Mattel, Inc [NASDAQ: MAT] loss -0.60% on the last trading session, reaching $18.31 price per share at the time.
If compared to the average trading volume of 2.49M shares, MAT reached a trading volume of 5456261 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $23.92 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 1.75. 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.
JP Morgan have made an estimate for Mattel, Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 05, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $25 to $19. The new note on the price target was released on January 17, 2024, representing the official price target for Mattel, Inc stock. Previously, the target price had yet another drop from $24 to $20, while ROTH MKM kept a Neutral rating on MAT stock.
The Average True Range (ATR) for Mattel, Inc is set at 0.55, with the Price to Sales ratio for MAT stock in the period of the last 12 months amounting to 1.15. The Price to Book ratio for the last quarter was 2.67, with the Price to Cash per share for the same quarter was set at 2.15. Price to Free Cash Flow for MAT in the course of the last twelve months was 8.96 with Quick ratio for the last quarter at 1.88.
Trading performance analysis for MAT stock
Mattel, Inc [MAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.81. With this latest performance, MAT shares dropped by -0.60% in over the last four-week period, additionally plugging by 0.22% over the last 6 months – not to mention a drop of -2.29% 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 40.42, with the RSI for the last a single of trading hit 35.44, and the three-weeks RSI is set at 43.35 for Mattel, Inc [MAT]. The present Moving Average for the last 50 days of trading for this stock 19.09, while it was recorded at 18.64 for the last single week of trading, and 18.64 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 1.88 and a Current Ratio set at 2.45.
Mattel, Inc [MAT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Mattel, Inc posted 0.29/share EPS, while the average EPS was predicted by analysts to be reported at 0.32/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.03. 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 13.32%.
An analysis of Institutional ownership at Mattel, Inc [MAT]
There are presently around $97.80%, or 98.66%% of MAT stock, in the hands of institutional investors. The top three institutional holders of MAT stocks are: EDGEPOINT INVESTMENT GROUP INC. with ownership of 40.55 million shares, which is approximately 11.6905%. PRIMECAP MANAGEMENT CO/CA/, holding 38.53 million shares of the stock with an approximate value of $$626.47 million in MAT stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $$542.8 million in MAT stock with ownership which is approximately 9.6234%.
