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Mattel, Inc. (MAT) Stock Could Soon Reward Patient Investors

Mattel, Inc. (NASDAQ: MAT) is -4.40% lower on its value in year-to-date trading and has touched a low of $16.20 and a high of $22.64 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 MAT stock was last observed hovering at around $18.17 in the last trading session, with the day’s loss setting it -0.12%.

Currently trading at $18.05, the stock is -5.36% and -6.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing -0.66% at the moment leaves the stock -9.09% off its SMA200. MAT registered 4.64% gain for a year compared to 6-month loss of -14.21%.

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The stock witnessed a -7.63% gain in the last 1 month and extending the period to 3 months gives it a 1.01%, and is -2.06% 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 1.63% over the week and 1.63% over the month.

Mattel, Inc. (MAT) has around 33000 employees, a market worth around $6.38B and $5.44B in sales. Current P/E ratio is 29.98 and Fwd P/E is 11.78. Profit margin for the company is 3.94%. Distance from 52-week low is 11.42% and -20.27% from its 52-week high. The company has generated returns on investments over the last 12 months (4.52%).

The EPS is expected to grow by 12.45% this year.

Mattel, Inc. (MAT) Top Institutional Holders

The shares outstanding are 353.23M, and float is at 349.84M with Short Float at 3.34%.

Mattel, Inc. (MAT) Insider Activity

The most recent transaction is an insider sale by BRADLEY RICHARD TODD,the company’sDirector. SEC filings show that BRADLEY RICHARD TODD sold 12,601 shares of the company’s common stock on Aug 09 ’23 at a price of $21.37 per share for a total of $0.27 million. Following the sale, the insider now owns 12729.0 shares.

Mattel, Inc. disclosed in a document filed with the SEC on Aug 07 ’23 that Hugh Yoon J. (SVP & Corporate Controller) sold a total of 7,608 shares of the company’s common stock. The trade occurred on Aug 07 ’23 and was made at $21.25 per share for $0.16 million. Following the transaction, the insider now directly holds 8316.0 shares of the MAT stock.

Still, SEC filings show that on Aug 04 ’23, Isaias Zanatta Roberto Jacobo (EVP & Chief Supply Chain Offr) disposed off 25,000 shares at an average price of $20.36 for $0.51 million. The insider now directly holds 103,112 shares of Mattel, Inc. (MAT).

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