The stock of Mattel, Inc. (NASDAQ:MAT) last traded at $16.17, down -1.28% from the previous session.
MAT stock price is now -9.13% away from the 50-day moving average and -14.62% away from the 200-day moving average. The market capitalization of the company currently stands at $5.56B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $24 to $19, JP Morgan Downgraded its rating from Overweight to Neutral for Mattel, Inc. (NASDAQ: MAT). On January 17, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $25 to quote $19, while ‘ROTH MKM’ rates the stock as ‘Neutral’
In other news, TOTZKE STEVE, President, Chief Comm Officer sold 45,216 shares of the company’s stock on May 13 ’24. The stock was sold for $854,582 at an average price of $18.90. Upon completion of the transaction, the President, Chief Comm Officer now directly owns 101,902 shares in the company, valued at $1.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10 ’24, President, Chief Comm Officer TOTZKE STEVE sold 4,900 shares of the business’s stock. A total of $92,610 was realized by selling the stock at an average price of $18.90. This leaves the insider owning 147,118 shares of the company worth $2.38 million. A total of 0.96% of the company’s stock is owned by insiders.
During the past 12 months, Mattel, Inc. has had a low of $16.08 and a high of $22.64. As of last week, the company has a debt-to-equity ratio of 1.32, a current ratio of 2.49, and a quick ratio of 1.88. According to the stock market information, the enterprise value for the company is $7098127872, which is based on a 19.71 price-to-earnings ratio, a 1.76 price-to-earnings-growth ratio, and a beta of 0.86. The fifty day moving average price for MAT is $17.7434 and a two-hundred day moving average price translates $18.9127 for the stock.
The latest earnings results from Mattel, Inc. (NASDAQ: MAT) was released for 2024-03-31. The net profit margin was 5.38% and return on equity was 14.76% for MAT. The company reported revenue of $809.51 million for the quarter, compared to $814.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.62 percent.
