $42.42.
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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 -12.47%. With a float of $249.51 million, this company’s outstanding shares have now reached $253.96 million.
Considering the fact that the conglomerate employs 2620 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 69.61%, operating margin of 24.68%, and the pretax margin is 20.98%.
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 106.18%. The most recent insider transaction that took place on Nov 22 ’24, was worth 25,320. In this transaction Director of this company sold 801 shares at a rate of $31.61, taking the stock ownership to the 12,398 shares. Before that another transaction happened on Mar 01 ’24, when Company’s Chief Bus. Affairs & Leg. Off. sold 500 for $36.05, making the entire transaction worth $18,025. This insider now owns 54,009 shares in total.
Match Group Inc (MTCH) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -12.47% 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
Match Group Inc (MTCH) is currently performing well based on its current performance indicators. A quick ratio of 2.49 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 2.37. Likewise, its price to free cash flow for the trailing twelve months is 9.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.24, a number that is poised to hit 0.58 in the next quarter and is forecasted to reach 2.30 in one year’s time.
Technical Analysis of Match Group Inc (MTCH)
Compared to the last year’s volume of 5.2 million, its volume of 2.7 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 89.22%. Additionally, its Average True Range was 1.01.
During the past 100 days, Match Group Inc’s (MTCH) raw stochastic average was set at 31.78%, which indicates a significant decrease from 76.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.62% in the past 14 days, which was lower than the 46.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.27, while its 200-day Moving Average is $33.97. Nevertheless, the first resistance level for the watch stands at $33.42 in the near term. At $34.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $34.30. If the price goes on to break the first support level at $32.55, it is likely to go to the next support level at $32.25. Should the price break the second support level, the third support level stands at $31.67.
Match Group Inc (NASDAQ: MTCH) Key Stats
Market capitalization of the company is 8.25 billion based on 251,091K outstanding shares. Right now, sales total 3,365 M and income totals 651,540 K. The company made 895,480 K in profit during its latest quarter, and 136,470 K in sales during its previous quarter.
