Matthews International Corp (NASDAQ: MATW) is 12.10% higher on its value in year-to-date trading and has touched a low of $21.09 and a high of $35.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MATW stock was last observed hovering at around $27.10 in the last trading session, with the day’s gains setting it 3.93%.
Currently trading at $31.03, the stock is 8.69% and 14.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.49 million and changing 14.50% at the moment leaves the stock 18.41% off its SMA200. MATW registered -12.05% loss for a year compared to 6-month gain of 29.02%. The firm has a 50-day simple moving average (SMA 50) of $27.1898 and a 200-day simple moving average (SMA200) of $26.2058.
The stock witnessed a 5.19% loss in the last 1 month and extending the period to 3 months gives it a 43.92%, and is 12.10% up 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 6.08% over the week and 4.26% over the month.
Matthews International Corp (MATW) has around 11000 employees, a market worth around $960.96M and $1.80B in sales. Fwd P/E is 14.95. Profit margin for the company is -3.32%. Distance from 52-week low is 47.12% and -13.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.78%).
The EPS is expected to shrink by -17.05% this year
239.0 institutions hold shares in Matthews International Corp (MATW), with institutional investors hold 86.48% of the company’s shares. The shares outstanding are 30.60M, and float is at 29.48M with Short Float at 2.97%. Institutions hold 82.95% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.58 million shares valued at $114.75 million. The investor’s holdings represent 14.8128 of the MATW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.6 million shares valued at $90.09 million to account for 11.6288 of the shares outstanding. The other top investors are AMERIPRISE FINANCIAL INC which holds 1.59 million shares representing 5.1517 and valued at over $39.91 million, while PHOENIX HOLDINGS LTD. holds 4.8347 of the shares totaling 1.5 million with a market value of $37.45 million.
