Meredith Corporation (NYSE:MDP) went up by 1.55% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Publishing giant went up by $14.39 to trade ended Thursday trading at $14.17. This is up from the $14.17 price recorded on Wednesday’s trading session. Thanks to this latest performance, MDP is closer to the higher price 52-week target of $20.00 and further from the lowest price target of $11.00. Its performance from the start of the year has also been negative, with MDP down by -55.68% year-to-date.
Meredith Corporation (MDP) started the day trading at $13.8 and recorded an intraday high of $14.4491. It also recorded an intraday low of $13.48 during Thursday’s trading session. Meredith Corporation is a very active stock that recorded a trading volume that is less than -106.09% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 795757, which is less than -106.09 of the total average daily trading volume of 1.64 million.
Meredith Corporation (NYSE:MDP) 2020 Performance Impressive
The increase in MDP’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of MDP currently stands at $56.86, which is higher than the current trading price of the stock by 74.69%. However, MDP’s current trading price is -43.76% lower than the 52-week low price of $10.01. In terms of trading volume, Meredith Corporation currently experienced healthy participation during the last trading session. 795757 shares of Meredith Corporation were traded on the stock exchange on Thursday, which is less than -106.09% of the 1.64 million average trading volume of the stock.
The performance of the stock has been positive over the past year. MDP’s performance over the past one year has seen it plunge by -72.67%, while the stock has gone down by -57.24% in the last six months. The quarterly performance of MDP currently stands at 10.61%, and it is down by -17.54% in the last month. The only negative figure was from the weekly performance, which currently reads -7.99%. At the time of writing MDP’s report, the company has a total market cap of $785.26M, making it one of the largest publicly-traded companies in the world.Meredith Corporation also has over 5560 employees all over the world.
MDP Insider Activities
For Meredith Corporation, insiders hold 93.73% of all company shares. The insider transactions over the past six months are up by 4.80%. During that period, insiders bought 56,797 shares in 13 transactions. In that same period, insiders sold 599 of their shares in 1 transactions. After these transactions, insiders at Meredith Corporation now hold 1.24M shares, which is over 93.73% of the total company stocks. Institutional investors currently hold a large chunk of the MDP shares, as they control 2.74% of the company’s total stock.
MDP Fundamental Analysis
For Meredith Corporation, the stock’s diluted earnings per share (EPS) stands at -6.52. In the coming year, analysts expect the EPS to be 4.43. The EPS growth will up over the next five years to 25.70% after plunging by -14.80% in the previous five years. In terms of revenue, Meredith Corporation’s quarterly sales (YOY) is growing at 0.24, which is higher than the average annual revenue of -14.80% over the past half a decade.
The Return on Investment (ROI) on Meredith Corporation’s stock currently stands at 7.50%, and it has a net profit margin of -10.90%. The operating margin of the company is -2.30%, and its gross margin is 63.90%.
MDP Analysts Prediction
Another analyst that has a Buy rating for MDP is The Benchmark Company, which set a price target of between $77 and $70.
The Benchmark Company and The Benchmark Company also believe that Meredith Corporation’s stock is outperforming at the moment.
At the moment, Meredith Corporation’s Total Debt to Equity ratio stands at 4.89, and they have a long-term Debt to Equity ratio of 4.89.
MDP Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of MDP currently stands at -14.17%, while the SMA50 is -2.73%. The biggest one is the SMA200, which is currently reading -46.04% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 42.53.