Mattel, Inc (MAT) Outlook Starting To Look Brighter?

Mattel, Inc (MAT) concluded trading on Wednesday at a closing price of $19.86, with 5.94 million shares of worth about $117.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.71% during that period and on December 04, 2024 the price saw a gain of about 5.64%. Currently the company’s common shares owned by public are about 336.90M shares, out of which, 333.81M shares are available for trading.

Stock saw a price change of 6.60% in past 5 days and over the past one month there was a price change of -0.75%. Year-to-date (YTD), MAT shares are showing a performance of 5.19% which increased to 1.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.87 but also hit the highest price of $20.59 during that period. The average intraday trading volume for Mattel, Inc shares is 3.01 million. The stock is currently trading 5.17% above its 20-day simple moving average (SMA20), while that difference is up 4.24% for SMA50 and it goes to 6.57% higher than SMA200.

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Mattel, Inc (NASDAQ: MAT) currently have 336.90M outstanding shares and institutions hold larger chunk of about 96.47% of that.

The stock has a current market capitalization of $6.69B and its 3Y-monthly beta is at 0.75. PE ratio of stock for trailing 12 months is 12.48, while it has posted earnings per share of $1.59 in the same period. Its PEG reads 0.94 and has Quick Ratio of 1.88 while making debt-to-equity ratio of 1.14. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MAT, volatility over the week remained 2.93% while standing at 2.97% over the month.

Stock’s fiscal year EPS is expected to rise by 19.02% while it is estimated to increase by 8.04% in next year.

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 JP Morgan on February 05, 2024 offering a Neutral rating for the stock and assigned a target price range of between $24 and $19 to it. Coverage by Morgan Stanley stated Mattel, Inc (MAT) stock as an Equal-weight in their note to investors on January 17, 2024, suggesting a price target of $19 for the stock. On January 04, 2024, ROTH MKM Downgrade their recommendations, while on October 20, 2023, Citigroup Initiated their ratings for the stock with a price target of $26. Stock get an Overweight rating from Morgan Stanley on September 27, 2023.

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