The stock of MediaCo Holding Inc (NASDAQ: MDIA) has increased by 30.68 when compared to last closing price of 1.76.Despite this, the company has seen a gain of 15.58% in its stock price over the last five trading days. InvestorPlace reported 2024-04-20 that Buying stocks up over 200% in 2024 is a tricky proposition. On one hand, you don’t want to fight momentum.
Is It Worth Investing in MediaCo Holding Inc (NASDAQ: MDIA) Right Now?
The 36-month beta value for MDIA is at -0.24.
The public float for MDIA is 3.08M, and currently, shorts hold a 17.72% of that float. The average trading volume for MDIA on May 02, 2024 was 4.09M shares.
MDIA’s Market Performance
MDIA’s stock has seen a 15.58% increase for the week, with a 167.44% rise in the past month and a 333.96% gain in the past quarter. The volatility ratio for the week is 18.38%, and the volatility levels for the past 30 days are at 38.77% for MediaCo Holding Inc The simple moving average for the past 20 days is -9.09% for MDIA’s stock, with a 167.84% simple moving average for the past 200 days.
MDIA Trading at 72.98% from the 50-Day Moving Average
After a stumble in the market that brought MDIA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.47% of loss for the given period.
Volatility was left at 38.77%, however, over the last 30 days, the volatility rate increased by 18.38%, as shares surge +75.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +331.28% upper at present.
During the last 5 trading sessions, MDIA rose by +15.58%, which changed the moving average for the period of 200-days by +105.36% in comparison to the 20-day moving average, which settled at $2.5800. In addition, MediaCo Holding Inc saw 435.51% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MDIA starting from EMMIS CORP, who sale 12,913 shares at the price of $1.39 back on Jun 14 ’23. After this action, EMMIS CORP now owns 362,099 shares of MediaCo Holding Inc, valued at $17,949 using the latest closing price.
EMMIS CORP, the Director of MediaCo Holding Inc, sale 33,258 shares at $1.50 during a trade that took place back on Jun 13 ’23, which means that EMMIS CORP is holding 375,012 shares at $49,887 based on the most recent closing price.
Stock Fundamentals for MDIA
Current profitability levels for the company are sitting at:
- -0.19 for the present operating margin
- -0.01 for the gross margin
The net margin for MediaCo Holding Inc stands at -0.23. The total capital return value is set at -0.07.
Based on MediaCo Holding Inc (MDIA), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at -0.14. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is -14.72.
Currently, EBITDA for the company is -5.69 million with net debt to EBITDA at -8.03. When we switch over and look at the enterprise to sales, we see a ratio of 3.26. The receivables turnover for the company is 4.85for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.
Conclusion
In conclusion, MediaCo Holding Inc (MDIA) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
