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MediaCo Holding Inc (MDIA) – Don’t Be So Quick to Call it Dead

MediaCo Holding Inc (NASDAQ: MDIA) is 205.01% higher on its value in year-to-date trading and has touched a low of $0.40 and a high of $1.76 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MDIA stock was last observed hovering at around $0.86 in the last trading session, with the day’s gains setting it 0.45%.

Currently trading at $1.31, the stock is 148.34% and 146.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.48 million and changing 52.33% at the moment leaves the stock 80.20% off its SMA200. MDIA registered -2.96% loss for a year compared to 6-month loss of 55.95%. The firm has a 50-day simple moving average (SMA 50) of $1.85 and a 200-day simple moving average (SMA200) of -$16.16.

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The stock witnessed a 161.48% gain in the last 1 month and extending the period to 3 months gives it a 205.01%, and is 202.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 45.98% over the week and 16.64% over the month.

MediaCo Holding Inc (MDIA) has around 116 employees, a market worth around $34.53M and $32.39M in sales. Profit margin for the company is -31.01%. Distance from 52-week low is 227.50% and -25.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.48%).

12 institutions hold shares in MediaCo Holding Inc (MDIA), with institutional investors hold 84.38% of the company’s shares. The shares outstanding are 20.74M, and float is at 3.14M with Short Float at 0.14%. Institutions hold 80.52% of the Float.

The top institutional shareholder in the company is Standard General L.P. with over 16.8 million shares valued at $19.49 million. The investor’s holdings represent 82.33% of the MDIA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 33799.0 shares valued at $39206.0 to account for 0.17% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 22067.0 shares representing 0.11% and valued at over $25597.0, while Susquehanna Fundamental Investments, LLC holds 0.05% of the shares totaling 10047.0 with a market value of $11654.0.

MediaCo Holding Inc (MDIA) Insider Activity

The most recent transaction is an insider sale by EMMIS CORP, the company’s Director. SEC filings show that EMMIS CORP sold 12,913 shares of the company’s common stock on Jun 14 ’23 at a price of $1.39 per share for a total of $17949.0. Following the sale, the insider now owns 0.36 million shares.

MediaCo Holding Inc disclosed in a document filed with the SEC on Jun 13 ’23 that EMMIS CORP (Director) sold a total of 33,258 shares of the company’s common stock. The trade occurred on Jun 13 ’23 and was made at $1.50 per share for $49887.0. Following the transaction, the insider now directly holds 0.38 million shares of the MDIA stock.

Still, SEC filings show that on Jun 12 ’23, EMMIS CORP (Director) disposed off 1,026 shares at an average price of $1.27 for $1303.0. The insider now directly holds 408,270 shares of MediaCo Holding Inc (MDIA).

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