MTRX Stock Price and Chart NASDAQ:MTRX
According to 8 stock analysts, the average 12-month stock price forecast for MTRX stock is $12.75, which predicts an increase of 122.90%. The Wall Street analyst predicted that Matrix Service Co’s share price could reach $11.00 by May 11, 2023. The average Matrix Service Co stock price prediction forecasts a potential upside of 97.13% from the current MTRX share price of $5.58. According to 8 analysts, the average rating for MTRX stock is “Buy.” The 12-month stock price forecast is $12.75, which is an increase of 122.90% from the latest price.
Our Matrix Service Co stock forecast data is based on consensus analyst prediction, covering public companies earnings per share and revenue. View analyst opinion as to whether the stock is a strong buy, strong sell or hold, based on analyst 12-Month MTRX price targets. 1 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Matrix Service in the last year.
The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023. This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.380 between high and low, or 6.93%. For the last week the stock has had daily average volatility of 6.10%. Matrix Service’s stock is owned by a number of institutional and retail investors. Top institutional investors include First Wilshire Securities Management Inc. (8.03%), Dimensional Fund Advisors LP (5.25%), Aegis Financial Corp (4.29%), Azarias Capital Management L.P.
Sign-up to receive the latest news and ratings for Matrix Service and its competitors with MarketBeat’s FREE daily newsletter. MarketBeat has tracked 2 news articles for Matrix Service this week, compared to 1 article on an average week. Short interest in Matrix Service has recently increased by 8.88%, indicating that investor sentiment is decreasing significantly.
We therefore hold a negative evaluation of this stock. 77.54% of the stock of Matrix Service is held by institutions. High institutional ownership can be a signal of strong market trust https://day-trading.info/ in this company. In the past three months, Matrix Service insiders have not sold or bought any company stock. Matrix Service has received a 42.58% net impact score from Upright.
Despite Fast-paced Momentum, Matrix Service (MTRX) Is Still a Bargain Stock
The Matrix Service forecast is for EBIT to reach $-128.17M or grow by 246.50%. In the last two years, Matrix Service’s Free Cash Flow has gone down from $21.83M to $-7.32M – a 133.53% drop. In the coming year, analysts are expecting an increase in Free Cash Flow, predicting it will reach $-28.88M – an increase of 294.51%.
Matrix Service seems to create the most significant positive value in categories “Taxes”, “Societal infrastructure”, and “Jobs”. Matrix Service has a short interest ratio (“days to cover”) of 1.1, which is generally considered an acceptable ratio of short interest to trading volume. LONDON — Industrial services provider Matrix Service Co. said that third-quarter net income dipped to $6.0 million, or 22 cents a share, from $6.15 million, or 24 cents a share, a year ago. A roundup of the latest corporate earnings reports and what companies are saying about future quarters. In the last two years, Matrix Service’s EPS has fallen from $1.01 to $-0.99 – a 198.02% decrease.
Over the next nine years, experts anticipate that Free Cash Flow growth for Matrix Service will be 966.20%. In the last two years, Matrix Service’s Revenue has fallen from $1.42B to $673.40M – a 52.47% decrease. In the next year, analysts predict that Revenue will jump to $1.02B – up 51.89% from the current level. Looking ahead to nine years, experts forecast that Revenue will grow by 63.41%. In the last two years, Matrix Service’s Price has fallen from $14.94 to $0.00 – a 100.00% decrease.
Since then, MTRX stock has decreased by 10.3% and is now trading at $5.58. The P/E ratio of Matrix Service is -2.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Learn more about our full range of powerful features including the best charts on the web. Among the shares seeing active trade are those of Big Lots Inc., Take-Two Interactive Software Inc. and Marvell Technology. In 2023, MTRX is forecast to generate -$811,127 in earnings, with the lowest earnings forecast at -$811,127 and the highest earnings forecast at -$811,127.
In the next year, analysts predict that EPS will jump to $-2.42 – up 144.43% from the current level. Looking ahead to nine years, experts forecast that EPS will grow by 253.60%. In the last two years, Matrix Service’s EBIT has decreased from $37.93M to $-36.99M – a 197.52% drop. In the next year, analysts are expecting an increase in EBIT, predicting it will reach $-89.33M – an increase of 141.50%.
Price target decreased to US$12.50
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It is one of the several stocks that passed through our ‘Fa… In the last two years, Matrix Service’s EBITDA has fallen from $56.15M to $-19.13M – a 134.07% decrease. In the next year, analysts predict that EBITDA will reach $-59.08M – an increase of 208.82%. For the next nine years, the forecast is for EBITDA to grow by 486.90%. In the last two years, Matrix Service’s Net Income has seen a drop from $27.98M to $-31.22M – a 211.58% decrease.
In the next year, analysts believe that Net Income will reach $-51.67M – an increase of 65.49%. For the next nine years, the forecast is forNet Income to grow by 81.19%. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Based on 2 analysts giving stock ratings to MTRX in the past 3 months. Matrix Service Company holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks.
Matrix Service Company, Annual General Meeting, Dec 05, 2022
(3.87%), SG Capital Management LLC (2.78%) and Franklin Resources Inc. (2.25%). Insiders that own company stock include James Harry Miller, John D Chandler, John R Hewitt, Justin D Sheets, Kevin A Durkin and Kevin S Cavanah. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 . This is a higher news sentiment than the 0.40 average news sentiment score of Oils/Energy companies. Other market data may be delayed by 15 minutes or more.
- In the last two years, Matrix Service’s EBITDA has fallen from $56.15M to $-19.13M – a 134.07% decrease.
- With no support below and resistance from accumulated volume @ $6.24, some $0.660 (11.83%) from the current price of $5.58, our system finds the risk reward not very attractive.
- StockForecast is not a personal financial advisor and does not make recommendations or offers to buy or sell securities or currencies.
- Looking ahead to nine years, experts forecast that Fair Value will grow by 100.00%.
In the next year, analysts predict that Fair Value will jump to $6.38 – up 100.00% from the current level. Looking ahead to nine years, experts forecast that Fair Value will grow by 100.00%. Information is provided ‘as-is’ and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.
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Matrix Service FY revenue seen $720 mln to $740 mln
Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. If Matrix Service Company takes out the full calculated possible swing range there will be an estimated 14.38% move between the lowest and the highest trading price during the day. Matrix Service’s stock was trading at $6.22 at the start of the year.
Based on 1 analyst offering ratings for Matrix Service Co. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse. Brings strong strategy and business development, operational, and international leadership expertise Brings strong strategy and business development, operational, and international leadership expertis… Matrix Service Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
This means that analysts believe this stock is likely to outperform the market over the next twelve months. LONDON — Matrix Service Co. on Friday cut its earnings forecast for the fiscal year ending June 30 to a range of 55 cents to 65 cents a share. The company had previously forecast that earnings would be towa… The average price target for Matrix Service’s stock of $12.50 recently provided by leading analysts would represent a 80.38% upside from its last closing price if reached.
Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Matrix Service could be a great choice.