Matrix Service Co (NASDAQ:MTRX) does about 129.18K shares in volume on a normal day but saw 311342 shares change hands in the recent trading day. The company now has a market cap of 410.02M USD. Its current market price is $14.88, marking an increase of 3.77% compared to the previous close of $14.34. The 52 week high reached by this stock is $14.50 whilst the lowest price level in 52 weeks is $8.61.
Matrix Service Co (MTRX) has a 20-day trading average at $12.59 and the current price is 2.62% off the 52-week high compared with 72.82% distance from its 52-week low. The 50-day simple moving average of the closing price is $12.83 and its 200-day simple moving average is $11.29. If we look at the stock’s price movements over the week, volatility stands at 5.25%, which decreases to 4.57% 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 72.30 to suggest the stock is overbought.
The consensus objective for the share price is $17.00, suggesting that the stock has a potential upside of 12.47% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 19, 2020 when Sidoti upgraded the stock to “Buy” and issued a price target of $20. Sidoti downgraded the stock to “Neutral” from Buy on February 06, 2020 at a price target of $20. DA Davidson upgraded its price target at $25.
The current price level is 18.22%, 16.01%, and 31.85% away from its SMA20, SMA50, and SMA200 respectively, with the MTRX price moving below the 50-day SMA on current market day. Matrix Service Co (MTRX) stock is up 23.69% over the week and 11.71% over the past month. Its price is 24.31% year-to-date and 58.13% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.22 and -0.04 for whole year. Expected sales for next quarter are $255.86M, which analysts say will come at $914.52M for the current fiscal year and next year at $1.04B. In addition, estimates put the company’s current quarterly revenue at an average of $185.15M.
To reach the target analysts have set, the stock logically needs to grow 12.47 percent from here.
Outstanding shares total 27.55M with insiders holding 3.76% of the shares and institutional holders owning 85.99% of the company’s common stock. The company has a return on investment of -17.67% and return on equity of -18.49%. The forward price to earnings ratio is 14.38. The beta has a value of 1.27. Price to book ratio is 2.62 and price to sales ratio is 0.59.
