Match Group Inc (NASDAQ:MTCH) shares, rose in value on Friday, November 01, with the stock price up by 0.44% to the previous day’s close as strong demand from buyers drove the stock to $36.19.
Actively observing the price movement in the recent trading, the stock is buoying the session at $36.03, falling within a range of $35.96 and $36.355. The value of beta (5-year monthly) is 1.487 whereas the PE ratio is 15.70 over 12-month period. Referring to stock’s 52-week performance, its high was $42.42, and the low was $27.66. On the whole, MTCH has fluctuated by -2.95% over the past month.
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With the market capitalization of Match Group Inc currently standing at about $9.33 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.53B, with a low estimate of 895.6M and a high estimate of 906.22M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 900.87M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MTCH’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.65, with the price of MTCH currently trading nearly -3.23% and -2.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.76, while the 7-day volatility ratio is showing 2.13% which for the 30-day chart, stands at 2.22%. Furthermore, Match Group Inc (MTCH)’s beta value is 1.32, and its average true range (ATR) is 0.78.
A comparison of Match Group Inc (MTCH) with its peers suggests the former has fared considerably weaker in the market. MTCH showed an intraday change of 0.44% in today’s session so far, and over the past year, it grew by 23.56%%.
Data on historical trading for Match Group Inc (NASDAQ:MTCH) indicates that the trading volumes over the past 10 days have averaged 2.67 and over the past 3 months, they’ve averaged 3.91 million. According to company’s latest data on outstanding shares, there are 268.89 million shares outstanding.
Nearly 0.63% of Match Group Inc’s shares belong to company insiders and institutional investors own 108.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.36 million shares as on 2024-10-15, resulting in a short ratio of 3.51. According to the data, the short interest in Match Group Inc (MTCH) stood at 639.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 16.86 million. The stock has fallen by -0.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MTCH stock heading into the next quarter.
