MediaCo Holding Inc (NASDAQ: MDIA) is 363.33% higher on its value in year-to-date trading and has touched a low of $0.40 and a high of $6.86 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 $1.25 in the last trading session, with the day’s gains setting it 0.74%.
Currently trading at $1.99, the stock is 53.64% and -24.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 59.20% at the moment leaves the stock 3.85% off its SMA200. MDIA registered 166.68% gain for a year compared to 6-month loss of -26.84%. The firm has a 50-day simple moving average (SMA 50) of $2.65358 and a 200-day simple moving average (SMA200) of $1.90867.
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The stock witnessed a 13.71% gain in the last 1 month and extending the period to 3 months gives it a -34.97%, and is 76.11% 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 23.16% over the week and 16.53% over the month.
MediaCo Holding Inc (MDIA) has around 116 employees, a market worth around $92.93M and $45.88M in sales. Profit margin for the company is -130.75%. Distance from 52-week low is 397.50% and -70.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.87%).
18.0 institutions hold shares in MediaCo Holding Inc (MDIA), with institutional investors hold 95.46% of the company’s shares. The shares outstanding are 20.74M, and float is at 2.91M with Short Float at 1.40%. Institutions hold 93.59% of the Float.
The top institutional shareholder in the company is STANDARD GENERAL L.P. with over 37.53 million shares valued at $135.12 million. The investor’s holdings represent 57.3752 of the MDIA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 0.57 million shares valued at $2.04 million to account for 2.2608 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 0.23 million shares representing 0.899 and valued at over $0.81 million, while NORTHERN TRUST CORP holds 0.218 of the shares totaling 54672.0 with a market value of $0.2 million.
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 10,781 shares of the company’s common stock on May 22 ’24 at a price of $1.25 per share for a total of $13476.0. Following the sale, the insider now owns 0.31 million shares.
MediaCo Holding Inc disclosed in a document filed with the SEC on May 21 ’24 that EMMIS CORP (Director) sold a total of 40,298 shares of the company’s common stock. The trade occurred on May 21 ’24 and was made at $1.25 per share for $50372.0. Following the transaction, the insider now directly holds 0.32 million shares of the MDIA stock.
Still, SEC filings show that on May 17 ’24, EMMIS CORP (Director) disposed off 4,547 shares at an average price of $1.46 for $6639.0. The insider now directly holds 357,552 shares of MediaCo Holding Inc (MDIA).
