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MRDN

MRDN

MRDN
$13.71USD↑+0.00%+0.00 today

MARKET CAP

173.7M

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$13 – $14

52W RANGE

$6
$44

AI Summary

Stalk
TrimMedium

The recent support failure below the long-standing overlap zone has shifted the medium-term bias to bearish, with the broken level now acting as resistance. Price is currently oscillating around short-term moving averages without clear directional conviction, making immediate selling less favorable. Given high confidence in the medium-term downtrend and neutral timing conditions, execution should be deferred by trimming into rallies toward resistance levels rather than initiating new sells. The long-term uptrend remains intact but is under pressure until price recaptures key support levels.

  • ↑Q2 revenue of $50.2M (+60% YoY) drove second consecutive GAAP profit
  • ↑New customer registrations reached 516K (+37% YoY), fueling growth
  • ↓Profitability score remains critically low, signaling cost inefficiencies
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Meridian Holdings (NASDAQ: MRDN) is a prominent player in the online betting and gaming sector, particularly well-positioned through its subsidiary Meridian Bet Group. The company operates in a rapidly growing market focused on delivering engaging gaming experiences across various platforms, including sports betting and online casinos. Its strategic emphasis on operational discipline and customer retention enables it to navigate a competitive landscape, primarily capitalizing on the expanding market for digital gaming and sports betting.

Bull says

  • ↑Q2 revenue of $50.2M (+60% YoY) drove second consecutive GAAP profit
  • ↑New customer registrations reached 516K (+37% YoY), fueling growth
  • ↑Net debt cut 65% to $9.4M; leverage at 0.39× adjusted EBITDA
  • ↑Expanse studio revenue surged 138% YoY; gross gaming revenue up 90%
  • ↑Management forecasts 8–10% constant-currency revenue growth in H2 2026
  • ↑Strong earnings revisions and positive rate-sensitivity could boost stock

Bear says

  • ↓Profitability score remains critically low, signaling cost inefficiencies
  • ↓Earnings yield negative, implying stock may be overpriced
  • ↓Leverage elevated; debt level risk could strain cash flows
  • ↓High short interest reflects significant investor skepticism
  • ↓Gross margin fell to 53.5% on competitive and betting volatility
  • ↓Revenue and profits hinge on event outcomes, adding volatility

Investment themes with MRDN

Casinos↑ +0.56%

GLPI · CHDN · RRR

Earnings Call · Q2 2024 · Mgmt. Guidance

Updated 08-01-2026bullish

Transcript signals

Bull points

  • We have $61.3 million of repurchase authorization remaining. These share buybacks are consistent with the capital allocation framework I articulated last quarter.
  • delivered a strong second quarter against a continued challenging macro backdrop, achieving GAAP revenue of $78.7 million, or 4% growth year-over-year and adjusted EBITDA of $31.8 million and a 40% EBITDA margin, meeting the high end of our guidance range for both metrics
  • The continued demand for MeridianLink won end-to-end lending platform and our disciplined execution.

Bear points

  • mortgage unit volumes continue to be at generational lows. We're beginning to see improving mortgage volumes consistent with MBA forecasts, but volumes are still roughly 50% below 25-year averages.
  • Mortgage industry sources forecast volumes to improve in the second half, though more modestly than previously forecasted.
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