Match Group Inc. (NASDAQ:MTCH) shares, rose in value, with the stock price down by -0.03% to the previous day’s close as strong demand from buyers drove the stock to $33.71.
Actively observing the price movement in the last trading, the stock closed the session at $33.72. The value of beta (5-year monthly) was 1.48 whereas the PE ratio was 14.83 over 12-month period. Referring to stock’s 52-week performance, its high was $49.24, and the low was $27.85. On the whole, MTCH has fluctuated by -0.38% over the past month.
With the market capitalization of Match Group Inc. currently standing at about $9.03 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024 – May 06, 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 $0.41, which is expected to increase to $0.73 for fiscal year $2.18 and then to about $2.53 by fiscal year 2025. Data indicates that the EPS growth is expected to be -3.50% in 2025, while the next year’s EPS growth is forecast to be 16.10%.
Analysts have estimated the company’s revenue for the quarter at $855.93 million, with a low estimate of $852.2 million and a high estimate of $861.74 million. According to the average forecast, sales growth in current quarter could jump up 7.80%, 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 $3.6 billion, representing an increase of 7.10% 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 no upward and no downward review(s) in last seven days. We see that MTCH’s technical picture suggests that short-term indicators denote the stock is a 100% Sell 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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.57, with the price of MTCH currently trading nearly -3.39% and -5.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.37, while the 7-day volatility ratio is showing 3.02% which for the 30-day chart, stands at 2.89%. Furthermore, Match Group Inc. (MTCH)’s beta value is 1.14, and its average true range (ATR) is 1.06.
A comparison of Match Group Inc. (MTCH) with its peers suggests the former has fared considerably weaker in the market. MTCH showed an intraday change of -0.03% in last session, and over the past year, it shrunk by -8.97%%.
Data on historical trading for Match Group Inc. (NASDAQ:MTCH) indicates that the trading volumes over the past 10 days have averaged 4.8 million and over the past 3 months, they’ve averaged 5.96 million. According to company’s latest data on outstanding shares, there are 268.89 million shares outstanding.
Nearly 0.59% of Match Group Inc.’s shares belong to company insiders and institutional investors own 96.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.3 million shares as on Mar 15, 2024, resulting in a short ratio of 2.07. According to the data, the short interest in Match Group Inc. (MTCH) stood at 4.59% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 11.51 million. The stock has fallen by -7.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MTCH stock heading into the next quarter.
