Match Group Inc (NASDAQ: MTCH) on Friday, soared 2.84% from the previous trading day, before settling in for the closing price of $30.58. Within the past 52 weeks, MTCH’s price has moved between $27.66 and $42.42.
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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. The company achieved an average annual earnings per share of -13.37%. With a float of $249.47 million, this company’s outstanding shares have now reached $253.96 million.
In an organization with 2620 employees, it is important to assess its efficiency. 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 Updates
Observing investor behavior towards Internet Content & Information industry stocks is more important than anything else. The insider ownership of Match Group Inc is 0.65%, while institutional ownership is 106.87%. 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) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -13.37% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.95% 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 2.33. Likewise, its price to free cash flow for the trailing twelve months is 9.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.24, a number that is poised to hit 0.56 in the next quarter and is forecasted to reach 2.22 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 6.94 million. That was better than the volume of 5.21 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 20.44%. Additionally, its Average True Range was 1.11.
During the past 100 days, Match Group Inc’s (MTCH) raw stochastic average was set at 16.87%, which indicates a significant decrease from 30.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.64% in the past 14 days, which was lower than the 45.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.45, while its 200-day Moving Average is $33.81. However, in the short run, Match Group Inc’s stock first resistance to watch stands at $31.79. Second resistance stands at $32.13. The third major resistance level sits at $32.77. If the price goes on to break the first support level at $30.81, it is likely to go to the next support level at $30.17. Assuming the price breaks the second support level, the third support level stands at $29.83.
Match Group Inc (NASDAQ: MTCH) Key Stats
Market capitalization of the company is 8.12 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.
