(we are not professional traders this is just our opinion)
This is our first of our stock analysis articles. This is one of our favorite stocks for this month. We have been trading it after earnings ONLY because we saw the earnings report on CNBC, and learned that Match owned Tinder. Once we heard that we looked at the chart and traded the double bottom on 2/8 and 2/9. We made a three swing trades in the last 11 days, averaging 4% positive for each trade.
The reason why we are so high on MTCH is that companionship, and sex, sells. We were so surprised the PE was only 34.68 for this type of stock. The rocket rise after earnings was cooled by J.P. Morgan downgrading the stock to neutral from overweight because they felt Tinder will slow in 2018. While none of the Team are Match, or Tinder, users we know a lot of people that are. In Hawaii it is amazing how many visitors from Japan, and the United States, post on Tinder while they are on vacation. Maybe Hawaii is an abnormality.
We would recommend great caution here at these levels. We have been swing/day trading (how apropos) with MTCH playing the very tight channel which has developed in the one hour candle. Please notice that the channel did not hold today, and thus we will be paying close attention to the next few trading days. We do not have a position now and would not recommend taking one at this time.
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Statistics
Market Cap (intraday) 11.22B
Enterprise Value 12.48B
Trailing P/E 34.68
Forward P/E 27.86
PEG Ratio (5 yr expected) 2.12
Price/Sales (ttm) 8.43
Price/Book (mrq) 22.42
Enterprise Value/Revenue 9.38
Enterprise Value/EBITDA 31.62