Mattel Inc. [MAT] fell -16.47% so far this year. What now?

Mattel Inc. [NASDAQ: MAT] gained 6.32% or 1.07 points to close at $18.01 with a heavy trading volume of 3413214 shares. The company report on December 29, 2022 that American Girl’s 2023 Girl of the Year™— Kavi Sharma™— Steps Into the Spotlight!.

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Kavi joins American Girl’s line of popular character dolls that inspire kids with courage, confidence, and strength of character.

To support Kavi’s love of performing, company partners with Camp Broadway®—an award-winning theater arts program that helps children develop their characters on and off the stage.

It opened the trading session at $17.10, the shares rose to $18.09 and dropped to $17.06, the range by which the price of stock traded the whole day. The daily chart for MAT points out that the company has recorded -19.35% loss over the past six months. However, it is still -11.1% lower than its most recent low trading price.

If we look at the average trading volume of 3.85M shares, MAT reached to a volume of 3413214 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Mattel Inc. [MAT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MAT shares is $26.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MAT stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Mattel Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 11, 2022. While these analysts kept the previous recommendation, Stifel raised their target price from $27 to $33. The new note on the price target was released on February 24, 2022, representing the official price target for Mattel Inc. stock. Previously, the target price had yet another raise from $28 to $32, while Monness Crespi & Hardt kept a Buy rating on MAT stock. On January 13, 2022, analysts increased their price target for MAT shares from 24 to 30.

The Average True Range (ATR) for Mattel Inc. is set at 0.54, with the Price to Sales ratio for MAT stock in the period of the last 12 months amounting to 1.08. The Price to Book ratio for the last quarter was 3.25, with the Price to Cash per share for the same quarter was set at 1.00. Price to Free Cash Flow for MAT in the course of the last twelve months was 16.27 with Quick ratio for the last quarter at 1.30.

Trading performance analysis for MAT stock

Mattel Inc. [MAT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.07. With this latest performance, MAT shares dropped by -0.39% in over the last four-week period, additionally sinking by -19.35% over the last 6 months – not to mention a drop of -14.93% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MAT stock in for the last two-week period is set at 58.35, with the RSI for the last a single of trading hit 66.64, and the three-weeks RSI is set at 53.16 for Mattel Inc. [MAT]. The present Moving Average for the last 50 days of trading for this stock 17.76, while it was recorded at 17.13 for the last single week of trading, and 21.50 for the last 200 days.

Mattel Inc. [MAT]: A deeper dive into fundamental analysis

Mattel Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.00.

Mattel Inc. [MAT]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MAT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Mattel Inc. go to 12.30%.

An analysis of insider ownership at Mattel Inc. [MAT]

There are presently around $6,250 million, or 99.80% of MAT stock, in the hands of institutional investors. The top three institutional holders of MAT stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 44,689,559, which is approximately -0.293% of the company’s market cap and around 0.30% of the total institutional ownership; EDGEPOINT INVESTMENT GROUP INC., holding 33,287,707 shares of the stock with an approximate value of $599.51 million in MAT stocks shares; and VANGUARD GROUP INC, currently with $595.62 million in MAT stock with ownership of nearly 1.305% of the company’s market capitalization.

Positions in Mattel Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 148 institutional holders increased their position in Mattel Inc. [NASDAQ:MAT] by around 17,151,741 shares. Additionally, 166 investors decreased positions by around 20,737,689 shares, while 99 investors held positions by with 309,119,897 shares. The mentioned changes placed institutional holdings at 347,009,327 shares, according to the latest SEC report filing. MAT stock had 41 new institutional investments in for a total of 4,340,212 shares, while 39 institutional investors sold positions of 3,930,560 shares during the same period.


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