Today’s big question for investors is, “what’s going on with Mattel, Inc. (NASDAQ:MAT) stock? Its price is nose-diving -0.33 points, trading at $14.07 levels, and is down -2.29% from its previous close of $14.4. The shares seem to have an active trading volume day with a reported 6668861 contracts so far this session. MAT shares had a relatively better volume day versus average trading capacity of 4 million shares, but with a 0.35 billion float and a 0.63% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for MAT stock indicates that the average analyst price target is $14.08 per share. This means the stock has a potential increase of 0.07% from where the MAT share price has been trading recently.
During the recent trading session for Mattel, Inc. (NASDAQ:MAT), the company witnessed their stock rise $unch over a week and surge $0.07 from the price 20 days ago. When compared to their established 52-week high of $17.26, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/15/19. The recent low of $9.06 stood for a -18.51% since 08/28/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.68 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Mattel, Inc., the two-week RSI stands at 48.18. This figure suggests that MAT stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current MAT readings is similarly very revealing as it has a stochastic reading of 43.12% at this stage. This figure means that MAT share price today is being neutral.
Technical chart claims that Mattel, Inc. (MAT) would settle between $14.53/share to $14.66/share level. However, if the stock price goes below the $14.3 mark, then the market for Mattel, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $14.2 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.05. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at JP Morgan, assumed coverage of MAT assigning Overweight rating, according to their opinion released on January 27. UBS analysts have lowered their rating of Mattel, Inc. (NASDAQ:MAT) stock from Buy to Neutral in a separate flash note issued to investors on June 19. Analysts at Jefferies released an upgrade from Underperform to Hold for the stock, in a research note that dated back to April 11.
MAT equity has an average rating of 2.8, with the figure leaning towards a bullish end. 16 analysts who tracked the company were contacted by Reuters. Amongst them, 11 rated the stock as a hold while the remaining 5 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 4 analysts rated Mattel, Inc. (NASDAQ:MAT) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, MAT stock price is currently trading at 115.2X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 23.9. Mattel, Inc. current P/B ratio of 11 means it is trading at a premium against its industry’s 3.
Mattel, Inc. (MAT)’s current-quarter revenues are projected to climb by nearly 6.1% to hit $684580, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 2.2% from $4.5 billion to a noteworthy $4.6 billion. At the other end of the current quarter income statement, Mattel, Inc. is expected to see its adjusted earnings surge by roughly 22.7% to hit $-0.34 per share. For the fiscal year, MAT’s earnings are projected to climb by roughly 140% to hit $0.12 per share.