Real Matters (TSX:REAL) Stock Rising Today. Should You Buy?

2 min read | April 28, 2021 12:53 PM EDT | By Team Kalkine Media

Real Matters (TSX:REAL) Stock Rising Today. Should You Buy? — Image source: SFIO CRACHO,Shutterstock

Real Matters Inc (TSX:REAL) Stock Performance

According to the data on TMX, Real Matters’ market cap is over C$ 1.5 billion and its price-to-earnings (P/E) ratio is 24.7. It holds a price-to-book (P/B) ratio of 6.151 and offers an 18.63 per cent return on assets (ROA).

1-year chart of Real Matters’ stock performance (Source: EODHD/Others/Thomson Reuters)

Over the past week, Real Matters stock grew by 12 per cent. However, it went down by about seven per cent year-to-date (YTD).

The tech stock was priced at C$ 17.5 apiece at market close on April 27, about 89 per cent down from its 52-week high of C$ 33.01 (August 6, 2020) and 20.7 per cent up from the 52-week low of C$ 13.87 (March 31, 2020).

Real Matters Inc Latest Financials

In Q2 FY21, Real Matters Inc’s consolidated adjusted EBITDA was US$ 19 million, up by 30.2 per cent YoY. Its adjusted net income per diluted share was US$ 0.15 in the latest quarter, up from US$ 0.13 in Q2 FY20.

The company’s cash and cash equivalents increased to US$ 129.2 million in the quarter ending March 31, 2021, up from US$ 89.1 million in Q2 FY20. Real Matters offers a 22.26 per cent return on equity (ROE).

The company’s net income amounted to US$ 11.7 million in the latest quarter, down from that of US$ 18.7 million in Q2 FY20.

The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.

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