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Materialise NV (MTLS) Is Down -42.06% in 2022 With Lots of Room to Run

Materialise NV (NASDAQ: MTLS) is -42.06% lower on its value in year-to-date trading and has touched a low of $12.44 and a high of $27.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MTLS stock was last observed hovering at around $13.28 in the last trading session, with the day’s gains setting it 0.55% off its average median price target of $21.39 for the next 12 months. It is also 53.9% off the consensus price target high of $30.00 offered by 6 analysts, but current levels are 3.56% higher than the price target low of $14.34 for the same period.

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Currently trading at $13.83, the stock is 0.48% and -3.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 4.14% at the moment leaves the stock -29.05% off its SMA200. MTLS registered -34.14% loss for a year compared to 6-month loss of -35.34%. The firm has a 50-day simple moving average (SMA 50) of $14.35 and a 200-day simple moving average (SMA200) of $19.46.

The stock witnessed a 9.59% gain in the last 1 month and extending the period to 3 months gives it a -27.78%, and is -4.29% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.54% over the week and 6.62% over the month.

Materialise NV (MTLS) has around 2332 employees, a market worth around $784.44M and $213.20M in sales. Current P/E ratio is 47.36 and Fwd P/E is 64.33. Profit margin for the company is 8.00%. Distance from 52-week low is 11.17% and -49.80% from its 52-week high. The company has generated returns on investments over the last 12 months (3.50%).

Materialise NV (MTLS) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Materialise NV (MTLS) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.30, where 2 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Materialise NV is expected to release its quarterly report on 11/03/2022.The EPS is expected to grow by 275.30% this year.

Materialise NV (MTLS) Top Institutional Holders

The shares outstanding are 59.06M, and float is at 8.89M with Short Float at 7.57%.

Materialise NV (MTLS): Who are the competitors?

The company’s main competitors (and peers) include Veeva Systems Inc. (VEEV) that is trading -35.10% down over the past 12 months. SPS Commerce Inc. (SPSC) is 8.52% up on the 1-year trading charts. Short interest in the company’s stock has fallen -12.46% from the last report on Apr 28, 2022 to stand at a total of 0.69 million short shares sold with a short interest ratio of 3.58.

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