While Match Group Inc has overperformed by 1.69%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MTCH rose by 1.59%, with highs and lows ranging from $42.42 to $27.66, whereas the simple moving average fell by -8.72% in the last 200 days.
On November 07, 2024, BofA Securities Downgraded Match Group Inc (NASDAQ: MTCH) to Neutral. A report published by HSBC Securities on August 05, 2024, Upgraded its rating to ‘Buy’ for MTCH. Wolfe Research also rated MTCH shares as ‘Outperform’, setting a target price of $36 on the company’s shares in an initiating report dated July 16, 2024. Citigroup Reiterated the rating as Neutral on July 15, 2024, but set its price target from $34 to $33. Morgan Stanley April 18, 2024d its ‘Overweight’ rating to ‘Equal-Weight’ for MTCH, as published in its report on April 18, 2024. Wells Fargo also rated the stock as ‘Equal Weight’.
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Analysis of Match Group Inc (MTCH)
Further, the quarter-over-quarter increase in sales is 1.57%, showing a positive trend in the upcoming months.
Match Group Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 2.49, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and MTCH has an average volume of 4.26M. On a monthly basis, the volatility of the stock is set at 2.79%, whereas on a weekly basis, it is put at 4.10%, with a gain of 0.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $39.25, showing growth from the present price of $31.26, which can serve as yet another indication of whether MTCH is worth investing in or should be passed over.
How Do You Analyze Match Group Inc Shares?
Internet Content & Information giant Match Group Inc (MTCH) is based in the USA and is one of the largest companies in the market. When comparing Match Group Inc shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 13.94, there is a growth in quarterly earnings of -10.99%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.63%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 106.89% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MTCH shares are owned by institutional investors to the tune of 106.89% at present.
