Meredith Corporation (NYSE:MDP) went up by 5.18% from its latest closing price compared to the recent 1-year high of $37.50. The company’s stock price has collected -0.16% of loss in the last five trading sessions. The Wall Street Journal reported 25 min ago that Meredith Exiting Local-TV Business in $2.7 Billion Deal
Is It Worth Investing in Meredith Corporation (NYSE :MDP) Right Now?
Meredith Corporation (NYSE:MDP) scored a price-to-earnings ratio above its average ratio, recording 19.46 x from its present earnings ratio. Plus, the 36-month beta value for MDP is at 2.36. Opinions of the stock are interesting as 2 analysts out of 6 who provided ratings for Meredith Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $33.42, which is -$1.29 below the current price. MDP currently public float of 40.17M and currently shorts hold a 8.05% ratio of that float. Today, the average trading volume of MDP was 468.08K shares.
MDP’s Market Performance
MDP stocks went down by -0.16% for the week, with a monthly jump of 4.43% and a quarterly performance of 41.81%, while its annual performance rate touched 109.71%. The volatility ratio for the week stands at 5.01% while the volatility levels for the past 30 days are set at 4.09% for Meredith Corporation. The simple moving average for the period of the last 20 days is 5.97% for MDP stocks with a simple moving average of 61.55% for the last 200 days.
Analysts’ Opinion of MDP
Many brokerage firms have already submitted their reports for MDP stocks, with The Benchmark Company repeating the rating for MDP by listing it as a “Buy.” The predicted price for MDP in the upcoming period, according to The Benchmark Company is $38 based on the research report published on March 01st of the current year 2021.
MDP Trading at 4.60% from the 50-Day Moving Average
After a stumble in the market that brought MDP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.77% of loss for the given period.
Volatility was left at 4.09%, however, over the last 30 days, the volatility rate increased by 5.01%, as shares surge +5.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.14% upper at present.
During the last 5 trading sessions, MDP rose by +4.36%, which changed the moving average for the period of 200-days by +118.61% in comparison to the 20-day moving average, which settled at $30.96. In addition, Meredith Corporation saw 61.98% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MDP
Current profitability levels for the company are sitting at:
- +13.96 for the present operating margin
- +57.02 for the gross margin
The net margin for Meredith Corporation stands at -7.09. The total capital return value is set at 10.66, while invested capital returns managed to touch -5.44. Equity return is now at value -82.80, with -7.50 for asset returns.
Based on Meredith Corporation (MDP), the company’s capital structure generated 899.28 points at debt to equity in total, while total debt to capital is 89.99. Total debt to assets is 63.36, with long-term debt to equity ratio resting at 889.16. Finally, the long-term debt to capital ratio is 88.98.
When we switch over and look at the enterprise to sales, we see a ratio of 1.36, with the company’s debt to enterprise value settled at 0.87. The receivables turnover for the company is 5.51 and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.