Match Group Inc. (NASDAQ:MTCH) price on Thursday, May 09, rose 1.14% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $30.16.
A look at the stock’s price movement, the level at last check in today’s session was $29.82. The PE ratio in trailing twelve months stood at 13.13. Turning to its 52-week performance, $49.24 and $27.66 were the 52-week high and 52-week low respectively. Overall, MTCH moved -9.89% over the past month.
Match Group Inc.’s market cap currently stands at around $8.01 billion.
Analysts have a consensus estimate of 871.93M for the company’s revenue for the quarter, with a low and high estimate of 853M and 897.7M respectively. The average forecast suggests up to a 7.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.58B, representing a 6.30% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MTCH is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.43, with MTCH’s current price about -5.21% and -10.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.06, while 7-day volatility ratio is 3.91% and 3.04% in the 30-day chart. Further, Match Group Inc. (MTCH) has a beta value of 1.26, and an average true range (ATR) of 1.12.
If we refocus on Match Group Inc. (NASDAQ:MTCH), historical trading data shows that trading volumes averaged 5.36 million over the past 3 months. The company’s latest data on shares outstanding shows there are 268.89 million shares.
The 0.58% of Match Group Inc.’s shares are in the hands of company insiders while institutional holders own 97.39% of the company’s shares. Current price change has pushed the stock -17.37% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MTCH stock continues to rise going into the next quarter.