Mativ Holdings Inc (NYSE: MATV) is -39.54% lower on its value in year-to-date trading and has touched a low of $5.10 and a high of $19.96 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 MATV stock was last observed hovering at around $6.49 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $6.59, the stock is 2.15% and -16.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing 1.54% at the moment leaves the stock -51.76% off its SMA200. MATV registered -62.45% loss for a year compared to 6-month loss of -62.64%. The firm has a 50-day simple moving average (SMA 50) of $7.9142 and a 200-day simple moving average (SMA200) of $13.66175.
The stock witnessed a -5.59% gain in the last 1 month and extending the period to 3 months gives it a -41.89%, and is 5.44% 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 6.49% over the week and 8.91% over the month.
Mativ Holdings Inc (MATV) has around 5100 employees, a market worth around $359.27M and $1.98B in sales. Fwd P/E is 7.20. Profit margin for the company is -2.47%. Distance from 52-week low is 29.22% and -66.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.45%).
The EPS is expected to grow by 17.74% this year
259.0 institutions hold shares in Mativ Holdings Inc (MATV), with institutional investors hold 98.52% of the company’s shares. The shares outstanding are 54.34M, and float is at 53.29M with Short Float at 5.61%. Institutions hold 96.50% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.19 million shares valued at $155.85 million. The investor’s holdings represent 16.9158 of the MATV Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.25 million shares valued at $106.04 million to account for 11.5103 of the shares outstanding. The other top investors are ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC which holds 4.01 million shares representing 7.384 and valued at over $68.03 million, while RUBRIC CAPITAL MANAGEMENT LP holds 7.3635 of the shares totaling 4.0 million with a market value of $67.84 million.
Mativ Holdings Inc (MATV) Insider Activity
The most recent transaction is an insider purchase by COOK WILLIAM M, the company’s Director. SEC filings show that COOK WILLIAM M bought 2,500 shares of the company’s common stock on Nov 15 ’24 at a price of $12.45 per share for a total of $31125.0. Following the purchase, the insider now owns 21436.0 shares.
Mativ Holdings Inc disclosed in a document filed with the SEC on Aug 14 ’24 that Schertell Julie (President, CEO) sold a total of 12,000 shares of the company’s common stock. The trade occurred on Aug 14 ’24 and was made at $17.81 per share for $0.21 million. Following the transaction, the insider now directly holds 0.28 million shares of the MATV stock.
Still, SEC filings show that on Aug 14 ’24, JULIE A SCHERTELL (Officer) Proposed Sale 12,000 shares at an average price of $17.81 for $0.21 million. The insider now directly holds shares of Mativ Holdings Inc (MATV).
