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HomeNewsMaterialize (MTLS) Stock Moves -1.45%: What You Need to Know

Materialize (MTLS) Stock Moves -1.45%: What You Need to Know

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Mmaterialize (MTLS) closed the last trading day at $17.63, moving -1.45% from the previous trading session. That change was narrower than the S&P 500’s 2.77% daily loss. Elsewhere, the Dow lost 2.82%, while the tech-heavy Nasdaq lost 0.83%.

As of today, shares of the 3D printing software and medical and industrial products company were down 9.96% in the past month. Meanwhile, the IT & Technology sector lost 6.75%, while the S&P 500 lost 1.35%.

Wall Street will be looking for positivity from Materialize closer to its next earnings report date. That is expected to be April 28, 2022. The company is expected to report EPS of $0.05, up 162.5% from the prior year quarter. Our most recent consensus estimate calls for quarterly revenue of $58.56 million, up 9.64% from the prior year period.

For the full year, our Zacks consensus estimates call for earnings of $0.19 per share and revenue of $254.82 million, which would represent swings of -26.92% and +6.77%, respectively, compared to the previous year.

It’s also important to note recent changes to analyst estimates for Materialise. These revisions help show the ever-changing nature of short-term trading trends. With this in mind, we can view positive estimate revisions as a sign of optimism about the company’s business prospects.

Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. Investors can take advantage of this by using the Zacks ranking. This model accounts for these estimation changes and provides a simple and actionable scoring system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 Over the past month, the Zacks Consensus EPS estimate has remained flat. Materialize currently holds a Zacks rank of #3 (Hold).

Regarding its valuation, Materialize has a Forward P/E ratio of 94.16. That’s a premium to its industry average PER of 51.99.

The Internet – Software industry is part of the IT and technology sector. This industry currently has a Zacks Industry Rank of 178, which places it in the bottom 30% of all 250+ industries.

The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and more, at Zacks.com.

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To read this article on Zacks.com, click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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