Match Group Inc. [MTCH] Is Currently 0.88 below its 200 Period Moving Avg: What Does This Mean?

Match Group Inc. [NASDAQ: MTCH] traded at a high on Monday, posting a 0.88 gain after which it closed the day’ session at $30.96.

The results of the trading session contributed to over 7543279 shares changing hands. Over the past one week, the price volatility of Match Group Inc. stands at 4.29% while the volatility over the past one month is 3.01%.

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The market cap for MTCH stock reached $8.23 billion, with 268.89 million shares outstanding and 264.13 million shares in the current float. Compared to the average trading volume of 5.40M shares, MTCH reached a trading volume of 7543279 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Match Group Inc. [MTCH]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MTCH shares is $39.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MTCH stock is a recommendation set at 1.89. 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.

Morgan Stanley have made an estimate for Match Group Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on April 18, 2024. While these analysts kept the previous recommendation, Raymond James raised their target price to Mkt Perform. The new note on the price target was released on April 04, 2024, representing the official price target for Match Group Inc. stock. Previously, the target price had yet another raise to $32, while Wells Fargo analysts kept a Equal Weight rating on MTCH stock.

The Average True Range (ATR) for Match Group Inc. is set at 1.11, with the Price to Sales ratio for MTCH stock in the period of the last 12 months amounting to 2.39. Price to Free Cash Flow for MTCH in the course of the last twelve months was 8.26 with Quick ratio for the last quarter at 2.41.

How has MTCH stock performed recently?

Match Group Inc. [MTCH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.97. With this latest performance, MTCH shares dropped by -5.26% in over the last four-week period, additionally plugging by 7.17% over the last 6 months – not to mention a drop of -2.33% 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 MTCH stock in for the last two-week period is set at 41.74, with the RSI for the last a single of trading hit 43.42, and the three-weeks RSI is set at 41.55 for Match Group Inc. [MTCH]. The present Moving Average for the last 50 days of trading for this stock 33.33, while it was recorded at 30.71 for the last single week of trading, and 36.60 for the last 200 days.

Match Group Inc. [MTCH]: Deeper insight into the fundamentals

Match Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.41 and a Current Ratio set at 2.41.

Earnings analysis for Match Group Inc. [MTCH]

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 MTCH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Match Group Inc. go to 30.27%.

Insider trade positions for Match Group Inc. [MTCH]

The top three institutional holders of MTCH stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MTCH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MTCH stock with ownership which is approximately 5.8386%.

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