Matthews International Corp (MATW) concluded trading on Wednesday at a closing price of $31.03, with 0.49 million shares of worth about $15.09 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.02% during that period and on January 08, 2025 the price saw a gain of about 14.50%. Currently the company’s common shares owned by public are about 30.60M shares, out of which, 29.48M shares are available for trading.
Stock saw a price change of 12.10% in past 5 days and over the past one month there was a price change of 5.19%. Year-to-date (YTD), MATW shares are showing a performance of 12.10% which decreased to -12.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.09 but also hit the highest price of $35.69 during that period. The average intraday trading volume for Matthews International Corp shares is 167.99K. The stock is currently trading 8.69% above its 20-day simple moving average (SMA20), while that difference is up 14.12% for SMA50 and it goes to 18.41% higher than SMA200.
Matthews International Corp (NASDAQ: MATW) currently have 30.60M outstanding shares and institutions hold larger chunk of about 81.07% of that.
The stock has a current market capitalization of $960.96M and its 3Y-monthly beta is at 1.13. It has posted earnings per share of -$1.93 in the same period. It has Quick Ratio of 0.91 while making debt-to-equity ratio of 1.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MATW, volatility over the week remained 6.08% while standing at 4.26% over the month.
Analysts are in expectations that Matthews International Corp (MATW) stock would likely to be making an EPS of 0.22 in the current quarter, while forecast for next quarter EPS is 0.51 and it is 2.08 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.19 which is 0.26 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.37 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -17.05% while it is estimated to increase by 15.28% in next year. EPS is likely to grow at an annualized rate of 7.50% for next 5-years, compared to annual growth of -9.80% 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 Sidoti on August 31, 2021 offering a Buy rating for the stock and assigned a target price of $60 to it. On November 19, 2018, B. Riley FBR Reiterated their recommendations, while on October 02, 2018, Buckingham Research Initiated their ratings for the stock with a price target of $61. Stock get a Gradually accumulate rating from Wellington Shields on March 01, 2018.
