A new trading day began on Monday, with Match Group Inc (NASDAQ: MTCH) stock price down -2.67% from the previous day of trading, before settling in for the closing price of $33.76. MTCH’s price has 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%. Meanwhile, its annual earnings per share averaged -13.43%. With a float of $249.47 million, this company’s outstanding shares have now reached $253.96 million.
Let’s determine the extent of company efficiency that accounts for 2620 employees. 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Internet Content & Information Industry. The insider ownership of Match Group Inc is 0.65%, while institutional ownership is 106.88%. 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
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 -13.43% 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
Here are Match Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.49. 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 0.56 in the next quarter and is forecasted to reach 2.20 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 5.9 million, which is a jump from its year-to-date volume of 5.23 million. As of the previous 9 days, the stock’s Stochastic %D was 68.47%. Additionally, its Average True Range was 1.24.
During the past 100 days, Match Group Inc’s (MTCH) raw stochastic average was set at 32.99%, which indicates a significant decrease from 60.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.28% in the past 14 days, which was higher than the 43.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.83, while its 200-day Moving Average is $33.73. However, in the short run, Match Group Inc’s stock first resistance to watch stands at $33.59. Second resistance stands at $34.32. The third major resistance level sits at $34.79. If the price goes on to break the first support level at $32.39, it is likely to go to the next support level at $31.92. Should the price break the second support level, the third support level stands at $31.19.
Match Group Inc (NASDAQ: MTCH) Key Stats
With a market capitalization of 8.25 billion, the company has a total of 251,091K Shares Outstanding. Currently, annual sales are 3,365 M while annual income is 651,540 K. The company’s previous quarter sales were 895,480 K while its latest quarter income was 136,470 K.
