Market Watch: Match Group Inc. (MTCH)’s Noteworthy Gain, Closing at 35.55

Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

As of close of business last night, Match Group Inc.’s stock clocked out at $35.55, up 3.31% from its previous closing price of $34.41. In other words, the price has increased by $3.31 from its previous closing price. On the day, 9.71 million shares were traded. MTCH stock price reached its highest trading level at $35.95 during the session, while it also had its lowest trading level at $33.985.

Ratios:

To gain a deeper understanding of MTCH’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.49. For the most recent quarter (mrq), Quick Ratio is recorded 2.41 and its Current Ratio is at 2.41.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wolfe Research on July 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $36.

On July 15, 2024, Citigroup reiterated its Neutral rating and also upped its target price recommendation from $34 to $33.

Morgan Stanley Downgraded its Overweight to Equal-Weight on April 18, 2024, whereas the target price for the stock was revised from $53 to $37.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 01 ’24 when Sine Jared F. sold 500 shares for $36.05 per share. The transaction valued at 18,025 led to the insider holds 54,009 shares of the business.

Sine Jared F. sold 500 shares of MTCH for $19,380 on Feb 01 ’24. The Chief Bus. Affairs & Leg. Off. now owns 29,352 shares after completing the transaction at $38.76 per share. On Jan 02 ’24, another insider, Sine Jared F., who serves as the Chief Bus. Affairs & Leg. Off. of the company, sold 500 shares for $35.98 each. As a result, the insider received 17,990 and left with 29,852 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTCH now has a Market Capitalization of 9444497408 and an Enterprise Value of 12469277696. As of this moment, Match’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.48, and their Forward P/E ratio for the next fiscal year is 14.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.75. Its current Enterprise Value per Revenue stands at 3.628 whereas that against EBITDA is 12.212.

Stock Price History:

Over the past 52 weeks, MTCH has reached a high of $49.24, while it has fallen to a 52-week low of $27.66. The 50-Day Moving Average of the stock is 15.24%, while the 200-Day Moving Average is calculated to be 5.46%.

Shares Statistics:

It appears that MTCH traded 5.34M shares on average per day over the past three months and 7589830 shares per day over the past ten days. A total of 268.89M shares are outstanding, with a floating share count of 264.05M. Insiders hold about 0.61% of the company’s shares, while institutions hold 100.27% stake in the company. Shares short for MTCH as of 1719532800 were 14382262 with a Short Ratio of 2.69, compared to 1717113600 on 15595095. Therefore, it implies a Short% of Shares Outstanding of 14382262 and a Short% of Float of 6.1899999999999995.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 1.52.

Most Popular