Matrix Service Co Stock Forecast & Predictions: 1Y Price Target $11 00 Buy or Sell NASDAQ: MTRX 2023


mtrx stock forecast
mtrx stock forecast

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%.

mtrx stock forecast

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Matrix Service Company Sets Date for Release of Financial Results for the Second Quarter of Fiscal 2023

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  • 77.54% of the stock of Matrix Service is held by institutions.
  • View analyst opinion as to whether the stock is a strong buy, strong sell or hold, based on analyst 12-Month MTRX price targets.
  • Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
  • We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view.

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.

Matrix Service Company Sets Date for Release of Financial Results for the First Quarter of Fiscal 2023

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 https://day-trading.info/ 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.

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.

mtrx stock forecast

The consensus among Wall Street research analysts is that investors should “buy” MTRX shares. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence . Some negative signals were issued as well, and these may have some influence on the near short-term development.

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.

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.

Calculating The Intrinsic Value Of Matrix Service Company (NASDAQ:MTRX)

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. individual account application form Move your mouse over a quarter or year to see how estimates have changed over time. One share of MTRX stock can currently be purchased for approximately $5.58.

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.

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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.

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.

The Matrix Service Company stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $6.35 and $7.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 07, 2023, and so far it has fallen -39.87%.

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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 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.

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.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. This info isn’t a recommendation for what you should personally do, so please don’t take the data as investment advice. The 2 analysts offering 1 year price forecasts for MTRX have a max estimate of — and a min estimate of —. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only.

Recent News & Updates

This potential increase is based on a high estimate of $14.00 and a low estimate of $11.00. If you are not interested in MTRX stock, you may be interested in its competitors. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

Analyst rating

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%.

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