Match Group Inc. (NASDAQ:MTCH) has a 12-month trailing P/E ratio of 77.82. The stock’s Relative Strength Index (RSI) is 64.87, with weekly volatility at 3.57% and ATR at 4.82. The MTCH stock’s 52-week price range has touched low of $87.56 and a $174.68 high. Its shares traded higher over the last trading session, gaining 2.44% on 06/18/21. The shares fell to a low of $149.56 before closing at $153.92. Intraday shares traded counted 3.73 million, which was -83.02% lower than its 30-day average trading volume of 2.04M. MTCH’s previous close was $150.25 while the outstanding shares total 268.65M.
Investors have identified the Internet Content & Information company Match Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $40.61 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Match Group Inc. (MTCH) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1.2 billion total, with 469.92 million as their total liabilities.
MTCH were able to record 92.02 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by 106.53 million. In cash movements, the company had a total of 102.31 million as operating cash flow.
Potential earnings growth for Match Group Inc. (MTCH)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, Match Group Inc. recorded a total of 667.61 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 18.42% coming in sequential stages and their sales for the 08/10/2021 quarter increasing by 2.43%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 179.46 million trying to sell their products during the last quarter, with the result yielding a gross income of 488.16 million. This allows shareholders to hold on to 268.65M with the recently reported earning now reading 0.57 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (0.57 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.61 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MTCH sounds very interesting.
Is the stock of MTCH attractive?
In related news, Director, MCDANIEL ANN sold 2,500 shares of the company’s stock in a transaction that recorded on May 17. The sale was performed at an average price of 138.82, for a total value of 347,062. As the sale deal closes, the Chief Accounting Officer, Eigenmann Philip D now sold 10,861 shares of the company’s stock, valued at 1,588,009. Also, Director, LEVIN JOSEPH sold 126,295 shares of the company’s stock in a deal that was recorded on Feb 26. The shares were price at an average price of 149.01 per share, with a total market value of 18,818,625. Following this completion of acquisition, the Director, LEVIN JOSEPH now holds 144,557 shares of the company’s stock, valued at 22,610,706. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
12 out of 18 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Match Group Inc.. 0 analysts has assigned a Sell rating on the MTCH stock. The 12-month mean consensus price target for the company’s shares has been set at $167.38.