Match Group Inc. (NASDAQ:MTCH) does about 6.22M shares in volume on a normal day but saw 3635207 shares change hands in Monday’s trading. The company now has a market cap of 9.62B USD. Its current market price is $35.91, marking a decrease of -1.02% compared to the previous close of $36.28. The 52 week high reached by this stock is $49.24 whilst the lowest price level in 52 weeks is $27.85.
Match Group Inc. (MTCH) has a 20-day trading average at $34.83 and the current price is -27.07% off the 52-week high compared with 28.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $35.93 and its 200-day simple moving average is $38.33. If we look at the stock’s price movements over the week, volatility stands at 2.26%, which increases to 2.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.06 to suggest the stock is neutral.
The consensus objective for the share price is $44.90, suggesting that the stock has a potential upside of 20.02% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 07, 2023 when Wells Fargo initiated the stock to “Equal Weight” and issued a price target of $32. Barclays resumed its price target at $56.
Match Group Inc. (MTCH) stock is up 0.45% over the week and -0.36% over the past month. Its price is -1.62% year-to-date and -8.32% over the past year.
To reach the target analysts have set, the stock logically needs to grow 20.02 percent from here.
Outstanding shares total 268.89M with insiders holding 0.76% of the shares and institutional holders owning 97.13% of the company’s common stock. The company has a return on investment of 16.62%. The price to earnings ratio (P/E ratio) amounts to 15.80 while the forward price to earnings ratio is 14.13. The beta has a value of 1.14. Price to sales ratio is 2.86.
