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MediaCo Holding Inc. (MDIA): The stock’s intermediate-term indicators point to Buy today

How have the shares performed?

MediaCo Holding Inc. (MDIA) saw an uptrend of 45.83% in the recent trading with $5.60 being its most recent. The current price level -36.94% lower than the highest price of $8.88 marked by the stock while trading over the past 52-weeks, whereas it is 147.24% higher than the lowest price of $2.27 the company dropped to over past 52-weeks. The latest news story on MDIA appeared in Business Wire under the title “MediaCo Appoints New Executive Team to Lead Strategic Realignment and Innovation” on Jun-11-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -5.08% below one month high and is +124.00% above of the lowest during that time. Looking into the simple moving average, MediaCo Holding Inc. (MDIA)’s stock stands at a SMA-50 of $3.25 while that of 5-day is reading $4.07.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and MDIA’s SMA-200 as of now is $3.13.

MediaCo Holding Inc. Earnings – What Happened With MDIA

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $9.74 billion.

MDIA – MediaCo Holding Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 7.12 million. MDIA does have institutional investors; and they hold 28.40% of the stock.

MediaCo Holding Inc. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 4 new insider purchases involving 268,204 shares. On the other hand, MDIA declared 0 shares have been sold in 0 insider transactions over the past three months.

As on Mar 30, 2021, Standard General L.P. was the top most holder in MediaCo Holding Inc. (NASDAQ:MDIA) with an ownership of 0.18 million shares of the company or 7.56% of the stake worth $0.62 million. The filing also reveals Nantahala Capital Management, LLC as the second largest holder in the company with a control over 4.25% of the outstanding shares. Its stake is worth $0.35 million for having 0.1 million shares in hand.

Vanguard Group, Inc. (The) also came holding a key position in the company during the recent quarter and it now holds 2.99% of the outstanding shares. With this there are now 26 institutions which have possession in MDIA’s shares.

MediaCo Holding Inc.’s return on equity, or ROE, is 349.80%, compared to the industry average of 0.73% for Communication Services – Broadcasting. Although this indicates that MDIA uses its equity well, the metric will vary significantly depending on the industry.

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Technical Analysis of MediaCo Holding Inc. (NASDAQ:MDIA) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for MediaCo Holding Inc. (MDIA), we notice that the stock’s 20-day average volume is at 1,006,190 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 425,430 shares. And to end, MDIA’s 100-day average volume is 270,728 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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