Shares of Match Group, Inc. (NASDAQ:MTCH) recorded 7.16% gain during trading session on December 6th, 2018. The script traded as low as $37 and last traded at $41.17. 4.14 million shares changed exchanged hands during trading, a drop of -48.41% from the 30-day average session volume of 2.79M shares. The firm had previously closed at $38.42. The company has $285.55M outstanding shares, a price-to-earnings ratio of 26.56, price-to-earnings-growth ratio of 7.12. The company has a RSI of 50.07, ATR of 2.52 and a volatility of 6.51% this week. MTCH has a 52 week low price of $26.64 and a 52 week high price of $58.01.
Investors have identified the tech company Match Group, Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 11.76B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Match Group, Inc. (MTCH) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For MTCH, the company has in raw cash 402.6 million on their books with 221.88 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 281000 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
MTCH were able to record 0 as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 403.96 million. In cash movements, the company had a total of 0 as operating cash flow.
Potential earnings growth for Match Group, Inc. (MTCH)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Match Group, Inc. recorded a total of 443.94 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.23% coming in sequential stages and their sales for the third quarter increasing by 0.05%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 107.51 million trying to sell their products during the last quarter, with the result yielding a gross income of 336.43 million. This allows shareholders to hold on to 285.55M with the revenue now reading 130159000 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.28 cents a share).
Is the stock of MTCH attractive?
Having a look at the company’s valuation, the company is expected to record 1.57 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MTCH sounds very interesting.
In related news, CFO, Match Group Swidler Gary sold 105,611 shares of the company’s stock in a transaction that recorded on August 23rd, 2018. The sale was performed at an average price of 49.57, for a total value of 5,235,539. As the sale deal closes, the Chief Executive Officer Swidler Gary now sold 11,196 shares of the company’s stock, valued at 546,166. Also, General Counsel Sine Jared F. sold 27,343 shares of the company’s stock in a deal that was recorded on August 20th, 2018. The shares were sold at an average price of 48.51 per share, with a total market value of 2,522. Following this completion of acquisition, the Chief Executive Officer now holds 106,850 shares of the company’s stock, valued at 5,275,130. In the last 6 months, insiders have changed their ownership in shares of company stock by 23.10%.
4 out of 15 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Match Group, Inc. stock. 0 analysts has assigned a Sell rating on the MTCH stock. The 12-month mean consensus price target for the company’s shares has been set at $51.00.