The The Meet Group, Inc. (NASDAQ:MEET) is going down by -3.69% in today’s trading session, a fall equivalent to -0.14% of the stock’s price from yesterday’s market close. A news came out on 08/01/19 stating that The Meet Group to Present at Upcoming Investor Conferences by WSJ. The lowest point that the shares touched during the trading session was $3.60, while the peak of the day was recorded at a share price of $3.85. MEET finished the previous session at $3.80 according to the data provided by Barchart, while the trading volume was observed to be $1,042,824.
In the 100 days of trading, MEET managed to top a 4.06% Moving average. Additionally, The Meet Group, Inc. shares have achieved a 52-week range between 3.05 and 6.27 alongside 100 days raw stochastic set at 22.18%.
The number of shares outstanding, according to the fundamentals of the company, is set at 75.38M, equal to the value of $286.44M in market capitalization. Financial analysts indicate that MEET shares should be still ranked as a “Buy”. In the last 30 days, The Meet Group, Inc. shares went down by -7.11%, adding 3.94 to growth in value, on top of a +15.82% boost since 07/23/19.
The Meet Group, Inc. (NASDAQ:MEET) Analyst’s Estimates
The Meet Group, Inc. (MEET) could record at least $0.11 per share in quarterly earnings in the upcoming report on 11/11/2019, a number that would actually represent an increase of 17.23% YOY.
According to the average analyst rating, The Meet Group, Inc. would be rated as 1.40. Out of 5 different analysts monitoring MEET stock, 3 analysts rate the stock as a BUY, 0 suggest to give the rating of HOLD, 2 indicate that MEET is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Jun-21-19, the stock earned a Initiated rating due to a new analyst call from Oppenheimer, while analysts from Aegis Capital believe that the stock is set at Buy, as concluded on May-15-19. ROTH Capital, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Mar-08-18.
JMP Securities, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Aug-07-17, giving the stock a Mkt Outperform rating.
MEET Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +34.76% has been attained, while the operating margin has been recorded at +4.98%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 0.42%. Beta value of the stock is recorded at 1.48. Additionally, The Meet Group, Inc. is recording price volatility of 4.37% for the period of the last seven days and 5.57% in the last 30 days.
The Meet Group, Inc. (NASDAQ:MEET) Technical Outlook
For the period of the last 50 days, The Meet Group, Inc. had its Raw Stochastic average set at 70.79% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 66.67%. Stochastic %K for The Meet Group, Inc., with the last 20 days included, was set at 76.18%, having Stochastic %D topping 64.29%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for The Meet Group, Inc. stocks with recording -8.43% in metrics.
The Meet Group, Inc. Insider Watch:
As far as the position of shares issued by The Meet Group, Inc. (NASDAQ:MEET) for the period concluded at the market close of 08/22/19, 77 institutional investors increased their positions in MEET shares by 9,559,241, 57 decreased positions by 6,818,200 and 17 institutional investors decided to hold positions at 36,789,788. These numbers put the complete list of institutional holdings set at 53,167,229 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 26 institutional investments with 3,624,290 new shares in addition to having 27 institutional investors selling their positions in 3,161,848 shares.