Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $31.69 in the prior trading day, Match Group Inc. (NASDAQ: MTCH) closed at $31.94, up 0.79%. In other words, the price has increased by $0.79 from its previous closing price. On the day, 2.6 million shares were traded. MTCH stock price reached its highest trading level at $32.02 during the session, while it also had its lowest trading level at $31.4134.
Ratios:
Our goal is to gain a better understanding of MTCH by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.32. For the most recent quarter (mrq), Quick Ratio is recorded 2.39 and its Current Ratio is at 2.39.
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 the company, Morgan Stanley on April 18, 2024, Downgraded its rating to Equal-Weight and sets its target price to $37 from $53 previously.
On December 07, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $32.Wells Fargo initiated its Equal Weight rating on December 07, 2023, with a $32 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 8560303616 and an Enterprise Value of 11649235968. As of this moment, Match’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.05, and their Forward P/E ratio for the next fiscal year is 12.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.54. Its current Enterprise Value per Revenue stands at 3.462 whereas that against EBITDA is 11.349.
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 $27.85. The 50-Day Moving Average of the stock is -8.20%, while the 200-Day Moving Average is calculated to be -15.13%.
Shares Statistics:
The stock has traded on average 5.49M shares per day over the past 3-months and 3892340 shares per day over the last 10 days, according to various share statistics. A total of 268.89M shares are outstanding, with a floating share count of 266.42M. Insiders hold about 0.59% of the company’s shares, while institutions hold 96.18% stake in the company. Shares short for MTCH as of 1711584000 were 14424959 with a Short Ratio of 2.63, compared to 1709164800 on 10652253. Therefore, it implies a Short% of Shares Outstanding of 14424959 and a Short% of Float of 7.140000000000001.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.52.
