Materialise Nv ADR (NASDAQ:MTLS) does about 193.92K shares in volume on a normal day but saw 342975 shares change hands in the recent trading day. The company now has a market cap of 568.25M USD. Its current market price is $9.62, marking an increase of 2.23% compared to the previous close of $9.41. The 52 week high reached by this stock is $9.48 whilst the lowest price level in 52 weeks is $4.70.
Materialise Nv ADR (MTLS) has a 20-day trading average at $8.57 and the current price is 1.48% off the 52-week high compared with 104.68% distance from its 52-week low. The 50-day simple moving average of the closing price is $8.01 and its 200-day simple moving average is $6.14. If we look at the stock’s price movements over the week, volatility stands at 3.87%, which increases to 4.53% 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 69.67 to suggest the stock is neutral.
The consensus objective for the share price is $9.74, suggesting that the stock has a potential upside of 1.23% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 24, 2024 when Cantor Fitzgerald initiated the stock to “Overweight” and issued a price target of $9.50. Kepler upgraded the stock to “Buy” from Hold on May 26, 2023 at a price target of $11. Bryan Garnier downgraded its price target at $20.
The current price level is 12.31%, 20.08%, and 56.68% away from its SMA20, SMA50, and SMA200 respectively, with the MTLS price moving below the 50-day SMA on current market day. Materialise Nv ADR (MTLS) stock is up 7.73% over the week and 19.43% over the past month. Its price is 36.65% year-to-date and 66.44% over the past year.
To reach the target analysts have set, the stock logically needs to grow 1.23 percent from here.
Outstanding shares total 59.07M with insiders holding 4.09% of the shares and institutional holders owning 15.40% of the company’s common stock. The company has a return on investment of 3.52% and return on equity of 4.12%. The price to earnings ratio (P/E ratio) amounts to 52.37 while the forward price to earnings ratio is 35.63. The beta has a value of 1.23. Price to book ratio is 2.06 and price to sales ratio is 1.97.
