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Mattel Inc. (MAT)’s Stock Price Falls Due To Weak Fundamental Momentum

Mattel Inc. (NASDAQ:MAT) has a beta value of 1.17 and has seen 0.86 million shares traded in the recent trading session. The company, currently valued at $6.38B, closed the recent trade at $18.05 per share which meant it gained $0.33 on the day or 1.83% during that session. The MAT stock price is -49.53% off its 52-week high price of $26.99 and 8.53% above the 52-week low of $16.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.95 million shares traded. The 3-month trading volume is 3.52 million shares.

Mattel Inc. (NASDAQ:MAT) trade information

Sporting 1.83% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 11/22/22 when the MAT stock price touched $18.05. Year-to-date, Mattel Inc. shares have moved -17.81%, while the 5-day performance has seen it change 1.49%. Over the past 30 days, the shares of Mattel Inc. (NASDAQ:MAT) have changed -9.96%. Short interest in the company has seen 22.78 million shares shorted with days to cover at 7.27.

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Mattel Inc. (MAT) estimates and forecasts

Figures show that Mattel Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -18.04% over the past 6 months, with this year growth rate of 5.38%, compared to -15.00% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are -37.70% and 62.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 5.60%.

10 analysts offering their estimates for the company have set an average revenue estimate of $1.73 billion for the current quarter. 8 have an estimated revenue figure of $1.03 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $1.79 billion and $1.04 billion respectively for this quarter and the next, and analysts expect sales will shrink by -3.90% for the current quarter and -0.90% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 22.70% over the past 5 years. Earnings growth for 2022 is a modest 614.00% while over the next 5 years, the company’s earnings are expected to increase by 12.30%.

MAT Dividends

Mattel Inc. is expected to release its next earnings report between February 07 and February 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Mattel Inc. (NASDAQ:MAT)’s Major holders

Insiders own 0.49% of the company shares, while shares held by institutions stand at 102.05% with a share float percentage of 102.56%. Investors are also buoyed by the number of investors in a company, with Mattel Inc. having a total of 503 institutions that hold shares in the company. The top two institutional holders are Primecap Management Company with over 44.82 million shares worth more than $1.0 billion. As of Jun 29, 2022, Primecap Management Company held 12.69% of shares outstanding.

The other major institutional holder is Edgepoint Investment Group Inc., with the holding of over 35.73 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $797.91 million and represent 10.12% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard/Primecap Fund and Growth Fund Of America Inc. As of Jun 29, 2022, the former fund manager holds about 7.74% shares in the company for having 27.36 million shares of worth $610.89 million while later fund manager owns 23.17 million shares of worth $438.84 million as of Sep 29, 2022, which makes it owner of about 6.56% of company’s outstanding stock.

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