The Meet Group Inc. (NASDAQ:MEET) went up by 0.32% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Internet Content & Information giant went up by $6.23 to trade ended Wednesday trading at $6.21. This is up from the $6.21 price recorded on Tuesday’s trading session. Thanks to this latest performance, MEET is closer to the higher price 52-week target of $6.30 and further from the lowest price target of $6.30. Its performance from the start of the year has also been positive, with MEET up by 24.35% year-to-date.
The Meet Group Inc. (MEET) started the day trading at $6.21 and recorded an intraday high of $6.24. It also recorded an intraday low of $6.19 during Wednesday’s trading session. The Meet Group Inc. is a very active stock that recorded a trading volume that is less than -82.28% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 1036874, which is less than -82.28 of the total average daily trading volume of 1.89 million.
The Meet Group Inc. (NASDAQ:MEET) 2020 Performance Impressive
The increase in MEET’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of MEET currently stands at $7.00, which is higher than the current trading price of the stock by 11.0%. However, MEET’s current trading price is -102.93% lower than the 52-week low price of $3.07. In terms of trading volume, The Meet Group Inc. currently experienced healthy participation during the last trading session. 1036874 shares of The Meet Group Inc. were traded on the stock exchange on Wednesday, which is less than -82.28% of the 1.89 million average trading volume of the stock.
The performance of the stock has been positive over the past year. MEET’s performance over the past one year has seen it surge by 79.54%, while the stock has gone up by 16.89% in the last six months. The quarterly performance of MEET currently stands at 29.79%, and it is up by 0.48% in the last month. The only positive figure was from the weekly performance, which currently reads 0.16%. At the time of writing MEET’s report, the company has a total market cap of $446.63M, making it one of the largest publicly-traded companies in the world.The Meet Group Inc. also has over 330 employees all over the world.
MEET Insider Activities
For The Meet Group Inc., insiders hold 78.00% of all company shares. The insider transactions over the past six months are down by -53.00%. During that period, insiders bought 0 shares in 0 transactions. In that same period, insiders sold 4,894,967 of their shares in 57 transactions. After these transactions, insiders at The Meet Group Inc. now hold 5.52M shares, which is over 68.33% of the total company stocks. Institutional investors currently hold a large chunk of the MEET shares, as they control 7.68% of the company’s total stock.
MEET Fundamental Analysis
For The Meet Group Inc., the stock’s diluted earnings per share (EPS) stands at 0.10. In the coming year, analysts expect the EPS to be 0.62. The EPS growth will up over the next five years to 28.00% after surging by 28.70% in the previous five years. In terms of revenue, The Meet Group Inc.’s quarterly sales (YOY) is growing at 0.12, which is lower than the average annual revenue of 28.70% over the past half a decade.
The Return on Investment (ROI) on The Meet Group Inc.’s stock currently stands at 5.40%, and it has a net profit margin of 3.50%. The operating margin of the company is 6.50%.
MEET Analysts Prediction
and ROTH Capital also reiterate their Buy position on the stock ($4 and $3.25).
ROTH Capital and Canaccord Genuity also believe that The Meet Group Inc.’s stock is outperforming at the moment. MEET received a positive rating from JMP Securities, which set a price target of $8-$6 for the stock.
At the moment, The Meet Group Inc.’s Total Debt to Equity ratio stands at 0.17, and they have a long-term Debt to Equity ratio of 0.15.
MEET Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of MEET currently stands at 0.69%, while the SMA50 is 1.08%. The biggest one is the SMA200, which is currently reading 18.41% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 60.26, while its price to earnings ratio (P/E) is 62.93.