The trading price of Mativ Holdings Inc (NYSE:MATV) closed lower on Monday, March 03, and closing at $5.97, -11.69% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $19.96 and a 52-week low of $6.25. Over the past month, the stock has lost -37.09% in value.
Mativ Holdings Inc, whose market valuation is $325.47 million at the time of this writing, is expected to release its quarterly earnings report in April. The dividend yield on the company stock is 6.70%, while its Forward Dividend ratio is 0.40. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.11 per share this quarter, however they have predicted annual earnings per share of 0.92 for current year and 1.29 for next year.
Analysts have forecast the company to bring in revenue of 470.3M for the current quarter, with the likely lows of 470.3M and highs of 470.3M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.98B.
On the technical side, indicators suggest MATV has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that MATV’s price is currently -27.08% off the SMA20 and -37.01% off the SMA50. The RSI metric on the 14-day chart is currently showing 18.04, and weekly volatility stands at 8.78%. When measured over the past 30 days, the indicator reaches 7.17%. Mativ Holdings Inc (NYSE:MATV)’s beta value is currently sitting at 0.71, while the Average True Range indicator is currently displaying 0.58.
To see how Mativ Holdings Inc stock has been performing in comparison to its peers in the industry, here are the numbers: MATV stock’s performance was -11.69% in the latest trading, and -64.01% in the past year, while Philip Morris International Inc. (PM) has traded 2.26%% on the day and positioned 75.83% higher than it was a year ago. Another comparable company Altria Group Inc. (MO) saw its stock close 2.61%% higher in the most recent trading session but was up 44.25% in a year.
An evaluation of the daily trading volume of Mativ Holdings Inc (NYSE:MATV) indicates that the 3-month average is 555.83K.
Currently, records show that 54.34 million of the company’s shares remain outstanding. The insiders hold 2.32% of outstanding shares, whereas institutions hold 95.29%. However, since the stock’s price has seen -45.23% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
