Match Group Inc (MTCH) concluded trading on Wednesday at a closing price of $37.88, with 7.39 million shares of worth about $279.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.03% during that period and on November 06, 2024 the price saw a gain of about 2.54%. Currently the company’s common shares owned by public are about 268.89M shares, out of which, 256.27M shares are available for trading.
Stock saw a price change of 2.68% in past 5 days and over the past one month there was a price change of 0.42%. Year-to-date (YTD), MTCH shares are showing a performance of 3.78% which increased to 33.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.66 but also hit the highest price of $42.42 during that period. The average intraday trading volume for Match Group Inc shares is 3.74 million. The stock is currently trading 1.50% above its 20-day simple moving average (SMA20), while that difference is up 2.53% for SMA50 and it goes to 9.96% higher than SMA200.
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Match Group Inc (NASDAQ: MTCH) currently have 268.89M outstanding shares and institutions hold larger chunk of about 108.87% of that.
The stock has a current market capitalization of $9.77B and its 3Y-monthly beta is at 1.33. PE ratio of stock for trailing 12 months is 16.44, while it has posted earnings per share of $2.30 in the same period. Its PEG reads 0.65 and has Quick Ratio of 2.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MTCH, volatility over the week remained 2.64% while standing at 2.14% over the month.
Stock’s fiscal year EPS is expected to drop by -12.31% while it is estimated to increase by 22.72% in next year. EPS is likely to grow at an annualized rate of 25.15% for next 5-years, compared to annual growth of 7.04% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on August 05, 2024 offering a Buy rating for the stock and assigned a target price of $43.20 to it. Coverage by Wolfe Research stated Match Group Inc (MTCH) stock as an Outperform in their note to investors on July 16, 2024, suggesting a price target of $36 for the stock. On July 15, 2024, Citigroup Reiterated their recommendations, while on April 18, 2024, Morgan Stanley Downgrade their ratings for the stock with a price target of $37. Stock get a Mkt perform rating from Raymond James on April 04, 2024.
