Materialise Nv ADR (NASDAQ:MTLS) does about 268.42K shares in volume on a normal day but saw 955550 shares change hands in the recent trading day. The company now has a market cap of 317.80M USD. Its current market price is $5.38, marking a decrease of -11.80% compared to the previous close of $6.10. The 52 week high reached by this stock is $9.69 whilst the lowest price level in 52 weeks is $4.70.
Materialise Nv ADR (MTLS) has a 20-day trading average at $8.28 and the current price is -44.48% off the 52-week high compared with 14.47% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.91 and its 200-day simple moving average is $6.19. If we look at the stock’s price movements over the week, volatility stands at 11.92%, which decreases to 6.49% 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 26.92 to suggest the stock is oversold.
The consensus objective for the share price is $10.13, suggesting that the stock has a potential upside of 46.89% 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 -35.06%, -31.96%, and -13.08% away from its SMA20, SMA50, and SMA200 respectively, with the MTLS price moving above the 50-day SMA on current market day. Materialise Nv ADR (MTLS) stock is down -42.03% over the week and -34.39% over the past month. Its price is -23.58% year-to-date and -0.74% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.04 and 0.02 for whole year. Expected sales for next quarter are $68.1M, which analysts say will come at $276.05M for the current fiscal year and next year at $302.4M. In addition, estimates put the company’s current quarterly revenue at an average of $63.1M.
To reach the target analysts have set, the stock logically needs to grow 46.89 percent from here.
Outstanding shares total 59.07M with insiders holding 4.09% of the shares and institutional holders owning 15.41% of the company’s common stock. The company has a return on investment of 5.07% and return on equity of 5.60%. The price to earnings ratio (P/E ratio) amounts to 21.88 while the forward price to earnings ratio is 22.28. The beta has a value of 1.27. Price to book ratio is 1.15 and price to sales ratio is 1.10.
