Mattel, Inc. (NASDAQ:MAT) shares, rose in value, with the stock price down by -0.52% to the previous day’s close as strong demand from buyers drove the stock to $19.17.
Actively observing the price movement in the last trading, the stock closed the session at $19.27. The value of beta (5-year monthly) was 0.96 whereas the PE ratio was 31.67 over 12-month period. Referring to stock’s 52-week performance, its high was $22.64, and the low was $15.36. On the whole, MAT has fluctuated by -0.62% over the past month.
With the market capitalization of Mattel, Inc. currently standing at about $6.77 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 24, 2024 – Apr 29, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.13, which is expected to increase to $0.25 for fiscal year $1.39 and then to about $1.54 by fiscal year 2025. Data indicates that the EPS growth is expected to be 13.00% in 2025, while the next year’s EPS growth is forecast to be 10.80%.
Analysts have estimated the company’s revenue for the quarter at $833.04 million, with a low estimate of $759.2 million and a high estimate of $891.13 million. According to the average forecast, sales growth in current quarter could jump up 2.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $5.43 billion, representing a decrease of -0.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that MAT’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.88, with the price of MAT currently trading nearly -2.16% and 1.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.96, while the 7-day volatility ratio is showing 3.06% which for the 30-day chart, stands at 2.20%. Furthermore, Mattel, Inc. (MAT)’s beta value is 0.96, and its average true range (ATR) is 0.47.
A comparison of Mattel, Inc. (MAT) with its peers suggests the former has fared considerably weaker in the market. MAT showed an intraday change of -0.52% in last session, and over the past year, it grew by 19.81%%.
Data on historical trading for Mattel, Inc. (NASDAQ:MAT) indicates that the trading volumes over the past 10 days have averaged 2.52 million and over the past 3 months, they’ve averaged 2.95 million. According to company’s latest data on outstanding shares, there are 354.40 million shares outstanding.
Nearly 0.96% of Mattel, Inc.’s shares belong to company insiders and institutional investors own 95.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.04 million shares as on Feb 29, 2024, resulting in a short ratio of 2.44. According to the data, the short interest in Mattel, Inc. (MAT) stood at 2.56% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 8.67 million. The stock has risen by 1.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MAT stock heading into the next quarter.
