Matthews International Corp (MATW) saw an uptrend of 20.99% in the recent trading with $30.84 being its most recent. The current price level -21.17% lower than the highest price of $39.12 marked by the stock while trading over the past 52-weeks, whereas it is 46.22% higher than the lowest price of $21.09 the company dropped to over past 52-weeks. The latest news story on MATW appeared in (GuruFocus.com) under the title “Matthews International Corp (MATW) Q4 2024 Earnings Call Highlights: Navigating Challenges with.”.
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Squeezing the time span to 30 day period shows us the stock is currently trading -2.28% below one month high and is +40.89% above of the lowest during that time. Looking into the simple moving average, Matthews International Corp (MATW)’s stock stands at a SMA-50 of $23.26 while that of 5-day is reading $25.61.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and MATW’s SMA-200 as of now is $26.16.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.00 for the stock.
Matthews International Corp Earnings – What Happened With MATW
Coming around sales and income figures on MATW Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Matthews International Corp (MATW) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -21.28% for net revenue.
MATW – Matthews International Corp Stock Earnings Estimates
The perspective of Matthews International Corp (NASDAQ:MATW)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.47 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 0.37.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 30.60 million. MATW does have institutional investors; and they hold 81.99% of the stock.
Matthews International Corp – Insider Activity and Holdings
As on 2024-06-30, BLACKROCK INC. was the top most holder in Matthews International Corp (NASDAQ:MATW) with an ownership of 4.58 million shares of the company or 14.8128 of the stake worth $114.75 million. The filing also reveals VANGUARD GROUP INC as the second largest holder in the company with a control over 11.6288 of the outstanding shares. Its stake is worth $90.09 million for having 3.6 million shares in hand.
AMERIPRISE FINANCIAL INC also came holding a key position in the company during the recent quarter and it now holds 5.1517 of the outstanding shares. With this there are now 239.0 institutions which have possession in MATW’s shares.
Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.00 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Matthews International Corp has a debt to equity ratio of 1.92.
Technical Analysis of Matthews International Corp (NASDAQ:MATW) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Matthews International Corp (MATW), we notice that the stock’s 20-day average volume is at 174,945 shares. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 169,254 shares. And to end, MATW’s 100-day average volume is 150,821 shares with 50% of the long-term indicators pointing towards Buy for the stock.
