Mattr Corp's stock has seen a notable decline this week, closing down 5.56% on Friday.
In the latest trading session, Mattr Corp (MATR.TO) experienced a significant drop, closing at C$19.41, down 5.56% for the day and slightly down 0.28% for the week. Despite this week's downturn, the stock has shown a remarkable increase of 126.11% year-to-date. The company recently extended its credit facility, which may have influenced investor sentiment.
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Mattr Corp
MATR.TO
MATR.TO
Mattr Corp
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Market cap
$1.16B
P/E
145.3x
52W high
$19.17
52W low
$7.27
1W change
-0.28%
Beta
0.11
Analyst Price Targets
Based on analyst covering MATR
Wall Street analysts forecast MATR stock price to rise 15.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$20.57
+15.3% Upside
Current Price
C$17.84
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MATR's historical volatility
30-Day Vol
68.7%
Annualized
90-Day Vol
61.7%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$21.33
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$18.93 | C$14.94 – C$24.00 |
| 60 trading days | C$20.10 | C$14.37 – C$28.10 |
| 90 trading days | C$21.33 | C$14.14 – C$32.16 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: Mattr Corp's recent performance highlights the volatility often seen in growth stocks, especially in the energy sector. The extension of its credit facility and strong preliminary results may provide some reassurance to investors amidst the current price fluctuations.
C$19.41 - Last Close
Mattr Corp's stock has traded within a 52-week range of C$7.27 to C$19.17, currently sitting near the upper end of this range.
Bull case
Mattr's extension of its credit facility until 2030 improves its financial flexibility, enabling continued investment in growth initiatives. The company's recent strong quarterly results show operational efficiency improvements, which could drive further growth.
Bear case
The high P/E ratio of 145.31 suggests that the stock may be overvalued, raising concerns about potential corrections. Additionally, the recent drop in share price could reflect market worries about the sustainability of Mattr's growth.
Recent Price Action
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Mattr Corp's stock (MATR.TO) closed at C$19.41 on Friday, marking a decline of 5.56% for the day. Over the past week, the stock has decreased by 0.28%, but it has shown impressive growth of 126.11% year-to-date, reflecting strong investor interest and market performance earlier in the year.
Company News and Catalysts
This week, Mattr Corp announced the closing of a US$300 million senior secured revolving credit facility extension until October 2030. This move aims to enhance the company's financial flexibility, allowing it to pursue growth opportunities without immediate liquidity concerns. Additionally, Mattr has reported strong performance in its Composite Technologies segment, contributing to positive revenue and margin growth.
Technical Picture
Mattr Corp's stock is currently trading well above its 50-day moving average of C$15.02 and its 200-day moving average of C$10.57, indicating a strong upward trend. The stock has a beta of 0.11, suggesting lower volatility compared to the broader market. The 52-week range for MATR.TO has been C$7.27 to C$19.17, with the current price being at approximately 102% of this range. Trading volume has been notably high, with the latest volume at 605,417 shares, significantly exceeding the 20-day average volume of 347,964 shares.
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