A new trading day began on Monday, with Matthews International Corp (NASDAQ: MATW) stock price down -6.69% from the previous day of trading, before settling in for the closing price of $26.55. MATW’s price has ranged from $21.09 to $32.24 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 3.33%. Meanwhile, its annual earnings per share averaged -23.27%. With a float of $29.48 million, this company’s outstanding shares have now reached $30.97 million.
Let’s determine the extent of company efficiency that accounts for 11000 employees. In terms of profitability, gross margin is 29.53%, operating margin of -0.45%, and the pretax margin is -4.15%.
Matthews International Corp (MATW) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Conglomerates Industry. The insider ownership of Matthews International Corp is 4.79%, while institutional ownership is 81.63%.
Matthews International Corp (MATW) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.43 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -23.27% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.21% during the next five years compared to -9.80% drop over the previous five years of trading.
Matthews International Corp (NASDAQ: MATW) Trading Performance Indicators
Here are Matthews International Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.96. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.44. Likewise, its price to free cash flow for the trailing twelve months is 18.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.97, a number that is poised to hit 0.42 in the next quarter and is forecasted to reach 1.96 in one year’s time.
Technical Analysis of Matthews International Corp (MATW)
Looking closely at Matthews International Corp (NASDAQ: MATW), its last 5-days average volume was 0.66 million, which is a jump from its year-to-date volume of 0.26 million. As of the previous 9 days, the stock’s Stochastic %D was 30.15%. Additionally, its Average True Range was 1.68.
During the past 100 days, Matthews International Corp’s (MATW) raw stochastic average was set at 33.00%, which indicates a significant increase from 1.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.75% in the past 14 days, which was higher than the 55.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.06, while its 200-day Moving Average is $26.32. However, in the short run, Matthews International Corp’s stock first resistance to watch stands at $26.16. Second resistance stands at $27.55. The third major resistance level sits at $28.30. If the price goes on to break the first support level at $24.02, it is likely to go to the next support level at $23.27. Should the price break the second support level, the third support level stands at $21.88.
Matthews International Corp (NASDAQ: MATW) Key Stats
With a market capitalization of 767.09 million, the company has a total of 30,969K Shares Outstanding. Currently, annual sales are 1,796 M while annual income is -59,660 K. The company’s previous quarter sales were 446,700 K while its latest quarter income was -68,160 K.
