Match Group Inc (NASDAQ:MTCH) shares, rose in value on Wednesday, May 07, with the stock price up by 1.40% to the previous day’s close as strong demand from buyers drove the stock to $30.38.
Actively observing the price movement in the last trading, the stock closed the session at $29.96. The PE ratio was 15.01 over 12-month period. Referring to stock’s 52-week performance, its high was $38.84, and the low was $26.39. On the whole, MTCH has fluctuated by 9.08% over the past month.
With the market capitalization of Match Group Inc currently standing at about $7.49 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.38, with its dividend yield at 1.25%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.43B, with a low estimate of 824.2M and a high estimate of 834.69M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 827.36M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MTCH’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% 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 1.00, with the price of MTCH currently trading nearly 2.78% and -0.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.85, while the 7-day volatility ratio is showing 2.16% which for the 30-day chart, stands at 3.40%. Furthermore, Match Group Inc (MTCH)’s beta value is 1.36, and its average true range (ATR) is 0.94.
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 1.40% in last session, and over the past year, it shrunk by -4.85%%.
Data on historical trading for Match Group Inc (NASDAQ:MTCH) indicates that the trading volumes over the past 3 months, they’ve averaged 5.08 million. According to company’s latest data on outstanding shares, there are 251.46 million shares outstanding.
Nearly 0.63% of Match Group Inc’s shares belong to company insiders and institutional investors own 109.79% of the company’s shares. The stock has fallen by -7.12% 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.
