Matthews International Corp. [NASDAQ: MATW] slipped around -0.43 points on Friday, while shares priced at $28.33 at the close of the session, down -1.50%. The company report on February 1, 2024 at 4:15 PM that Matthews International Reports Results for Fiscal 2024 First Quarter.
Fiscal 2024 First Quarter Financial Highlights:.
Consolidated sales of $450.0 million, compared to $449.2 million a year ago.
Compared to the average trading volume of 174.86K shares, MATW reached a trading volume of 135070 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Matthews International Corp. [MATW]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MATW shares is $50.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MATW stock is a recommendation set at 1.00. 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.
Sidoti have made an estimate for Matthews International Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 31, 2021.
The Average True Range (ATR) for Matthews International Corp. is set at 1.16, with the Price to Sales ratio for MATW stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 1.71, with the Price to Cash per share for the same quarter was set at 1.24. Price to Free Cash Flow for MATW in the course of the last twelve months was 24.00 with Quick ratio for the last quarter at 1.15.
How has MATW stock performed recently?
Matthews International Corp. [MATW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.28. With this latest performance, MATW shares dropped by -14.98% in over the last four-week period, additionally sinking by -33.42% over the last 6 months – not to mention a drop of -27.66% 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 MATW stock in for the last two-week period is set at 35.83, with the RSI for the last a single of trading hit 36.82, and the three-weeks RSI is set at 36.17 for Matthews International Corp. [MATW]. The present Moving Average for the last 50 days of trading for this stock 33.79, while it was recorded at 28.42 for the last single week of trading, and 38.69 for the last 200 days.
Matthews International Corp. [MATW]: Deeper insight into the fundamentals
Matthews International Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.15 and a Current Ratio set at 1.88.
Earnings analysis for Matthews International Corp. [MATW]
With the latest financial reports released by the company, Matthews International Corp. posted 0.65/share EPS, while the average EPS was predicted by analysts to be reported at 0.51/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 27.50%. 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 MATW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Matthews International Corp. go to -10.00%.
Insider trade positions for Matthews International Corp. [MATW]
The top three institutional holders of MATW stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in MATW stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in MATW stock with ownership which is approximately 5.8325%.
