MediaCo Holding Inc (NASDAQ: MDIA) Fells -23.58% This Year: What’s Next

The trading price of MediaCo Holding Inc (NASDAQ:MDIA) closed higher on Monday, April 01, closing at $0.81, 53.37% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $1.76 and a 52-week low of $0.40. Over the past month, the stock has gained 47.27% in value.

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MediaCo Holding Inc, whose market valuation is $21.35 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of MediaCo Holding Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest MDIA has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.

A quick review shows that MDIA’s price is currently 63.64% off the SMA20 and 55.35% off the SMA50. The RSI metric on the 14-day chart is currently showing 68.80, and weekly volatility stands at 26.01%. When measured over the past 30 days, the indicator reaches 12.17%. MediaCo Holding Inc (NASDAQ:MDIA)’s beta value is currently sitting at 0.55, while the Average True Range indicator is currently displaying 0.08.

To see how MediaCo Holding Inc stock has been performing in comparison to its peers in the industry, here are the numbers: MDIA stock’s performance was 53.37% in the latest trading, and -23.58% in the past year.

An evaluation of the daily trading volume of MediaCo Holding Inc (NASDAQ:MDIA) indicates that the 3-month average is 64.19K. However, this figure has increased over the past 10 days to an average of 2.26 million.

Currently, records show that 26.36 million of the company’s shares remain outstanding. The insiders hold 88.11% of outstanding shares, whereas institutions hold 1.84%. The stats also highlight that short interest as of Mar 15, 2024, stood at 4250.0 shares, resulting in a short ratio of 0.44 at that time. From this, we can conclude that short interest is 0.02% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 11280.0. However, since the stock’s price has seen 88.59% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.