The Question Is Whether To Buy Or Not To Buy Matrix Service Co. (NASDAQ: MTRX)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Matrix Service Company Reports Second Quarter Fiscal 2024 Results.

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Stocks Info

Matrix Service Co. is listed on the NASDAQ as a member of the Industrials sector and is a part of the Engineering & Construction industry. The current market capitalization of Matrix Service Co. is $335.77M. A total of 0.78 million shares were traded on the day, compared to an average of 4.03 shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, MTRX has seen 6 BUY and 0 SELL insider trades, representing the acquisition of 47,946 and the disposition of 0 shares. Over the last 12 months, there were 35 BUYs and 49 SELLs from insiders. Insiders purchased 230,640 shares during that period but sold 97,140.

In the most recent transaction, SHEETS JUSTIN D sold 10,961 shares of MTRX for 10.13 per share on Dec 05. After the transaction, the VP & General Counsel now owns 56,316 company shares. In a previous transaction on Nov 10, MILLER JAMES HARRY sold 3,000 shares at 11.50 per share. MTRX shares that Director owns now total 70,557.

Among the insiders who sold shares, HEWITT JOHN R disposed of 7,500 shares on Sep 29 at a per-share price of $12.00. This resulted in the President & CEO holding 487,891 shares of MTRX after the transaction.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for MTRX in the last 3 months, the mean price target is $17.00 with high estimates of $18.00 and low estimates of $16.00. In terms of 52-week highs and lows, MTRX has a high of $12.98 and a low of $4.58.

As of this writing, MTRX has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.13. The company reported an EPS of -$0.21 in the last quarter, which was -133.30% lower than expectations of -$0.09.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MTRX’s latest balance sheet shows that the firm has $52.37M in Cash & Short Term Investments as of fiscal 2022. There were $40.62M in debt and $177.78M in liabilities at the time. Its Book Value Per Share was $6.55, while its Total Shareholder’s Equity was $227.71M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MTRX is Buy with a score of 5.00.

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