Company’s 36-month beta value is 1.01.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 2 as “sell.”
The public float for MLNK is 21.11M, and currently, short sellers hold a 7.27% ratio of that floaft. The average trading volume of MLNK on September 30, 2024 was 257.00K shares.
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MLNK) stock’s latest price update
MeridianLink Inc (NYSE: MLNK) has experienced a decline in its stock price by -8.42 compared to its previous closing price of 22.92. However, the company has seen a fall of -12.21% in its stock price over the last five trading days. businesswire.com reported 2024-09-26 that COSTA MESA, Calif.–(BUSINESS WIRE)—- $MLNK–MeridianLink, Inc. (the “Company”) (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced the pricing of the previously announced underwritten secondary offering of 6,000,000 shares of its common stock (the “Offering”) by certain funds managed by Thoma Bravo, L.P. (the “Selling Stockholders”). The Selling Stockholders have granted the underwriter a 30-day option to purchase up.
MLNK’s Market Performance
MeridianLink Inc (MLNK) has seen a -12.21% fall in stock performance for the week, with a -7.04% decline in the past month and a -1.73% plunge in the past quarter. The volatility ratio for the week is 3.34%, and the volatility levels for the past 30 days are at 2.99% for MLNK. The simple moving average for the past 20 days is -9.86% for MLNK’s stock, with a 1.00% simple moving average for the past 200 days.
Analysts’ Opinion of MLNK
UBS, on the other hand, stated in their research note that they expect to see MLNK reach a price target of $17. The rating they have provided for MLNK stocks is “Sell” according to the report published on October 20th, 2023.
Credit Suisse gave a rating of “Neutral” to MLNK, setting the target price at $15 in the report published on August 03rd of the previous year.
MLNK Trading at -8.08% from the 50-Day Moving Average
After a stumble in the market that brought MLNK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.89% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares sank -7.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.42% lower at present.
During the last 5 trading sessions, MLNK fell by -12.21%, which changed the moving average for the period of 200-days by -2.73% in comparison to the 20-day moving average, which settled at $23.20. In addition, MeridianLink Inc saw -15.26% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MLNK starting from Maloof Chris, who proposed sale 67,751 shares at the price of $23.51 back on Sep 20 ’24. After this action, Maloof Chris now owns shares of MeridianLink Inc, valued at $1,593,116 using the latest closing price.
Nguyen Timothy, the 10% Owner of MeridianLink Inc, sale 21,958 shares at $24.00 during a trade that took place back on Sep 16 ’24, which means that Nguyen Timothy is holding 11,030,488 shares at $527,082 based on the most recent closing price.
Stock Fundamentals for MLNK
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.56 for the gross margin
The net margin for MeridianLink Inc stands at -0.15. The total capital return value is set at 0.02. Equity return is now at value -9.16, with -4.54 for asset returns.
Based on MeridianLink Inc (MLNK), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is 0.48.
Currently, EBITDA for the company is 76.98 million with net debt to EBITDA at 4.85. When we switch over and look at the enterprise to sales, we see a ratio of 6.4. The receivables turnover for the company is 8.4for 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 1.98.
Conclusion
In a nutshell, MeridianLink Inc (MLNK) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
