Matthews International Corp [NASDAQ: MATW] gained 0.10% or 0.03 points to close at $30.35 with a heavy trading volume of 132415 shares.
The daily chart for MATW points out that the company has recorded 7.51% gains over the past six months.
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If we look at the average trading volume of 156.70K shares, MATW reached to a volume of 132415 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 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 $37.00 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 new note on the price target was released on February 01, 2019, representing the official price target for Matthews International Corp stock. Previously, the target price had yet another drop from $92 to $80, while B. Riley FBR kept a Buy rating on MATW stock.
The Average True Range (ATR) for Matthews International Corp is set at 1.20, with the Price to Sales ratio for MATW stock in the period of the last 12 months amounting to 0.52. The Price to Book ratio for the last quarter was 2.12, with the Price to Cash per share for the same quarter was set at 1.33. Price to Free Cash Flow for MATW in the course of the last twelve months was 27.27 with Quick ratio for the last quarter at 0.91.
Trading performance analysis for MATW stock
Matthews International Corp [MATW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.99. With this latest performance, MATW shares gained by 29.65% in over the last four-week period, additionally plugging by 7.51% over the last 6 months – not to mention a drop of -12.08% 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 76.21, with the RSI for the last a single of trading hit 78.36, and the three-weeks RSI is set at 72.93 for Matthews International Corp [MATW]. The present Moving Average for the last 50 days of trading for this stock 23.67, while it was recorded at 29.71 for the last single week of trading, and 26.19 for the last 200 days.
Matthews International Corp [MATW]: A deeper dive into fundamental analysis
Matthews International Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.91 and a Current Ratio set at 1.45.
Matthews International Corp [MATW]: 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 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 7.50%.
An analysis of Institutional ownership at Matthews International Corp [MATW]
There are presently around $82.95%, or 86.48%% of MATW stock, in the hands of institutional investors. The top three institutional holders of MATW stocks are: BLACKROCK INC. with ownership of 4.58 million shares, which is approximately 14.8128%. VANGUARD GROUP INC, holding 3.6 million shares of the stock with an approximate value of $$90.09 million in MATW stocks shares; and VANGUARD GROUP INC, currently with $$39.91 million in MATW stock with ownership which is approximately 5.1517%.
